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March 28, 2011

Disasters
A Conversation with Raymond E. Mabus

Secretary of the U.S. Navy Raymond E. Mabus discusses the operations of the U.S. Navy as it responds to high-end combat, builds partnerships, and implements humanitarian assistance and disaster relie…

February 15, 2018

United States
Trump’s Tax Success Is at the Expense of His Trade Agenda Trump’s Tax Success Is at the Expense of His Trade Agenda

It looks like a combination of tax cuts and spending increases will raise the U.S. fiscal deficit by about 2 percentage points of GDP (that’s the number Krugman used; Goldman’s US economics team puts…

February 15, 2018

Europe
“Doom Loop” Binding Weak Banks and Sovereigns Still Haunts Europe “Doom Loop” Binding Weak Banks and Sovereigns Still Haunts Europe

One important reason no one talks about Puerto Rico leaving the “dollar zone” is that the island’s banks have minimal exposure to its government’s debt. There is thus no need even to consider int…

February 7, 2018

United States
Do Not Overlook the December Trade Data Do Not Overlook the December Trade Data

The increase in the non-oil trade deficit in December should be getting more attention. It matters more than the year-over-year rise in the 2017 trade deficit.

February 2, 2018

Venezuela
Demonstrators rally against Venezuela's President Nicolas Maduro in Caracas, Venezuela. Venezuela in Crisis

President Nicolas Maduro’s efforts to consolidate power amid a deepening economic and humanitarian crisis have drawn widespread international condemnation.

February 2, 2018

Monetary Policy
Federal Reserve The Role of the U.S. Federal Reserve

The role of the Federal Reserve has transformed in the past decade, as it has deployed trillions of dollars to boost the U.S. economy while expanding its regulatory oversight of the nation’s financia…

January 25, 2018

Nigeria
Nigeria-Oil-Price-Formal-Economy Nigeria’s Formal Economy Looking Up

Hostages to fortune are international oil prices, which are largely determined by forces over which Nigeria has little control. While Nigeria ostensibly has more control over security in the oil patch, there is an ongoing, low-level insurgency that has been in effect for years.

January 23, 2018

Immigration and Migration
 African migrant holds a European Union flag Making Migration Work

The UN is right to underscore the benefits of broad-based international cooperation on migration, particularly regarding measures that could, over time, reduce migrant flows by improving conditions i…

January 23, 2018

Renewable Energy
Solar Panel Tariffs Trump's Solar Tariffs Create Far More Losers Than Winners

President Trump announced the first sweeping tariffs of his administration, enacting tariffs on solar panels and components from nearly every country in the world—but they create virtually no winners…

January 24, 2018

United States
Adjustment Is Hard, Especially if it Involves the Dollar Adjustment Is Hard, Especially if it Involves the Dollar

Trump’s tax cut has not, to date, unleashed a wave of global demand for U.S. dollar assets. In fact, the dollar weakened as prospects for the tax cut—and associated rise in the U.S. federal budget…