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June 6, 2018

United States
Jonathan Ernst/Reuters The Trump Era Can't End Soon Enough

President Trump has abandoned previous U.S. administrations' respect for the rules-based order.

May 23, 2018

Italy
Alessandro Bianchi/Reuters Italy's New Government Could Be the Force That Finally Breaks Europe

Italy's new government could pursue a path that could have a devastating effect on Europe’s financial position

July 10, 2018

Europe
Former Secretary of State George C. Marshall urging the prompt ratification of the North Atlantic Military Alliance, speaking on the second anniversary of his address at Harvard University in which he outlined the Marshall Plan for the economic recovery of Europe. Trump’s Misguided Attack on European Unity

Trump's antipathy toward the EU overlooks America’s enduring interest in a united Europe that can serve as one pillar of an open, rule-bound international system.

March 6, 2006

China
A question for Sebastian Mallaby

Isn't setting the RMB/ dollar exchange rate at levels that keep China's small rice farms (and its interior provinces more generally) competitive sort of like setting Germany's exchange ra…

April 27, 2018

Venezuela
Venezuela's Oil Minister and President of the Venezuelan state oil company PDVSA Manuel Quevedo attends the event launching the new Venezuelan cryptocurrency "Petro" in Caracas, Venezuela February 20, 2018. Why Oil Sanctions Against Venezuela No Longer Make Sense

This post is co-written by David R. Mares, the Institute of the Americas chair for Inter-American Affairs and professor for political science at the University of California San Diego and the Baker I…

November 15, 2005

Economics
RGE Econoblog with Sebastian Mallaby

OK, not a true Wall Street Journal style Econoblog.   But Sebastian Mallaby of the Washington Post noted my response to his October 31st column, and has agreed to allow me to publish our email exchan…

February 22, 2018

Puerto Rico
Counting Chickens Long Before They Hatch: Should Hurricane Maria Be Modeled as a Positive Growth Shock for Puerto Rico? Counting Chickens Long Before They Hatch: Should Hurricane Maria Be Modeled as a Positive Growth Shock for Puerto Rico?

Puerto Rico’s latest fiscal plan appears to use a best case scenario as its base case. It consequently doesn’t provide a realistic benchmark for evaluating Puerto Rico’s long-run capacity to pay.

July 26, 2017

Venezuela
A demonstrator during a rally against President Nicolas Maduro’s government in Caracas, Venezuela. Can Venezuela Resurrect Its Economy?

President Nicolas Maduro has neither the desire nor the capacity to institute the market reforms and debt restructuring needed to revive Venezuela’s sinking economy, says economist Ricardo Hausmann.

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…

May 7, 2008

Trade
State and Local Officials Conference Call with Sebastian Mallaby

Listen to Sebastian Mallaby, CFR's director of the Maurice R. Greenberg Center for Geoeconomic Studies, Paul A. Volcker senior fellow for international economics, and deputy director of studies, disc…