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January 2, 2018

U.S. Foreign Policy
The Sovereignty Wars

Teaching Notes for The Sovereignty Wars written by CFR Senior Fellow and Director Stewart M. Patrick.

The Sovereignty Wars Teaching Notes

February 9, 2009

Venezuela’s Oil-Based Economy

Venezuela is trying to develop new markets for its oil at a time of increasing friction with its main customer, the United States. But a significant short-term shift in oil relations between Venezuel…

October 17, 2011

Monetary Policy
Can Monetary Policy Mitigate The Effects of Oil Shocks? A Follow-Up

I wrote a week ago about an old paper by Bernanke, Gertler, and Watson (BGW) that attributed much of the impact of past oil price shocks to the response of monetary policy. Jim Hamilton followed up t…

October 5, 2006

A world turned upside down …

I guess it is only natural that in world where capital flows – in unprecedented sums – from the poor to the rich, that the poor countries on the periphery also have lower inflation rates than the US…