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May 7, 2005

Economics
The US economy, in a nutshell?

90s: Hi-tech.00s: Real estate.Check out this nugget from the Washington Post (emphasis added):"Jackpot" is how Ileann Jimenez-Sepulveda describes it. Like Klein, she bought a house in Columbia Height…

October 25, 2005

United States
The Joint Economic Committee

Last Thursday, I had the opportunity to testify before the Joint Economic Committee on the US current account deficit, as part of the panel that followed Dr. Bernanke's testimony. I strongly s…

April 20, 2006

Economics
The world would be a somewhat better place if …

The policy makers gathered in Washington this weekend listened to Martin Wolf's advice.  And skimmed his powerpoints.   Everyone with authority in the global economy read Gian Maria Milesi-Ferret…

August 17, 2005

Economics
It all comes down to oil and houses

Or  more precisely, how long the stimulus from rising house values (and the jobs created building and selling houses) can offset the drag of the (growing) oil tax.  Read John Makin in today's Wal…

November 30, 2006

Financial Markets
2006, The year of the euro (and pound)

Like many others, I expected that Asian currencies – notably emerging Asian currencies – would appreciate against both the euro and the dollar this year.    That hasn’t happened.  Sure, the RMB ha…

March 8, 2009

Financial Markets
The shadow financial system – as illustrated in three new papers that cut through the London fog

Gordon Brown wants to shine a bit more light on the shadow financial system (hat tip IPEZone). One plank of his G-20 action plan is: "reform of international regulation to close regulatory gaps so …

August 20, 2010

China
China Assaults the High-Tech Frontier

Photo courtesy of REUTERS/Claro Cortes IV I did a fun panel earlier this week on CNBC’s “Closing Bell” with Maria Bartiromo.  She asked a pretty straightforward question:  Is China challenging …

China Assaults the High-Tech Frontier

April 18, 2011

Politics and Government
Campaign 2012: Hello Rick Santorum, GOP Presidential Candidate

Rick Santorum speaks during the Iowa Faith & Freedom Coalition's Spring Event in Waukee, Iowa March 7, 2011. (Brian Frank/courtesy Reuters) Pennsylvania State University can claim many accomplis…

Rick Santorum speaks during the Iowa Faith & Freedom Coalition’s Spring Event in Waukee, Iowa March 7, 2011.

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…

January 10, 2012

International Organizations
J: The New Super Office

With attention on the Republican primaries and international crises in Syria, Iran, and the eurozone, few have time to pay attention to bureaucratic politics. But while our eyes were trained elsewhe…

U.S. Assistant Secretary of State for International Narcotics and Law Enforcement Affairs William Brownfield speaks with Mario Andresol, director general of the Haitian Police Force, in Port-au-Prince