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February 13, 2015

Education
Scott Walker's Risky College Experiment

Since 2000, the percent of state budgets devoted to higher education has fallen from 13 percent to 9.5 percent. This decline in funding has strained public university finances, reduced pay for many p…

Wisconsin Governor Scott Walker speaks at the Freedom Summit in Des Moines, Iowa, January 24, 2015 (Jim Young/Courtesy Reuters).

August 28, 2015

United States
Scott Walker’s Foreign Policy Speech

Gov. Scott Walker gave a major foreign policy speech today at The Citadel, and it contained some points worth noting. I’ll skip over some of the rhetoric and the criticism of Clinton and Obama, which…

September 13, 2018

Military Operations
CFR Welcomes Visiting Fellows

September 11, 2018—The Council on Foreign Relations (CFR) welcomes the 2018–19 visiting fellows to the David Rockefeller Studies Program. Selected fellows have the opportunity to broaden their perspe…

July 16, 2015

Elections and Voting
Campaign 2016: Governor Scott Walker, GOP Presidential Candidate

Twelve Americans have become president without having earned a college degree. (Two of them are on Mount Rushmore.) Wisconsin Governor Scott Walker, who studied at Marquette University but left befor…

Wisconsin Governor Scott Walker formally announces his campaign for the 2016 Republican presidential nomination during a kickoff rally in Waukesha, Wisconsin, July 13, 2015.

June 15, 2018

Taiwan
China-Taiwan Relations

Differences over Taiwan’s status fuel tensions between the island and mainland, yet cross-strait economic ties continue to deepen. 

Military honor guards lower the Taiwanese flag, at Liberty Square, in Taipei, Taiwan.

May 8, 2018

China
Disaggregating the Fall in China's Current Account Surplus Since 2007

China's current account surplus is almost certainly about $100 billion larger than officially reported, and the falling current account surplus masks a persistent manufacturing surplus.

Disaggregating the Fall in China's Current Account Surplus Since 2007

April 24, 2018

International Economic Policy
Asia's Central Banks and Sovereign Funds Are Back

East Asia (China, Japan, and the NIEs) ran a $600 billion current account surplus in 2017. "Official" (central bank and sovereign fund) outflows accounted for about half of that. Asia's foreign excha…

Asia's Central Banks and Sovereign Funds Are Back

March 9, 2018

China
China’s Own Goal: An Unnecessary and Counterproductive (on-budget) Fiscal Consolidation

China seems to be aiming to cut its (central government) fiscal deficit to around 2.6 percent of GDP. That’s the new target—down from a three percent target last year (UBS think the actual deficit in…

China’s Own Goal: An Unnecessary and Counterproductive (on-budget) Fiscal Consolidation

June 5, 2005

Emerging Markets
Argentina completed its bond exchange (and my paper with Anna Gelpern on Argentina is now available too)

Some things do change. For the first time in a long time, Argentina is paying its international bonds. It completed its bond exchange last week, delivered the new bonds to its investors, and made t…

November 14, 2018

Economics
U.S. Economic Security and the Future of Work

Council on Foreign Relations 11/14 Academic Conference Call on U.S. economic security and the future of the American workforce.