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August 20, 2007

Financial Markets
Reverse engineering financial engineering

The process that turned subprime mortgages into triple AAA rated securities is, by now, pretty well known.   Rich Bookstaber (his blog is here) describes the process nicely.Here's the recipe for a CD…

November 30, 2007

Financial Markets
Is the dollar’s decline over?

The Economist put the dollar on its cover this week.   The Economist’s cover is usually a lagging, not a leading, indicator:  it signals that the dollar already has fallen significantly, and sometime…

September 8, 2015

Fossil Fuels
Now What’s That Got to Do with the Price of Oil?

This post was co-written with Peyton Kliefoth, an economics major at Northwestern University and research intern at the Council. Over the weekend, I published a piece in Fortune Magazine explainin…

Stateline

December 11, 2004

United States
The Global Test

My harping on the fact that US economic policy now has to pass a global test is not simply meant to score rhetorical points. I suspect that the same folks who financed the expansion of the US curren…

December 18, 2015

Economics
Budget Deal Oil-for-Renewables Trade Would Substantially Reduce Carbon Emissions

This post is coauthored by Varun Sivaram and Michael Levi. Congress is set to vote on a budget deal that would permanently end the long-standing ban on crude oil exports in exchange for temporary ex…

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