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February 28, 2017

Sub-Saharan Africa
President Muhammadu Buhari’s Health

The Nigerian media continues to be transfixed by the question of President Buhari’s health, with rumor and innuendo flying, including the “fake news” of his death. Buhari went to London on January 19…

Buhari_Illness

February 10, 2017

The Future of Lava Jato and Brazil’s Reform Agenda

The tragic January airplane crash that killed Justice Teori Zavascki, a member of Brazil’s highest court (the Supremo Tribunal Federal, STF), has given President Michel Temer an opportunity to seize …

Brazil's President Michel Temer attends the inauguration ceremony of new Ministers, at the Planalto Palace in Brasilia, Brazil, February 3, 2017 (Reuters/Adriano Machado).

August 26, 2013

International Organizations
Jackson Hole: Future Worries

This year’s Jackson Hole Federal Reserve conference was a decidedly low-key affair given Ben Bernanke’s absence (and Janet Yellen’s successful effort to not make news). Nonetheless, there look to hav…

May 20, 2013

Learning About Growth from Austerity

MILAN – In a recent set of studies, Carmen Reinhart and Kenneth Rogoff used a vast array of historical data to show that the accumulation of high levels of public (and private) debt relative to GDP h…

U.S. Congressman Paul Ryan (R-WI) speaks in front of the "national debt clock" in New Hampshire, September 2012 (Brian Snyder/Courtesy Reuters.)

May 2, 2013

Europe
Rogoff and Reinhart on Austerity

Ken Rogoff and Carmen Reinhart (R&R) have a good piece in the Financial Times today, "Austerity is not the only answer to a debt problem." This, along with other pieces (for example, here and here), …

April 30, 2013

Fiscal Revisionism

Following the controversy sparked by errors found in Harvard professors Carmen Reinhart and Ken Rogoff’s This Time is Different that has played a central role in supporting austerity policies in the …

April 29, 2013

Europe
Fiscal Revisionism

How does the attack on the two academic’s work change the landscape for macro policy, if at all? The recent challenge to a key finding of Carmen Reinhart and Ken Rogoff’s This Time Is Different (R&R…

falling-off-cliff

April 19, 2013

Immigration and Migration
Mexico’s Transformation, and My Own

In anticipation of my talk next Tuesday in Los Angeles, I wrote the following piece for Zocalo’s Public Square: As my plane touched down at Benito Juárez airport in early 1994, I didn’t know that it…

Zocalo - LAM

December 19, 2012

Fossil Fuels
Oil Boom... And Risk Management

A story on NPR yesterday morning, “The Downsides of Living in an Oil Boomtown,” had an interesting portrait of the economic effects of high oil prices and booming oil production on Williston, North D…

January 9, 2008

Financial Markets
Read Rogoff and Reinhart

Let me second Martin Wolf. Ken Rogoff and Carmen Reinhart’s recent paper is brilliant. They also have mastered the art of saying a lot in a little space. There is no excuse not to read it in full. Ro…