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August 13, 2011

Elections and Voting
Campaign 2012: Hello Rick Perry, GOP Presidential Candidate

Texas Governor Rick Perry delivers remarks at the Conservative Political Action Conference in Washington on February 11, 2011. (Jonathan Ernst/courtesy Reuters)  For seventeen of the past forty-eigh…

Texas Governor Rick Perry delivers remarks at the Conservative Political Action conference (CPAC) in Washington, February 11, 2011. (Jonathan Ernst/courtesy Reuters)

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.

June 16, 2009

Monetary Policy
Read Brender and Pisani’s “Globalised finance and its collapse”

I highly recommend Anton Brender and Florence Pisani’s recent monograph, "Globalized finance and its collapse." In a lot of ways, it is something that I wish I could have written. I don’t agree with …

December 8, 2014

Global
Ten Elections to Watch in 2015

Millions of people around the world went to the polls this year. Indians and Indonesians elected new leaders, while Brazilians and South Africans voted to keep the ones they had. Turks elevated their…

Goodluck-Jonathan

January 24, 2008

Financial Markets
Property without power?

Diplomatic sovereign wealth funds argue, more or less, that they have no desire for power - so there should be no restrictions on their ability to accumulate property. Those hoping for a cut of the S…

October 20, 2015

You Might Have Missed: Recent Academic Journal Findings III

This is the third blog post in this series. The previous two were published in February and July, and highlight earlier academic findings. Elizabeth N. Saunders, “War and the Inner Circle: Democrat…

Library_edited

June 27, 2006

United States
A soft landing means sustained $1 trillion plus (7% of GDP) current account deficits …

Over the past few years, US imports have grown faster than US exports.  The result -- to no one surprise: an expanding trade deficit.    Because of the gap between imports and exports, US exports nee…

soft_landind_1

April 24, 2006

RGE pays my salary, not the IIE — and I am not exactly a true believer in dark matter

Patrick Smith seems to be based in Hong Kong, so I guess I can forgive him for thinking I work for the IIE (the Institute for International Economics).  The IIE is a great place, but they , alas, don…

September 24, 2012

Defense and Security
Ask the Experts: Do Targeted Killings Work?

The United States did not always carry out targeted killings (or assassinations) of perceived national security threats. To the contrary, the norm against targeted killings outside of battlefield set…

Armed drone Afghanistan

January 8, 2008

Monetary Policy
The end of the United States exorbitant privilege?

There is a lot of angst right now about the dollar, and specifically about the dollar’s ability to remain the leading global reserve currency. Look at the FT leader at the end of 2007, or Daniel…

cofer_q3_dollar_flows.jpg