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December 1, 2021

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

July 19, 2022

United States
A Midterm Election Update

Three and a half months out from the November elections, Democrats’ prospects have gotten darker.

People carrying yellow and blue umbrellas walk in the rain outside the U.S. Capitol Building.

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…

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).

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.

November 3, 2014

Europe and Eurasia
The ECB Fails to Stress Banks Over the One Critical Variable It Controls: Inflation

Relentlessly falling inflation is bad news for Eurozone banks.  It increases the real (inflation-adjusted) value of borrower debt and the real cost of servicing that debt.  It causes loan defaults…

The ECB Fails to Stress Banks Over the One Critical Variable It Controls: Inflation

September 20, 2012

Monetary Policy
Is Bernanke Right on QE3 and the Mortgage Market?

Fed Chairman Ben Bernanke defended QE3 at his September 13 press conference by arguing that it would lower mortgage rates and increase home prices.  Over 80% of U.S. household debt is mortgage deb…

Is Bernanke Right on QE3 and the Mortgage Market?

May 26, 2021

United States
Conference on Diversity in International Affairs 2021

The Conference on Diversity in International Affairs brings together college and graduate students and young professionals from diverse backgrounds for plenaries on foreign policy topics, seminars on…

Row of students at a conference

July 8, 2009

Europe and Eurasia
Unemployment

Until the economic crisis, many praised the U.S. model of flexible labor markets for promoting faster growth and low unemployment. But flexibility has a cost: the United States is leading the G7 in…

200976flexibleandfired20

March 12, 2015

Brazil
Why Is Walmart Raising Wages?

On February 19, Walmart announced that it was raising its minimum starting wage to $9 an hour.  Since Walmart is famous for its ruthless cost management, this appeared to be a significant sign of …

Why Is Walmart Raising Wages?