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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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March 26, 2014
Diplomacy and International Institutions
Hello (Ciao), Matteo Renzi: Prime Minister of Italy
When President Barack Obama stops in Rome tomorrow he will be meeting with a politician who can match his own meteoric rise to power: Italian prime minister Matteo Renzi. Last month the thirty-nine-y…
September 14, 2007
United States
The q2 US current account data
The q2 US current account data poses two puzzles. The first is the sharp drop off in official inflows in q2. They fell from $150b in q1 to $70b in q2. That fall was, incidentally, offset – mechan…
October 22, 2006
Monetary Policy
Yet more evidence China has far more reserves than it needs … courtesy of Olivier Jeanne and Romain Ranciere of the IMF
Francophone economist working in the US seem to be on something of a roll. Olivier Blanchard (with Giavazzi and Sa) has developed an interesting model for US current account adjustment. Helene Rey…
January 3, 2006
United States
Dark matter watch
Ok, not real dark matter. Hausmann and Sturzenegger defined "dark matter" as the difference between the assets (or liabilities) implied by US "income" payments, and the United States net internatio…
March 14, 2006
United States
The 2005 (and 2006) current account deficit
The 2005 current account deficit: $805 billion. or 6.4% of US GDP That is a bit smaller than I expected. The q3 deficit was revised down. Reinsurance payments were higher than initially foreca…