27 Results for:

March 9, 2006

United States
Mike Mandel, Ricardo Hausmann and Federico Sturzenegger better be right (January trade data)

I sure hope that the US is exporting a lot of "intangibles" that don't show up in the trade data, and generating lots more intangible dark matter to offset all the external debt that the US is ta…

chart

July 30, 2018

International Economic Policy
Gone Fishing

I am planning to take the next few weeks off—no blogging. That at least is the plan, barring a major financial surprise. It thus seems a natural time to look back at the topics I have covered in t…

February 2, 2017

United States
Dark Matter. Soon To Be Revealed?

The debate around the House Republicans’ proposal for a border adjusted (destination-based cash flow) tax will, I think, force an important debate about the impact of corporate tax strategies on glob…

fdi-income-v-debt-payments-gdp-share

January 3, 2013

Americas
What to Watch in 2013: Latin America’s Presidential Elections

Last year Mexico, Venezuela, and the Dominican Republic held presidential elections, leading to some of the region’s biggest news stories of the year: the PRI’s return to power and the strong second …

Elections in 2013 - LAM

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…

Italian prime minister Matteo Renzi arrives to lead a news conference at Chigi palace in Rome. (Remo Casilli/Courtesy Reuters)

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 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…

official_flows_1_q2_07

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…

June 26, 2009

United States
The 2008 US net international investment position: Without valuation gains, ongoing borrowing pushes the US deeper into the red

For a long time, large US trade and current account deficits didn’t push up the total amount the United States owed to the world, at least not if the market value of US investment abroad was netted a…

niip-08-1

March 30, 2006

United States
Read Barry Eichengreen

Eichengreen provides the best summary I have seen of competing views on the sustainability of large US trade deficits, along with the impact of sustained trade deficts on US external debt and the inv…