The policy makers gathered in Washington this weekend listened to Martin Wolf's advice.  And skimmed his powerpoints.   Everyone with authority in the global economy read Gian Maria Milesi-Ferretti's…

I was interviewed by Adam Davidson of NPR about the Treasury’s forthcoming foreign exchange report (to be released at 4 pm today). You can hear the results here.    Adam Davidson also interviewed the…

I had the opportunity to testify before the US-China Economic and Security Review Commission on Tuesday – on a panel with C. Fred Bergsten and Professor Ronald McKinnon of Stanford.   It is q…

Those are the worlds Robert Rubin used to describe the US current account deficit. They also are words that could easily be used to described China’s current account surplus.  Nick Lardy thin…

Fred Bergsten has long advocated in favor of a bit more exchange rate coordination – both to limit volatility and to try to avoid large misalignments among the major currencies.   Right now, the most…