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October 17, 2011

Monetary Policy
Can Monetary Policy Mitigate The Effects of Oil Shocks? A Follow-Up

I wrote a week ago about an old paper by Bernanke, Gertler, and Watson (BGW) that attributed much of the impact of past oil price shocks to the response of monetary policy. Jim Hamilton followed up t…

October 17, 2013

The World Next Week: Congress Averts a Debt Crisis, Indian Prime Minister Singh Visits Beijing, and Pakistani Prime Minister Sharif Visits Washington

The World Next Week podcast is up. Bob McMahon and I discussed the next steps for Congress after avoiding the debt ceiling, Indian prime minister Manmohan Singh’s visit to China, and the upcoming mee…

Senator Charles Schumer (D-NY) and Senate Majority Leader Harry Reid (D-NV) appear at a news conference after passage of a stopgap budget and debt legislation. (Jonathan Ernst/Courtesy Reuters).

March 21, 2014

The World Next Week: Obama Visits The Hague, Brussels, Rome, and Riyadh

The World Next Week podcast is up. Bob McMahon and I discussed Obama’s upcoming international trip. The president will be stopping in The Hague, where he will attend the Nuclear Security Summit and m…

U.S. president Barack Obama boards Air Force One.  (Claudio Bresciani/Scanpix Sweden/Courtesy Reuters)

June 30, 2005

Capital Flows
CNOOC (once again)

The CNOOC bid presumably is motivated by two things. One, Beijing has plenty of cash, and already holds more Treasuries than it wants, so it wants to diversify its portfolio. As I argued earlier, C…

October 3, 2013

The World Next Week: The Debt Ceiling Looms, Obama Attends APEC and ASEAN Summits (Maybe)

The World Next Week podcast is up. Bob McMahon and I discussed the ongoing government shutdown and the approaching deadline for the debt ceiling, the APEC Summit in Bali, and the ASEAN summit in Brun…

A corridor is closed to foot traffic at the U.S. Capitol (Jonathan Ernst/Courtesy Reuters).