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May 26, 2009

Monetary Policy
2007 all over again? The dollar, central bank reserves and US bonds

Lower interest rates in the US than in much of Europe and most emerging economies Slower expected growth in the US than in the emerging world Rising oil prices Falling dollar. That describes the …

dollar-euro-and-fx-reserves-4

January 5, 2005

Budget, Debt, and Deficits
Unraveling the mysteries of the Treasury yield curve

If you cannot tell from the title, this is going to be a rather wonky post. Nouriel and I are working on a paper on "Bretton Woods Two," so I have been delving into some data on the Treasury market. …

December 20, 2012

United States
Middle East Matters’ Ten Most Significant Developments of 2012

Here it is: the second annual Middle East Matters year-end roundup listing the ten most significant Middle East developments of 2012. Since this blog focuses on the interplay between U.S. policy and …

A protester covers his face as he stands in front of tear gas during clashes with riot police along a road that leads to the U.S. embassy, near Tahrir Square in Cairo on September 15, 2012 (Dalsh/Courtesy Reuters).

December 2, 2006

Financial Markets
Good reading on the dollar’s recent move

I have on occasion been critical of the Economist’s coverage, particularly its emphasis on Chinese consumption growth rather than Chinese export growth.  But I should also give credit where credit is…

December 11, 2004

United States
The Global Test

My harping on the fact that US economic policy now has to pass a global test is not simply meant to score rhetorical points. I suspect that the same folks who financed the expansion of the US curren…