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May 7, 2006

United States
Searching for the origins of dark matter

Hausmann and Sturzenegger, if nothing else, have spurred a lot of work with a catchy title and a bit of clever accounting. We now know that:Dark matter stems more from low (reported) returns on forei…

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November 20, 2004

United States
Large Players in Large Markets

One of the world’s ironies is that even as John Snow putters on about how currency values should be set by market forces, the market -- or at least the private market -- is now playing a comparativel…

January 7, 2007

Monetary Policy
Dollar and euros — not dollars or euros. And more dollars than euros in 2006

I have every incentive in the world to find evidence that central banks have diversified away from the dollar.   I like being right as much as the next guy.   Back in early 2005, Nouriel and I -- bui…

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January 18, 2005

Financial Markets
The November TIC data: Matching debtor and creditor side data

The November TIC data has been out since this morning. The TIC data provides information about the most important way the US is financing its ongoing current account deficit: selling long-term secu…

August 26, 2019

Election 2020
Meet Bernie Sanders, Democratic Presidential Candidate

Update: Bernie Sanders announced on April 8, 2020, that he was suspending his campaign.  Is the second time the charm? Vermont Senator Bernie Sanders certainly hopes so. Back in 2016, the self-pro…

Bernie Sanders