22 Results for:

October 18, 2006

Monetary Policy
The impact of central bank demand on US bond yields.

In late 2004 and early 2005, Nouriel and I estimated that the actions of foreign central banks might be holding US yields down by as much as 200 bp. That estimate found its way into Pam Woodall’s Eco…

October 12, 2006

Europe
Is France the US of the Eurozone — at least when it comes to housing?

I have --on occasion -- pushed against the standard economic narrative on the US and Europe, one that contrasts the "flexible" US with "rigid" Europe.   It has a grain of truth, but only a grain.   T…

french_housing_1

February 21, 2006

Emerging Markets
Frederick Kempe of the Wall Street Journal gets an awful lot of things wrong

As, I suspect, does Joseph Quinlan of the Bank of America- the source of much of Kempe's analysis.   Kempe's core argument: consumers in emerging markets are driving global demand.   His eviden…

September 16, 2005

United States
Has the US outsourced creative thinking about external adjustment to … France?

Many have noted that President Bush likes French-style vacations.  Not so many have noticed that French economists have been at the forefront of thinking about the US current account deficit, and the…

Has the US outsourced creative thinking about external adjustment to … France?

January 13, 2012

United States
Middle East Matters This Week: Monitor Meltdown

Significant Middle East Developments Syria. President Bashar al-Assad gave a rare and defiant speech on Tuesday in which he once again blamed foreign conspirators, lashed out against other Arab stat…

This still image taken from video uploaded to a social media website on December 28, 2011 shows Arab League monitors speak to the camera after seeing the body of a dead boy claimed to have been killed by Syrian security forces in what is purportedly Homs (Courtesy Reuters).