Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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June 15, 2011
Fossil Fuels
Why Volatile Oil Prices Are a Distinct Problem
I’m planning to write more about what Bob McNally and I have to say in our new article in Foreign Affairs. I’m going to start, though, with a response from both of us to some misunderstandings in Ste…
April 22, 2020
Trade
When the Services Trade Data Tells You More About Tax Avoidance Than About Actual Trade…
In theory, there is a strong case for trade in services—specialization raises the productivity of all. Yet the actual data on U.S. trade in services tells a less appealing story. Far too much trad…
August 22, 2011
China
U.S.-China Basketball Brawl Becomes an Inappropriate Metaphor
Players from American Georgetown University men's basketball team and China's Bayi men's basketball team fight during a basketball friendly game at the Beijing Olympic Basketball Arena on August 18, …
May 8, 2013
United States
The Shrinking U.S. Labor Force and Fed Policy
Does the large drop in the U.S. labor force participation rate justify a monetary policy that is easier, for longer, than suggested by our models or the Fed’s current description of its policy? Chri…
August 2, 2010
China
China’s Currency Head Fake
In the run-up to the June G20 summit in Toronto, China came under significant U.S. pressure to loosen its currency peg to the dollar. “The administration constructively set the G20 meeting as an im…
