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 9, 2006
United States
Not quite as bad as I expected (the April trade numbers)
A $63.4b trade deficit isn't small. But it is a bit smaller than the average $65b deficit of the fourth quarter. And, in all honesty, I expected a bit higher number.The dog that didn't bark: oilO…
September 7, 2006
China
Tyler Cowen apparently did not read my China testimony! The RMB’s value does influence trade flows
The New York Times’ conservative columnists certainly know how to get my blood boiling. David Brooks, among other things, apparently thinks the key to a hedge fund salary is good people skills – not…
August 24, 2007
Monetary Policy
Falling central bank Treasury holdings at the New York Fed
The recent custodial data from the Fed leaves no doubt that foreign central banks have dramatically reduced their Treasury holdings in August. Thanks to Russ Winter, I realized that the New York F…
March 17, 2008
World Growth Can No Longer Explain Soaring Commodity Prices.
Jeffrey FrankelNote: This post is from Jeffrey Frankel not Brad Setser. It is hard to remember now, but mineral and agricultural commodities were considered passé less than ten years ago. Anyone who …
March 18, 2008
Falling Interest Rates Explain Rising Commodity Prices
Jeffrey FrankelNote: this post is from Jeffrey Frankel filling in for Brad Setser If strong economic growth is not the explanation for the large increases since 2001 in prices of virtually all mine…
