November 1, 2001
Terrorism and CounterterrorismIn the aftermath of the terrorist attacks on September 11, 2001, one question has been on the mind of every American: “How did this happen?” PublicAffairs and Foreign Affairs came together to publish…
July 2, 2003
Palestinian TerritoriesJudith Kipper, a prominent authority on Middle East affairs, says that President Bush’s apparent determination to push for peace between Israel and the Palestinians has strongly increased the prospe…
June 18, 2003
AfghanistanThe United States successfully toppled the Taliban in the Afghan war, but it is in danger of losing the peace following the conclusion of that war. Without greater international support for the trans…
December 11, 2004
United StatesMy 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…
November 30, 2004
Emerging MarketsThat does not necessarily mean the Turkish lira is cheap. Right now, given Turkey’s almost US scale current account deficit (close to 5% of GDP), the lira probably is a bit overvalued. Turkey is go…
December 7, 2004
United StatesOr more precisely, one of this year’s Nobel Prize winners in Economics seems to disagree with parts of the analysis Nouriel and I have been putting forward. It seems like Nouriel and I don’t underst…
April 29, 2005
Emerging MarketsNouriel and I put pen to paper and laid out our take on China. Our paper reflects on the trip we took there last month, along with the reading we did to prepare for the trip. There is nothing new her…
November 24, 2004
Financial MarketsJust a reminder of what falling dollar currently means. Dollar depreciation is clearly part of what is needed to bring the US trade deficit down to a more sustainable level. But what is the case fo…
May 22, 2005
Financial MarketsThe RMB has appreciated by about 7% against one of China’s major trading partners this year. Not the US, obviously. But that doesn’t mean that China is not exposed to moves in the dollar-euro, or t…
March 9, 2005
Emerging MarketsDeLong is clearly working his way through Paul Blustein’s book on Argentina. Martin Wolf has a column on Argentina’s restructuring in yesterday’s Financial Times, which I quite liked, for rather obv…