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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July 5, 2012
Military Operations
How the Obama Administration Justifies Targeted Killings
Despite almost ten years of operations and nearly four hundred airstrikes that killed an estimated three thousand people (both militants and civilians), both the Bush and Obama administrations have p…
December 13, 2007
United States
Richard Iley on the US current account deficit
Richard IleyBrad Setser: Richard Iley of BNP Paribas – the author, with Mervyn Lewis, of a new book on the US current account deficit --- doesn’t see the world quite the way I do. I put a l…
December 18, 2007
United States
Yes, Virginia, the world’s central banks are financing most of the US current account deficit (my rebuttal to Richard Iley)
Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” bal…
February 25, 2013
Politics and Government
Hello, Park Geun-hye: President of South Korea
Glass ceilings are made to be broken. And today Park Geun-hye smashed one when she became the first woman to be sworn in as president of South Korea. Park defeated her left-of-center opponent, Moon J…
January 26, 2005
Financial Markets
China reads the Economist. Is the Renminbi undervalued?
While China’s delegation to Davos seems a bit less than enamored with the dollar, the People’s Bank of China seems have read last week’s Economist, and concluded that there is no need to change the …