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December 4, 2019

Election 2020
The President's Inbox: Should the United States Pursue the Israeli-Palestinian Two-State Solution?

Each week between now and the Iowa caucuses, I’m talking with two experts with differing views on how the United States should handle a foreign policy challenge it faces. These special episodes are p…

The Palestinian village of Shuafa is bordered by the Israeli West Bank barrier.

September 20, 2019

Trade
Why Global Trade Imbalances Could Get Worse Before They Get Better…

Transatlantic imbalances reflect Europe's demand deficit, which should be easy to solve (but isn't). Transpacific imbalances haven't disappeared. And are likely harder to solve, as they stem from an …

Banco De Espana Conference on Global Imbalances and Capital Flows in the Era of New Technologies

August 20, 2019

United States
Back-to-School Reading Special

Every year CFR.org editor Bob McMahon and I record a summer reading episode of CFR’s “The World Next Week” podcast. We usually do it in June as we entertain visions of leisurely summer days yet to co…

Books

May 24, 2006

Monetary Policy
Martin Feldstein is right

Felstein has argued that more “competitive” dollar would contribute to reducing the US trade deficit, and at least help to slow the rise in the US current account deficit.  I agree – though I would t…

feldstein1

March 11, 2019

Cybersecurity
Chinese Hackers are Stealing U.S. Defense Secrets: Here is How to Stop Them

The United States clearly recognizes that it can do more to counter IP theft of national security assets.

A Chinese woman rides past Beijing Intermediate People's Court in Beijing July 24, 2001.

October 4, 2006

United States
Martin Wolf: The US had no choice …

Stephen Roach thinks that China’s exchange rate policy plays (almost) no role in an unbalanced world; it all stems from the Bush Administration’s loose fiscal and the Fed’s loose monetary policy.  St…

January 9, 2006

United States
Martin Feldstein joins the dollar doomsday cult

Stephen Kirchner take note.  Alan Greenspan, too.  Dr. Feldstein thinks central banks -- and oil sheiks -- are behind a lot of private flows into the US.  And he doesn't seem convinced that this …

June 28, 2005

United States
More wisdom from Martin Wolf

Having laid out the problem on Monday, Martin Wolf offers his solutions in tomorrow’s Financial Times. He presents three answers to the question "what is to be done"One answer is: nothing. Let each c…

June 27, 2005

China
Martin Wolf makes sense (the Economist does not)

Martin Wolf’s FT column makes a number of crucial points:1) Asia has let undervalued exchange rates (and reserve accumulation) substitute for policies to promote domestic demand. The (growing) back…

December 22, 2004

One more point on Martin Wolf

It is a simple point, but an important one. Wolf says the United States would be fine if it reduced its current account deficit from 6% of GDP to 3% of GDP. External debt to GDP then stabilizes at …