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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 28, 2019

Israel
The Golan Heights: What’s at Stake With Trump’s Recognition

President Trump’s reversal of half-century-old U.S. policy will in practice change little in the strategic territory occupied by Israel, but it could have far-reaching diplomatic reverberations.

Israeli troops train in the Golan Heights.

March 12, 2019

United Kingdom
The Northern Ireland Peace Process

The Good Friday Agreement has dampened sectarian tensions and brought stability to Northern Ireland since 1998, but Brexit negotiations and local political paralysis are throwing the region’s hard-wo…

Northern Ireland

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 …

March 8, 2019

United States
The U.S. Trade Deficit: How Much Does It Matter?

President Trump has made reducing the U.S. trade deficit a priority, blaming trade deals like NAFTA, but economists disagree over how policymakers should respond.

Chinese steel factory

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 …