May 24, 2006
Monetary PolicyFelstein 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…
March 28, 2019
IsraelPresident 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.
March 12, 2019
United KingdomThe 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…
March 11, 2019
CybersecurityThe United States clearly recognizes that it can do more to counter IP theft of national security assets.
October 4, 2006
United StatesStephen 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 StatesStephen 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 StatesPresident Trump has made reducing the U.S. trade deficit a priority, blaming trade deals like NAFTA, but economists disagree over how policymakers should respond.
June 28, 2005
United StatesHaving 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
ChinaMartin 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
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 …