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January 6, 2005

Financial Markets
Already Conventional Wisdom?

It seems like Asian central bank support for the Treasury market -- and other fixed income markets -- has become part of the conventional wisdom recently. We know Bill Gross has long worried about t…

September 29, 2005

Financial Markets
Has the IMF been asleep at the wheel, and ignored surveillance of exchange rates?

Tim Adams - the new US Treasury Under Secretary - thinks so: IMF Article IV requires that the IMF exercise "firm surveillance" over the exchange rate policies of members. After the collapse of the Br…

January 30, 2007

Financial Markets
Hey big spender (or why conservation is perhaps a bit more than just a personal virtue) ….

In the past, I have noted that oil exporters saved rather than spent the windfall from the surge in oil prices.    The IMF calculated that the average oil producer in the Middle East “spent” 30% and …


September 17, 2007

Financial Markets
The first true twenty-first century financial crisis?

Larry Summers – picking up on a phrase perhaps first used by Michel Camdessus -- liked to call the Mexican crisis the first financial crisis of the 21st century.   Mexico’s decision to exhaust its re…

November 19, 2008

Budget, Debt, and Deficits
There is now little doubt ...

This is the biggest financial crisis since the depression: The stock market is way down (graph from Calculated Risk). And, as we all know, home prices are also down. Doubts remain about the health …

January 21, 2011

Friday File: Obama 2.0

President Barack Obama and his wife Michelle examine the bible used for his swearing-in ceremony in Washington. (Poll New/courtesy Reuters) Above the Fold. President Obama has reached the halfway po…

U.S. President Barack Obama and his wife Michelle examine the bible used for his swearing-in ceremony in Washington

February 22, 2011

Fossil Fuels
Managing Oil Crises

In an essay in tomorrow’s FT, I argue that ongoing oil market turmoil ought to remind us that energy policy shouldn’t just be about long-term strategy; short-term dynamics matter too. Most advocates …

January 4, 2011

Sub-Saharan Africa
Obama in Africa

U.S. President Barack Obama and first lady Michelle Obama wave from Air Force One at the airport in Accra, July 11, 2009. (Jason Reed/courtesy Reuters) According to AP, the White House is considerin…

Obama in Africa

June 17, 2011

Politics and Government
Diplomacy and Africa

U.S. Secretary of State Hillary Clinton addresses the 53-member African Union at the AU's headquarters in Ethiopia's capital Addis Ababa, June 13, 2011. (Courtesy Reuters/Stringer) There see…

Diplomacy and Africa

March 21, 2011

Politics and Government
Campaign 2012: Hello Tim Pawlenty, GOP Presidential Candidate

Tim Pawlenty speaks during the Iowa Faith and Freedom Coalition's Spring Event on March 8, 2011. (Brian Frank/courtesy Reuters) Only one Big Ten university has ever graduated an American preside…

Tim Pawlenty speaks during the Iowa Faith & Freedom Coalition’s Spring Event at Point of Grace Church in Waukee, Iowa on March 8, 2011.