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May 12, 2005

United States
The sustainability of the current account deficit, once again

The market seems to have concluded that there is no need to put any pressure on the US to reduce its large external deficits. The dollar is up, at least against the euro. So is the renminbi for th…

March 27, 2006

United States
Good thing Michael Mandel read my 2004 paper, not my 2005 paper -

With the 2004 paper on US external sustainability, there is at least some possibility that Nouriel's and my dire forecasts will prove to be right.   The core argument of that paper is that the contin…

January 7, 2007

Monetary Policy
Dollar and euros — not dollars or euros. And more dollars than euros in 2006

I have every incentive in the world to find evidence that central banks have diversified away from the dollar.   I like being right as much as the next guy.   Back in early 2005, Nouriel and I -- bui…

dollar_euro_reserves_1

June 15, 2010

Energy and Climate Policy
Simulating the Effects of Kerry-Lieberman on Energy Security

A couple weeks ago, I wrote about the Chamber of Commerce’s new Energy Security Risk Index. At the end of the post, I asked a question: “It will be interesting… to see how various energy and climate…

Simulating the Effects of Kerry-Lieberman on Energy Security

November 12, 2007

Financial Markets
What a week: a Brazilian supermodel, the Vice-Chairman of the People’s Congress and the French President all commented on the dollar

Note: This is Brad Setser, not Michael Pettis.  Mr. Pettis will be doing most of the heavy lifting for the remainder of this week as well.  Last week was rather interesting.  Gisele Bundchen was all…