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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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May 7, 2012
Defense and Security
Hello, François Hollande: President of France
Streaks are made to be broken. After seventeen years on the outside looking in, a Socialist Party candidate has finally returned to the French presidency. François Hollande defeated Nicolas Sarkozy b…
January 13, 2006
United States
On the origins of dark matter
Stephen "Current accounts almost always don't matter" Jen is intrigued by Ricardo Hausmann and Fredrico Struzenegger's discovery of dark matter. Lots of others are too. Michael Mandel for one. Se…
December 13, 2007
United States
Richard Iley on the US current account deficit
Richard IleyBrad Setser: Richard Iley of BNP Paribas – the author, with Mervyn Lewis, of a new book on the US current account deficit --- doesn’t see the world quite the way I do. I put a l…
December 18, 2007
United States
Yes, Virginia, the world’s central banks are financing most of the US current account deficit (my rebuttal to Richard Iley)
Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” bal…
January 26, 2005
Financial Markets
China reads the Economist. Is the Renminbi undervalued?
While China’s delegation to Davos seems a bit less than enamored with the dollar, the People’s Bank of China seems have read last week’s Economist, and concluded that there is no need to change the …