Francophone economist working in the US seem to be on something of a roll.   Olivier Blanchard (with Giavazzi and Sa) has developed an interesting model for US current account adjustment.  Helene Rey…

I have written extensively about China and Chinese reserve growth recently. So I won’t use Tuesday’s Wall Street Journal article as the spring board for another long post.  Just a sort of long post.T…

I disagree with Michael Mandel on the US current account deficit - I think it is a concern, he doesn't.  We also disagree on the US fiscal deficit.   He doesn't think it is a big problem; I disagree…

See Olivier Blanchard and Francesco Giavazzi's latest paper on China.   Blanchard (last seen on these pages back in September) and Giavazzi have laid out a comprehensive economic program for China, o…

Apologies for being one day late discussing a Peaple/ Teitelbaum article in Monday's Wall Street Journal called "UK business investment lags."  My title is intentionally a bit overstated, but I was s…