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February 16, 2024

United Kingdom
Moving Past the Troubles: The Future of Northern Ireland Peace

The Good Friday Agreement has dampened sectarian conflict and brought stability to Northern Ireland, but the peace deal has been challenged by Brexit-related border tensions that have thrown the regi…

A peace mural adorns a building in a loyalist neighborhood of Belfast

October 22, 2006

Monetary Policy
Yet more evidence China has far more reserves than it needs … courtesy of Olivier Jeanne and Romain Ranciere of the IMF

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…

September 12, 2022

United States
Heading Off a Future Constitutional Calamity

The Electoral Count Reform Act offers the opportunity to address a potentially existential national security threat with a relatively small number of keystrokes revising the U.S. Code—but time is sho…

Manchin and Collins

June 15, 2023

United States
The History and Future of the Federal Reserve’s 2 Percent Target Rate of Inflation

The Federal Reserve’s 2 percent target rate of inflation is not strictly empirically derived. Should it modify this target moving forward?

Chair of the Board of Governors of the Federal Reserve Jerome H. Powell participates in a panel during the Central Bank Symposium in Stockholm, Sweden.