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June 10, 2013

Defense and Security
TWE Remembers: JFK’s "Strategy of Peace" Speech

Commencement addresses have figured prominently in American foreign policy. Whether it was FDR ending the pretense that the United States would remain rigidly neutral in World War II in a speech at t…

President John F. Kennedy delivers the commencement address at American University on June 10, 1963 (Cecil Stoughton. White House Photographs. John F. Kennedy Presidential Library and Museum, Boston).

January 30, 2006

Emerging Markets
It is hard to bet on curve flattening when the curve is already flat

Or spread compression when spreads have already compressed. As David Altig kindly noted, I was quoted in Clint Riley's Wall Street Journal story about the impact of a flat yield curve on bank earning…

July 15, 2014

Israel
On the Death of a Friend in Israel

On the Death of a Friend in Israel My friend Elhanan Harlev died on July 1st after a long illness. We had an odd friendship. He was an Israeli by way of Germany and Argentina. I am a kid from Long I…

Elhanan_Cropped FINAL

January 6, 2015

Five Reasons for Slow Growth

A remarkable pattern has emerged since the 2008 global financial crisis: Governments, central banks, and international financial institutions have consistently had to revise their growth forecasts do…

Storm clouds approach the U.S. Capitol dome in Washington (Gary Cameron /Courtesy Reuters).

July 18, 2019

Development
Development Turns Competitive With Mixed Results

A vast gulf remains between development financing and development goals. International competition could help bridge that gap, but has produced mixed results to date.

Asian Infrastructure Investment Bank President Jin Liqun at the second Belt and Road Forum for International Cooperation in Beijing, China, on April 25, 2019.