9 Results for:

January 9, 2014

Budget, Debt, and Deficits
Five Policy Issues for 2014

Earlier this week I highlighted five issues that could prove particularly thorny for international economic policymakers this year.  They were: – A further sharp depreciation of the yen, in a scenar…

August 18, 2016

United States
The Absence of Foreign Demand for Treasuries in the TIC data Is a Bit Misleading

A common explanation for low Treasury yields is that low rates outside the United States have piled into the U.S. market, as investors in Europe, Japan and elsewhere look to the United States for a r…

long-term-tic-bond-flows

February 19, 2013

Financial Markets
The G-7, the G-20 and Exchange Rates

For those interested in policy coordination and exchange rate policy, last week was both entertaining and informative.  U.S. Treasury official Lael Brainard’s G-20 background briefing last Monday, in…

August 23, 2017

Monetary Policy
G-3 Coordination Failures of the Past Eight Years? (A Riff on Cœuré and Brainard)

The world would be in a better place today if the ECB and BoJ had joined the Fed in quantitative easing early on. Their lag in easing contributed to the policy gap that led to the dollar's large 2014…

G-3 Coordination Failures of the Past Eight Years? (A Riff on Cœuré and Brainard)