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November 17, 1999

Trade
Who Decides? Congress and the Debate Over Trade Policy in 1934 and 1974

Introduction Governor Adlai E. Stevenson thought trade policy was boring; he once described it as one field where the greatest need is for fresh clichés. He had a point. In the long period that th…

November 21, 2003

United Kingdom
Hoge: Bush’s Image and Message Likely Enhanced by Trip to Britain

Warren Hoge, the chief London correspondent for The New York Times, says that as a result of his trip to Britain, President Bush “has certainly improved his image” overseas. What remains t…

March 1, 2004

Economics
In Defense of Globalization

An internationally renowned economist, Jagdish Bhagwati takes conventional wisdom—that globalization is the cause of several social ills—and turns it on its head. Properly regulated, globalization, h…

January 11, 2005

Middle East and North Africa
The January 9 Elections and Beyond: The Road Ahead for Israelis, Palestinians, and the U.S. in 2005

Council on Foreign RelationsNew York, N.Y. STEVEN COOK: I'd like to welcome you all here this evening to the Council on Foreign Relations for a meeting with a good friend and colleague, David Mak…

December 6, 2004

Financial Markets
Surprise, Surprise: the Treasury waited til December to clear China of currency manipulation

It looks like John Snow did Andy Card one last favor before stepping aside: late on Friday, the Treasury quietly issued the annual foreign currency report. To no one’s surprise, the report declared …

January 10, 2005

United States
Apparently, like budget deficits, trade deficits do not matter anymore

Kevin Drum brought the latest National Review "trade deficits do not matter" article to my attention today. I learned a few things, namely that Steven Roach is part of a media misinformation campaig…

June 29, 2005

United States
Analysis of President Bush’s Address to the Nation

Charlie Rose ShowJune 28, 2005CHARLIE ROSE: Welcome to the broadcast. We are live this evening from New York and Washington. Tonight, President Bush delivered a primetime speech on Iraq from Ft. Brag…

December 29, 2004

United States
Look who is supporting the mortgage market …

No Surprise: the People’s Bank of China. The PBOC has shifted from buying treasuries (03) to buying mortgage backed securities (04).From Reuters: "Make no bones about it, mortgages really went globa…

September 4, 2005

China
If it is still a dollar peg, where is the monetary policy flexiblity?

I rarely agree with Steven "trade deficits do not matter" Jen.   His models for G3 exchange rate determination leave out a variable - the pace at which the US is adding to its external debt and its r…