Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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September 16, 2005
United States
The q2 current account deficit and global adjustment
Some days are marked by a surplus of good material. The TIC data. The second quarter current account data. DeLong's magnus opus on what the great and good talked about on the margins of Jackson h…
February 20, 2016
Defense and Security
Evaluating Michael Hayden’s Defense of CIA Drone Strikes
Former director of the Central Intelligence Agency (CIA) Gen. Michael Hayden has an op-ed in today’s New York Times: “To Keep America Safe, Embrace Drone Warfare.” The two-thousand-word piece provide…
April 13, 2007
United States
The February trade data
On the surface, the February trade data doesn't seem to tell us much. The $58.4b February trade deficit is a tad smaller than the $58.9b January deficit, but the overall story is the same: the trad…
August 12, 2005
United States
The June trade data. Changes in relative prices do matter
The June trade deficit -- $58.8 billion -- was a bit bigger than the market expected, and quite a bit bigger than the May deficit ($55.4 b). Annualized, it works out to a $706 billion trade deficit…
March 5, 2019
China
Taking Managed Trade Seriously—What Would a Deal that Tries to Close the Bilateral Deficit Need to Look Like?
If Trump wants to set targets for China’s imports, he should focus on its imports of manufactures—not on getting tweetable deliverables out of the soybeans and oil that China will import (from someon…
