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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July 5, 2015
Europe
Currencies Are Easy, Policies Are Hard
Now that Greek voters have voted “no” in the referendum, the government is engaged in a last-ditch effort to reach agreement with its creditors on policies and financing; if an agreement is not reach…
October 3, 2015
Afghanistan
Kunduz Airstrike and Civilian Deaths in Afghanistan
This blog post updated an earlier post, and was again coauthored with my research associate, Amelia M. Wolf. Doctors Without Borders/Médecins Sans Frontières (MSF) reported that its hospital in Kun…
August 1, 2016
Europe
Why Is The IMF Pushing Fiscal Consolidation in the Eurozone in 2017?
The eurozone collectively has a substantial external surplus, and its economy is operating below potential. In the framework set out in the IMF’s external balance assessment, that pretty clearly call…
August 29, 2016
Monetary Policy
Is The Dirty Little Secret of FX Intervention That It Works?
Foreign exchange intervention has long been one of those things that works better in practice than in theory.* Emerging markets worried about currency appreciation certainly seem to believe it wor…
November 22, 2016
United States
Fiscal Reflation in One Country
President-elect Trump wants to cut taxes and increase investment in U.S. infrastructure (or at least provide a tax break for existing infrastructure investment) and doesn’t seem especially worried if…