The Supreme Court’s decision in West Virginia v. Environmental Protection Agency (EPA) limits the scope of the agency’s regulatory powers with broader implications for all federal rulemaking on clima…

Last week I took part in a debate at CSIS on the topic of whether China seeks to export its development model.  For me, the answer to this question is self-evident: of course it does. Yet as I prepar…

Since the end of 2012, the yen has depreciated significantly and the dollar has appreciated significantly. Enough time has passed to look at how U.S. and Japanese exports have responded to these exch…

Now that the markets have lost a bit of their froth, it seems fitting to note just how sharply trade -- and private financial flows -- have contracted over the past year. The US q1 balance of paym…

This is Brad Setser again. Thanks to Christian Menegatti and Rachel Ziemba for filling in when I was away. It is only fitting to return with one of my pet themes: central bank demand -- or rather,…