(1/1/2016) My answers to three questions at the start of 2016 (from Chosun Ilbo, leading Korean newspaper):
The Fed, China and Oil
Category Archives: monetary policy
Games Countries Play
(11/28/2015) Calls for International coordination of macroeconomic policy are back, after a 30-year hiatus. To some it looks anomalous that the Fed is about to raise interest rates at a time when most major central banks see a need to extend further monetary stimulus.
The Top Ten Reasons Why Trade Agreements Should Not Cover Currency Manipulation
(6/13/2015) President Obama is still pressing the difficult campaign to obtain Trade Promotion Authority and use it to conclude international negotiations — across one ocean for the Trans Pacific Partnership (TPP) and then across the other ocean for the Transatlantic Trade and Investment Partnership (TTIP). Many in the Congress, particularly many Democrats, insist that the trade agreements must include mechanisms designed to prevent countries from manipulating their currencies for unfair advantage.