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April 29, 2009

Financial Markets
Why were arguments against taking on risk discounted heavily during the boom?

Barry Eichengreen writes exceptionally well: "THE GREAT Credit Crisis has cast into doubt much of what we thought we knew about economics. We thought that monetary policy had tamed the business cycl…

February 24, 2005

Monetary Policy
An Asian OPEC?

A less kind headline might be "Asian policy makers meet, agree to continue manipulating foreign exchange markets" Still, this Bloomberg article (link thanks to Calculated Risk) suggests that there ma…

September 2, 2008

Monetary Policy
Yes, Virginia – Creditors do sometimes get a vote …

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,…

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August 12, 2011

Budget, Debt, and Deficits
Friday File: The GOP Debate Meets Budget Math

Winthrop, Iowa. (Jessica Rinaldi/courtesy Reuters) Above the Fold. Foreign policy took a back seat to Obama bashing and internal GOP sniping in last night’s Republican presidential debate. Rick Sant…

A farm in the town of Winthrop, Iowa. (Jessica Rinaldi/courtesy Reuters)

December 19, 2004

Plaza, or Louvre?

The 1985 Plaza accord sought to drive the dollar down; the 1987 Louvre sought to keep the dollar from falling further. There is growing talk of a new Plaza in the US -- though not in the circles tha…