Economics & Global Affairs

446 Items

Federal Reserve Chairman Jerome Powell (L) speaks at a conference about the Fed's planned interest-rate strategy, June 4, 2019.

Kiichiro Sato (AP)

Analysis & Opinions - The Washington Post

It's Tempting for the Fed to Move Slowly. That Would Be a Grave Error.

| June 04, 2019

The Federal Reserve will over the next several months make monetary policy decisions that are as consequential as any it has made since the financial crisis and Great Recession of 2007-2008. The temptation in a highly uncertain and politicized environment will be to move cautiously. Yet this would be a grave error in the current context, where a recession could be catastrophic and the odds of one beginning in the next year, while still less than 50-50, now appear significant and increasing.

Sen. Marco Rubio, R-Florida, speaks at a Senate Intelligence Committee hearing, January 29, 2019.

Jose Luis Magana

Analysis & Opinions - The Washington Post

What Marco Rubio Gets Wrong - And Right - About the Decline of American Investment

| May 31, 2019

Senator Marco Rubio, R-Florida, has recently claimed that the worrying decline of private investment in the American economy can be attributed to "shareholder capitalism" and "short-termism". In this co-authored op-ed, economic specialists Lawrence H. Summers and Anna Stansbury share their thoughts on whether and why this is the case.

The European Parliament in tomorrows sitting will discuss the state of the rule of law in Poland.

European Parliament/Flickr

Analysis & Opinions - Carnegie Endowment for International Peace

The Impact of the European Parliament Election on Migration, Trade, and Transatlantic relations

| May 28, 2019

The Carnegie Endowment for International Peace hosted a discussion on the impact of the European Parliament election on issues like migration, trade, and transatlantic relations.

Blog Post - Views on the Economy and the World

Moore on Gold and Commodities

| May 01, 2019

A century ago, the gold standard was considered a guarantor of monetary stability.  That golden era is long-gone.  (If it every really existed at all.  The general price level fell 53% in US and 45% in the UK during 1873-1896 due to a dearth of gold deposit discoveries.)

Continuing my thoughts on the Fed candidacy of Stephen Moore: he has said several times that he favors a return to gold.  In true Trumpian fashion, he recently denied having said it despite the clear video evidence.

Brexit protest opposite the Palace of Westminster, London.

ChiralJon

Analysis & Opinions - METRO U.N.

What Brexit Means for the World

| May 01, 2019

When contemplating Brexit, particularly a ”hard” Brexit without agreements with the EU, the outside world is deeply puzzled how Britain could produce such a calamitous act of self-harm, severely hurting its economy, undermining its international standing, and possibly threatening its national integrity. While Brexit will hurt the EU economically, it will not undermine the EU’s global role as the world’s second largest economy. Brexit has also had some unexpected effects that strengthen the EU.

Russian President Vladimir Putin gestures warmly to the local residents of Simferopol, Crimea, Monday, March 18, 2019.

Yuri Kadobnov (AP)

Analysis & Opinions - Russia Matters

Key to Putin’s Passport Offers to Ukrainians? Russia’s Shrinking Labor Force

| Apr. 30, 2019

While Putin’s hopes of integrating Ukraine into the Eurasian Economic Union were dashed by the 2014 revolution, the Russian leadership has refused to yield in its battle with the EU over Ukraine’s shrinking labor force, Simon Saradzhyan writes. 

Blog Post - Views on the Economy and the World

Moore Troubles for the Fed

Apr. 30, 2019

Of the two men whom Donald Trump had intended to nominate to empty seats on the Federal Reserve Board, Herman Cain has now withdrawn his name.  This leaves the other one, Stephen Moore.

The Senate would have to decide whether to confirm Moore. He has some problems roughly analogous to Cain’s:  he is considered to be under an ethical cloud and he often gets his economic facts wrong.  Cynics might respond that he would thereby fit right in with the roster of Trump nominees throughout the government.  But Trump’s earlier appointments to the Fed have been people of ability and integrity and have been doing a good job, Chair Jerome Powell in particular. Perhaps Trump did not start paying attention to Fed appointments until recently.

 

 

EU - China Summit 2017

European Commission

Analysis & Opinions - South China Morning Post

In Talks with Europe, China Has Shown Willingness to Compromise, but Will it Make Good on its Commitment?

| Apr. 16, 2019

As US and China edge towards an accord over trade tariffs, Brussels reaches an understanding with China that relations be built on ‘openness, non-discrimination, and fair competition’ – and a need for vigilance. The EU has been very firm on trade with China, but less so on the vexed question of Beijing’s human rights record.