• Educated voters in France, the UK, and the US tended to vote right after WWII, but are now more likely to vote left. In this post, Simon Wren-Lewis discusses possible factors behind this shift and implications. 

  • Two presidents, one economy

    Christopher Knittel, 10 October 2018

    Recently, both Presidents Trump and Obama have publicly taken credit for the strong US economy. In this post, Christopher Knittel turns to data to evaluate their claims.

  • In this post, Yakov Amihud and Alex Cukierman discuss potential risks to the functioning of monetary policy instruments if government-produced fiat money is completely replaced by private money.

  • In this post, Menzie Chinn compares US tariff levels with those of other countries, and discusses how rejigging the global value chains tat have built up over decades to accommodate tariffs of indefinite duration is sure to be disruptive, and possibly inflationary.

Other Recent Blogs&Reviews:

  • Chad Bown, Eva (Yiwen) Zhang, 31 July 2018

    In July, the Trump administration suddenly found itself scrambling to find new markets for soybeans in Europe and to spend federal funds to protect American farmers from the retaliation provoked by the administration’s tariffs. In this post, Chad Bown and Eva Zhang argue that the soybean skirmish illustrates the wrongheadedness of the president’s approach to trade.

  • Simon Wren-Lewis, 31 July 2018

    The 'second stage' of Brexit is what Theresa May has to do to get over the March 2019 hurdle that sees the UK exit from the EU. In this post, Simon Wren-Lewis argues that given parliament’s failure to provide any guide to the executive, our only clue about what this entails is to think about what is in Theresa May’s interests.

  • Chad Bown, Euijin Jung, Zhiyao (Lucy) Lu, 25 July 2018

    In the latest threat to escalate his trade war with China, President Trump has raised the possibility of new tariffs on all US imports from that country. In this post, Chad Bown, Euijin Jung, and Lucy Lu argue that Trump is gambling with American families’ jobs, incomes, and livelihoods.  

  • Stephen Cecchetti, Kim Schoenholtz, 25 July 2018

    Inflation in the US remains at levels that most people don’t really notice and US monetary policy has remained accommodative from a long-run perspective. In this post, Stephen Cecchetti and Kermit Schoenholtz infer that the Federal Open Market Committee is engaged in what Alan Greenspan called ‘risk management’ policy. 

  • Caroline Freund, Michael Ferrantino, Maryla Maliszewska, Michele Ruta, 23 July 2018

    Many developing nations rely on trade as an engine of economic growth for ending poverty. In this post, Caroline Freund, Michael Ferrantino, Maryla Maliszewska, and Michele Ruta analyse the impact of recent tariffs and the potential for tariff escalation in developing countries.


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