The Slack Wire

Four or five years ago, I wrote a paper arguing that the US current account deficit, far from being a cause of the crisis of 2008, was a st...

Interesting new working paper out from the NBER today, on Net Fiscal Stimulus During the Great Recession . It purports to compare the level ...

Mike Konczal has kindly reposted my back-of-the-envelope estimate of how much a dollar devaluation would boost US demand. (Spoiler: Not mu...

Lots of economists of the liberal Keynesian persuasion ( Paul Krugman , Dean Baker , Robert Blecker [1] -- very smart guys all) think dollar...

There are hardly any economists or economic historians who have contributed more to our understanding of the role of international finance i...