That is what Filipa Sá, Pascal Towbin, and Tomasz Wieladek find in their new paper . Moreover, they find that the effects of monetary policy...

David Laibson and Johanna Mollerstrom have a new paper --see here for a shorter version--that further undermines the popular global saving ...

Ben Bernanke is back at it. In a speech before the Federal Reserve Bank of San Francisco, he noted that Asia continues to save too much an...

Menzie Chinn is not pleased with the new paper by Ravi Jagannathan, Mudit Kapoor, and Ernst Schaumburg. In this paper the authors argue t...

Mark Thoma directs us to a new paper by Maurice Obstfeld and Kenneth Rogoff titled Global Imbalances and the Financial Crisis: Products of ...

An increasing number of observers are placing the origins of the current economic crisis with the saving glut explanation of global economic...

Friday we learned the employment conditions continue to deteriorate: The nation lost 524,000 jobs in December, bringing the total drop for ...

I have argued here many times that the "liquidity glut" view of the global economic imbalances has as much merit as the "sav...

Yves Smith has me worried that the other shoe is about to drop : It has been conventional wisdom that China, Japan, and other countries th...

As bad as it has been in U.S. financial markets, Ken Rogoff reminds us that it could be, and may yet become, worse: One of the most extraor...

There was an interesting issue raised in the economics blogosphere last week: the end of American hegemony. Nouriel Roubini started it off ...

Mark Gertler recently asserted the United States should "not act rashly over inflation" fears. He argued that the recent jump in...

Brad Sester had an interesting post that looks at how U.S. economic imbalances have been affected by the subprime crisis. First, he notes ...

Amidst the headline news of failing financial institutions and stagflationary conditions in the United States, there has been one U.S. sto...

This has been the week of dump the dollar peg in the Gulf States. First, it was reported on Sunday that some officials from Abu Dhabi thin...

In thinking about today's global inflation problem and the role U.S. monetary policy is playing in it, it struck me that we have seen t...

The Economist has an interesting leader on the future of global institutions such as the G8, the IMF, and the UN Security Council. The a...

Okay, the Fed did not exactly say that, but I suspect that is how the world, particularly the dollar block, is interpreting Donald Kohn'...

There has been a lot of talk about how current U.S. monetary policy, which has been highly accommodative for domestic reasons, is pushing up...

Wolfgang Munchau tells us that the unwinding of global economic imbalances may take many years. Global Adjustment Will be Long and Painful ...