Author Archives: Menzie Chinn

Which Observation Is Not Like the Others: US Inward FDI Again

Plotting nominal dollar value of inward FDI understates the collapse in inflows. Here is the ratio to GDP, and — considering how FDI covaries with the stock market’s level — the real S&P 500 (As I recall, working on this topic during the boom, the dollar’s strength was the other important factor — but that hasn’t changed much over the last three years.)

Continue reading