An AEI and OMFIF discussion on Wednesday with Steve Kamin and Mark Sobel.
Category Archives: international
Senator Théoden* on Funding Ukraine
From The Hill:
“The only way this war ends is in a negotiated settlement. Every day that goes by while this war continues, more Ukrainians die, citizens and soldiers, more Russian conscripts die. I take no joy in that. More of Ukraine gets destroyed,” [Senator Ron] Johnson said. “So, the sooner that they reach a negotiated settlement, the better from my standpoint.”
Johnson said he thinks Russia will not lose the war against its neighbor to the southeast. The Wisconsin senator said he doesn’t “like that reality, but it’s true.”
In essence, because the Russian forces are so strong and effective (despite evidence accumulated over the past year and a half to the contrary), then we had best give up, and negotiate now, the sooner the better.
In this Foxnews clip from yesterday, Senator Johnson also talks about how a negotiated surrender would be one favorable to the Ukrainians because Putin would be afraid of a protracted guerrilla war.
More generally, Mr. Johnson wants more for border security in any agreement for funding Ukraine, Israel, and Taiwan.
* Théoden Reference is to reign during period of Grima’s tenure as security adviser.
Chinn-Ito Measure of Financial Openness in 2021
Just published, Chinn-Ito index, available here. Normalized to [0,1], with 1 being most open, here’s the world.
EIA Short Term Energy Outlook Forecast for Oil, and the Impact of Sanctions
As reported yesterday:
Guest Contribution: “Exchange Rate Elasticities and Product Sophistication”
Today, we’re fortunate to have Willem Thorbecke, Senior Fellow at Japan’s Research Institute of Economy, Trade and Industry (RIETI) as a guest contributor. The views expressed represent those of the author himself, and do not necessarily represent those of RIETI, or any other institutions the author is affiliated with.
Inflation: Known Unknowns
In my MJS article on inflation, I wrote:
IMF October WEO
From intro to the WEO:
When Next You Have to Teach Mundell-Fleming
What is your answer to the question: How Close to Full Capital Mobility Are We?
Chinese Growth in Question (Again) [Updated]
Update to this post. Official Chinese statistics indicate 6.3% y/y growth in Q2. Maybe it’s less?
Two Quarters of Negative GDP Growth Do Not (Necessarily) a Recession Make, Part MMXXVI
From CEPR-EABCN’s Euro Area Business Cycle Dating Committee (June 30 meeting), “Not Every Downturn Is a Recession”