International Macroeconomics

US External Debt: A Curious Case By Paul Krugman, The Conscience of a Liberal (blog), The New York Times, May 3, 2015. [Interesting discussion of the factors that affect a country's International Investment Position.]

John Maynard Keynes Is the Economist the World Needs Now By Peter Coy, BloombergBusinessweek, October 30, 2014. [Keynes rules open-economy macro too!]

Worth Its Weight By DANIEL W. DREZNER, Sunday Book Review, The New York Times, SEPT. 12, 2014. [Review of ‘War and Gold,’ by Kwasi Kwarteng, on the history of the gold standard.]

Argentina’s Currency Falls Sharply Against the Dollar, Stirring Inflation Fears By SIMON ROMERO, The New York Times, JAN. 23, 2014. [A central bank that is selling foreign currency reserves to boost the domestic currency is on a fool's errand if the exchange rate it is shooting for is not the long-run equilibrium rate.]

Rudi Dornbusch and the Salvation of International Macroeconomics (Wonkish) By Paul Krugman, The Conscience of a Liberal (blog), The New York Times, December 13, 2013. [How Dornbusch's overshooting paper protected us from the cultists.]

The Argentine peso: Clamped The Economist, November 16, 2013. [Heavy-handed controls on foreign exchange spawn elaborate dodges.]

Medium term exchange rates and current accounts By Simon Wren-Lewis, Mainly Macro (blog), November 9, 2013.

Taking Aim at the Wrong Deficit By JARED BERNSTEIN and DEAN BAKER, The New York Times, Published: November 6, 2013. [Reducing the trade deficit would lead to more growth.]

Latvian lessons: Extreme economics The Economist, September 21, 2013. [Fiscal austerity and fixed exchange rates in a recession? You may survive it if you can send ten percent of your people to other countries and pull off a productivity spurt.]

The capital-freeze index: Stop signs The Economist, September 7, 2013. (>Corrected version!) [Which emerging markets are most vulnerable to a freeze in capital inflows?]

The Asian Crisis Versus The Euro Crisis By Paul Krugman, The Conscience of a Liberal (blog), The New York Times, August 28, 2013. [Asian nations recovered a lot faster because they had their own currencies that they could devalue to encourage export-led growth. The Euro-zone countries do not have their own currencies; so they can't devalue out of trouble.]

This Age of Bubbles By PAUL KRUGMAN, The New York Times, Published: August 22, 2013. [The deregulation of international capital markets has led to crisis after crisis.]

Generation B (For Bubble) By Paul Krugman, The Conscience of a Liberal (blog), The New York Times, August 22, 2013. [Loose money, or banks gone wild?]

The most important story in global economics nobody is paying attention to By Neil Irwin, Wonkblog (blog), The Washington Post, Published: May 8, 2013. [The nation’s powerful State Council said it will move to open its borders to the freer flow of capital.]

Button-Down Central Bank Bets It All By BRIAN BLACKSTONE and DAVID WESSEL, The Wall Street Journal, January 9, 2013.

Exchange rates, headaches by R.D., Free Exchange (blog), The Economist, July 24, 2012.