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Higher Current Account Deficit Is Partly Due To High Crude Prices, Says Raghuram Rajan

interview with Raghuram Rajanvia CNBC
Monday, September 10, 2018

India's higher current account deficit (CAD) is partly due to higher oil prices and the result of the export sector being hit by twin shocks of demonetisation as well as the goods and services tax, said Raghuram Rajan, former Reserve Bank of India (RBI) governor.


The Influence of Current Demographic Processes on International Relations and International Security: The Russian Take

by Anatoly Vishnevskyvia Governance In An Emerging New World
Wednesday, October 3, 2018

One of the key developments in 20th and 21st century history has been the demographic revolution, or demographic transition, which radically changed the course of fundamental demographic processes involving the birth rate, mortality and migration. Demographic change affects the international situation both directly and indirectly, through the social processes experienced by all societies which embrace this change.


Russia and the Solecism of Power

by David Hollowayvia Governance In An Emerging New World
Wednesday, October 3, 2018

Nearly every discussion about Russia raises three questions: Who is to blame?  What is to be done?  And where is Russia heading?  This paper focuses on the third question, though the other two cannot be ignored entirely. Now is a particularly appropriate time to ask where Russia is headed, for the world is undergoing profound and rapid transformation at several levels. We are witnessing dramatic technological changes. These processes of change and transformation – technological, economic, demographic, and climatic – present great challenges for governance at all levels.  


Dollarize Argentina

by John H. Cochrane via Grumpy Economist
Monday, September 10, 2018

Argentina should dollarize, says Mary Anastasia O'Grady in the Wall Street Journal -- not a peg, not a currency board, not an IMF plan, just give up and use dollars. 

Analysis and Commentary

Me On BBC On Trade War

by David R. Hendersonvia EconLog
Sunday, September 9, 2018

I posted in June about my interview on the BBC. It’s no longer on line but a friend sent me a clip that he saved of the interview at the time.

Analysis and Commentary

In Praise Of CBS Sunday Morning

by David R. Hendersonvia EconLog
Saturday, September 8, 2018

About a year ago, I set up our cable to automatically record CBS’s Sunday morning show, called, appropriately enough, CBS Sunday Morning. I did it for one main reason: to watch the beautiful nature scene, complete with sounds, that goes for about 30 or 40 seconds at the end of each episode. The sights and sounds are often breathtaking.


Lanhee Chen: 'Does Not Get Any Better Than This' For Labor Force Participation (6:13)

interview with Lanhee J. Chenvia CNBC
Friday, September 7, 2018

Hoover Institution fellow Lanhee Chen discusses the jobs report.

Federal Reserve
In the News

Federal Reserve Is Sued, Accused Of Limiting Competition

quoting John H. Cochrane via The New York Times
Thursday, September 6, 2018

A former Federal Reserve official is suing the Fed for blocking his plan to create a new kind of bank, saying it is putting the interests of big Wall Street banks ahead of their large customers.

Governance In An Emerging New World: China

Monday, October 29, 2018
Hauck Auditorium, Hoover Institution, Stanford University

Even as its economy continues to grow, and it becomes a world leader in technology, China must also contend with an aging, unbalanced population and the information revolution. The discussion will examine China’s pursuit of next-generation technologies for economic, political, and military purposes as well as its changing demographics and widespread use of new means of communications.

The Hoover Institution will host a public panel discussion "China In An Emerging World" on Monday, October 29, 2018 from 3:30pm - 5:00pm PST. The event will also be Livestreamed and can be viewed here.


Governance In An Emerging New World: Russia

Wednesday, October 3, 2018
Hauck Auditorium, Hoover Institution, Stanford University

Faced with an aging and shrinking population and a weak economy, Russia’s future appears uncertain. Participants will explore how Russia is taking on the challenges posed by an aging and declining population and attempting to exploit the economic and military potential of advancing technologies.

Featuring Stephen Kotkin, Maria Smekalova speaking on behalf of former Russian Foreign Minister Igor Ivanov, Michael McFaul and David Holloway and moderated by Kori Schake, the Hoover Institution will host a public panel discussion "Russia In An Emerging New World" on Wednesday, October 3, 2018 from 3:30pm - 5:00pm PST. The event will also be Livestreamed and can be viewed here.



Economic Policy Working Group

The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple