My post on the G-20’s agenda can be found on the official Pittsburgh Summit blog.

Read more here - One time return to blogging

This will be my last blog post, at least for the foreseeable future. I have accepted a new job , one that will require a certain level of discretion. I am excited by its challenges: ‘Balanced and sustainable” growth is … Read More

A quick chart showing how my estimates (from work I have done with Arpana Pandey of the CFR ) for official holdings of Treasuries and Agencies compares with the FRBNY custodial holdings and the data that the US reports on … Read More

This post is by Mark Dow Very few things rouse the rabble as much as an ideological debate. And over the past year it has been looking like we are having the beginnings of a nasty one in economics and … Read More

One of the biggest economic and political stories of this decade has been China’s emergence as the world’s biggest creditor country. At least in a ‘flow” sense. China’s current account surplus is now the world’s largest – and its government … Read More

This post is by Brad Setser and Rachel Ziemba of RGE Monitor A score of recent reports have put the total assets managed by sovereign wealth funds at around $3 trillion . That seems high to us – at least … Read More

The Fed’s custodial holdings of Treasuries just topped $2 trillion. Custodial holdings of Treasuries rose by $25 billion in July. The overall pace of growth in the Fed’s custodial holdings did slow a bit in July, as some of the … Read More

Qing Wang of Morgan Stanley: “Given China’s high national savings rate, from the perspective of the economy as a whole, there are only three forms in which China can deploy its savings: 1) onshore physical assets; 2) offshore physical assets; … Read More

This post is by Brad Setser and Paul Swartz of the Council on Foreign Relations. No doubt today’s GDP release will attract the lion’s share of the econoblogosphere’s attention. But sometimes it is a good idea to counter-program. Paul Swartz, … Read More

It is now rather common to argue that those economists who anticipated the crisis anticipated the wrong crisis – a dollar crisis, not a banking crisis. Robin Harding of the FT writes : “If economists try to predict crises they … Read More