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October 17, 2011

Monetary Policy
Can Monetary Policy Mitigate The Effects of Oil Shocks? A Follow-Up

I wrote a week ago about an old paper by Bernanke, Gertler, and Watson (BGW) that attributed much of the impact of past oil price shocks to the response of monetary policy. Jim Hamilton followed up t…

December 1, 2013

Wars and Conflict
Balance of U.S. War Powers

There have long been disputes over the role of Congress and the president in waging military action.

U.S. Air Force Salute

September 1, 2016

United States
Debating the Legality of the Post-9/11 ‘Forever War’

The Authorization for the Use of Military Force, passed by Congress in the immediate aftermath of the September 11, 2001, attacks, has been cited by the Bush and Obama administrations as sanctioning …

A helicopter picks up U.S. soldiers after a night raid in Afghanistan’s Paktika Province.

February 19, 2013

Diplomacy and International Institutions
HBO History Makers Event, With Madeleine Albright

Madeleine K. Albright discusses world affairs and her career in U.S. government. The HBO History Makers Series focuses particular attention on the contributions made by a prominent individual at a…

Play Former US Secretary of State Madeleine Albright speaks during a hearing on "National Security Implications of the Rise of Authoritarianism Around the World" at the Cannon House Office Building on Capitol Hill on February 26, 2019 in Washington,DC.

May 3, 2011

Fossil Fuels
Are Speculators to Blame for High Oil Prices? Part II

I received some thoughtful (offline) responses to my post yesterday on the impact of speculators on oil prices – or, to be more precise, the relationship between financial and physical oil markets. O…