Country And Regional Studies

There's a rule in economics called Goodhart's law: when a measure becomes a target, it ceases to be a useful measure. If a government chases a particular economic variable, then it becomes influenced by policy, and so loses its meaningfulness as an input. 'Information value' is lost in the

I started my job at the Federal Reserve three weeks before Lehman Brothers declared bankruptcy. I wish I had kept a diary of my initial months at the Fed, so I could recall clearly what we thought was happening each day. I do remember there was a discrete point where suddenly everything felt like

Indonesia's President Jokowi will welcome Turkish President Recep Tayyip Erdogan in Jakarta today, making it his third meeting with an international leader this week. Jokowi hosted British Prime Minister David Cameron on Monday and visited Singapore's Prime Minister Lee Hsien Loong on Tuesday in a

Four days ago, French President François Hollande declared his in-principle commitment to the creation of a 'euro government, with the addition of a specific budget and a parliament to ensure democratic control.'  This is more an opening gambit in a debate about the terms of putative