A ceasefire has been called in the trade war between the United States and China, but there is lingering uncertainty that will stifle aggregate spending until a "peace treaty" is signed. China is thus currently undertaking a precarious policy trifecta balancing act - trying to maintain steady...

"Examines the large imbalances in the world economy that contributed to the financial crisis of 2000-09, especially among those economies ordering the Pacific with the large deficits in the United States and the offsetting surpluses in East Asia, and how national policies could be coordinated to...