After a post I did earlier this week on Congress caving on Central Bank of Iran sanctions, I got a grumpy call from my buds at AIPAC. No, they had not “sided with the Obama administration” as I claimed, except in the case of a couple of technical changes to the Menendez-Kirk amendment and one substantial change.

Hill conferees filed the National Defense Authorization bill last night, which means the conference agreed upon final language. The bill has enjoyed its share of controversy over a detainee provision, but another viciously fought battle included a provision to sanction the Central Bank of Iran. You remember the Central Bank?

En los últimos diez años, las autoridades de política en distintos países emergentes han optado por limitar las fluctuaciones del valor de sus monedas respecto al dólar americano. En este documento se utiliza una relación de paridad de tasas de interés para identificar las fuentes potenciales de presiones alcistas en el valor del tipo de cambio y para explicar las opciones de política orientadas a contener dichas presiones.

The anniversary of Osama bin Laden’s death last week focused attention briefly on the continued threat posed by al Qaeda Central. But what about al Qaeda's franchises elsewhere, like al Shabaab in Somalia? The viability of the threat these groups pose to the U.S. deserves more careful consideration than it has received.

The Obama administration must convince not only Ukraine and Georgia, but also central and eastern Europe and Russia, that Washington is serious about its commitment to protect democracy, freedom, and liberty.

The relationship between Russia and its Muslim subjects is more complex than recent violence suggests.

Central bankingneeds to announce and follow a policy rule in order to controlinflation over the long run.

The U.S. economy heads down the path toward deflation.