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After the Bank of Japan’s Move

Global central banks were back in the spotlight on Thursday, as the Bank of Japan (BOJ) finally decided to emulate the U.S. approach to the economic crisis. By engaging in …

The State of the Union: Beyond Free Trade

Forging a transatlantic free trade agreement is an ambitious but elusive goal. The record of past trade talks is littered with disputes. Just recently, Europeans and Americans managed to fight …

He’s Done it Again

He’s done it again. Mario Draghi, the head of the European Central Bank, has worked his magic and achieved exactly what he set out to do. This time, he talked …

The Emerging Transpacific Partnership: Chance or Threat for the EU?

The views expressed in this paper are those of the authors and not necessarily those of the German government. Preface Following the Obama administration’s announcement of its pivot toward Asia, …

No Claim to Victory

While most commentators who listened to Mario Draghi’s first press conference in 2013 focused on the upbeat tone of the remarks made by the ECB’s president, I prefer to focus …

Yet Another Year of the Central Banker

2012 was the year that Mario Draghi saved the euro. There is no doubt that it was the European central banker’s simple statement that the ECB was ready to do …

Domestic Victories, European Challenges

With 97.94% of votes cast in her favor, the German Chancellor and head of the Christian Democratic Party (CDU) Angela Merkel could not be happier. At their party convention in …

The State of the West

These remarks given by Richard W. Fisher at the recent “State of the West” Symposium at Stanford University take a look at the economic situation of the Western United States, …

What’s at Stake in the Election

The last days of the U.S. presidential campaign have not only offered a very tight race, they have also spread the illusion that electing a new or confirming the old …

The Unsinkable Euro-Dollar Exchange Rate

Why is the euro crisis different from all other sovereign debt crises?  The euro’s exchange rate has remained remarkably stable.  The euro has depreciated by only 7 percent versus the …

Constitutional Challenges and Choices

The next time Chancellor Merkel and President Obama get together, they could compare notes on their experiences with waiting for an important decision from their respective Supreme Courts. In June, …

After the Decision is Before the Decision

Professor Russell Miller is a Professor of Law at Washington & Lee University School of Law, as well as the Co-Editor-in-Chief of German Law Journal. Professor Miller has also co-authored an upcoming …