57 research outputs found

    The Treaty Making Power of the Constitution

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    A life in progress: motion and emotion in the autobiography of Robert M. La Follette

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    This article is a study of a La Follette’s Autobiography, the autobiography of the leading Wisconsin progressive Robert M. La Follette, which was published serially in 1911 and, in book form, in 1913. Rather than focusing, as have other historians, on which parts of La Follette’s account are accurate and can therefore be trusted, it explains instead why and how this major autobiography was conceived and written. The article shows that the autobiography was the product of a sustained, complex, and often fraught series of collaborations among La Follette’s family, friends, and political allies, and in the process illuminates the importance of affective ties as well as political ambition and commitment in bringing the project to fruition. In the world of progressive reform, it argues, personal and political experiences were inseparable

    THREE CURRENT ACCOUNT BALANCES: A “SEMI-STRUCTURALIST ” INTERPRETATION

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    Three large current account imbalances—one deficit (the United States) and two surpluses (Japan and the Euro area)—are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange rate adjustment. According to the estimates, a large part of the U.S. current account deficit (nearly 2 percentage points of the 2004 deficit of 5 percent of GDP) will undergo an adjustment process that involves real depreciation in its exchange rate. For Japan, a little more than 1 percentage point (of GDP) of the current account surplus is found to require an exchange rate movement (real appreciation) as the surpluses adjust down. For the Euro area, less than half a percentage point of its current account surplus is found to require an adjustment via real appreciation

    Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?

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    The euro is a plausible competitor to replace the dollar as the leading currency central banks hold, just as the dollar replaced the pound. Factors affecting the dollar's status include size of the home country, inflation, exchange rate variability and size of the relevant home financial center as measured by the turnover in its foreign exchange market. The euro's success will depend on whether the United Kingdom and enough other European Union members join euroland so it becomes larger than the U.S. economy and whether U.S. macroeconomic policy undermines confidence in the value of the dollar, in the form of inflation and depreciation. This paper is a substantial revision of an earlier work presented at a National Bureau of Economic Research conference on current account sustainability

    "Old Bob" La Follette's historic U.S. Senate speech against the entry of the United States into the World War : delivered in the United States Senate on April 4, 1917.

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    "Reproduced in full from the Congressional record."Running title: Sen. La Follette's speech against the war.Mode of access: Internet

    La Follette's autobiography : a personal narrative of political experiences /

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    Includes index.Mode of access: Internet
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