Contrary to the general conviction, collaboration with ex-commanders and their informal networks can actually promote postwar stability. When former generals are integrated into the post-conflict societal structure as brokers of socioeconomic service and mediators between governing elites and former combatants, they can help to provide security and stability. In th...

Contrary to the general conviction, collaboration with ex-commanders and their informal networks can actually promote postwar stability. When former generals are integrated into the post-conflict societal structure as brokers of socioeconomic service and mediators between governing elites and former combatants, they can help to provide security and stability. In th...

We use a general-equilibrium model to explain the rise in global trade and payments imbalances since the mid-1990s, and then to construct adjustment paths to a steady state. Assuming that the shocks giving rise to the imbalances do not suddenly reverse, simulated movements in the U.S. trade deficit and exchange rate are smaller and more gradual than suggested by pa...

We use a general-equilibrium model to explain the rise in global trade and payments imbalances since the mid-1990s, and then to construct adjustment paths to a steady state. Assuming that the shocks giving rise to the imbalances do not suddenly reverse, simulated movements in the U.S. trade deficit and exchange rate are smaller and more gradual than suggested by pa...