Brad W. Setser | |
---|---|
Nationality | American |
Academic career | |
Institutions | Council on Foreign Relations |
Field | Public economics |
Alma mater |
Harvard University (BA) Oxford University (MA, PhD) |
Website |
Brad W. Setser Brad W. Setser on Twitter |
Brad W. Setser is an American economist. He is a former staff economist at the United States Department of the Treasury, worked at Roubini Global Economics Monitor as Director of Global Research where he co-authored the book "Bailouts or Bail-ins?" with Nouriel Roubini, as a fellow for international economics at the Council on Foreign Relations, for the United States National Economic Council as Director of International Economics, for the United States Department of the Treasury, and as Deputy Assistant Secretary for International Economic Analysis as senior fellow for international economics at the Council on Foreign Relations.
After leaving the RGE in 2007, Setser became a fellow for international economics at the Council on Foreign Relations. In 2009, he took a position with the National Economic Council, as Director of International Economics. In 2011, he moved to the United States Department of the Treasury, where he was the Deputy Assistant Secretary for International Economic Analysis where he worked on Europe's financial crisis, U.S. currency policy, financial sanctions, commodity shocks, and Puerto Rico’s debt crisis.[ citation needed]
In 2015, he returned as the Steven A. Tananbaum senior fellow for international economics at the Council on Foreign Relations. He is the author of the economics blog "Follow the Money" about global economic imbalances, [1] which The Washington Post described in 2016 as a "must-read for those in the economics blogosphere". [2]
Setser has been interviewed in financial publications such as The Wall Street Journal and the Financial Times on U.S. international economic issues. [3] [4] [5] [6] Setser has also written opinion pieces including in The New York Times and The Wall Street Journal on U.S. international economic policy. [7] [8]
In November 2020, Setser was named a member of the Joe Biden presidential transition Agency Review Team to support transition efforts related to the Office of the United States Trade Representative. [9]
Back in the day, Brad Setser was the go-to guy when it came to debates about cross-border financial flows, macroeconomic imbalances, what China was doing to keep its currency undervalued and whether other countries holding large amounts of U.S. debt was a thing or not. His Council on Foreign Relations blog was a must-read for those in the economics blogosphere who cared about these matters. Then Setser had to go and get a job in the Obama administration. The rest of us were left wandering in the political economy desert.
U.S. companies competing in China's consumer markets tend to target wealthier customers, where the slowdown is more pronounced, said Brad Setser, a senior fellow at the Council on Foreign Relations who was deputy assistant Treasury secretary for international economic analysis in the Obama administration.
Brad Setser, an economist at the Council on Foreign Relations, noted that foreign demand for Chinese bonds exceeded foreign demand for U.S. bonds in the second quarter of 2018.
If "stable" means the renminbi continues to trade within a band set by officials at China's central bank on a daily basis, then according to Brad Setser at the Council on Foreign Relations, this isn't such a large ask from the US. In fact, China has committed to this kind of policy for many years now — most aggressively since September as Setser's chart shows.