Will the energy shock change global trade imbalances? With Brad Setser

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  It is IMF Spring Meetings Week, which means that the world's economic policymakers descend on Washington, D.C.

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  To talk about what on earth is going on in the global economy.

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  Finance ministers, chief economists, and of course journalists like myself,

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  have gathered to discuss shocks, imbalances, and the economic outlook.

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  And there is a lot to discuss, from the huge global energy shock to slower-moving pressures,

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  and of course, the tensions between the world's biggest beasts.

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  This week, I'm going to ask, how will the energy shock affect global trade imbalances?

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  This is The Economics Show.

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  I'm joined this week in Washington, D.C.

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  By Brad Setzer, the Whitney Shepardson Senior Fellow at the Council on Foreign Relations.

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  In my book, How to Win a Trade War, I described him as a sort of economic Sherlock Holmes,

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  detecting problems in the macroeconomic data.

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  And I thought this week would be a great time to catch up with him and discuss global trade imbalances.

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  Brad, hello.

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  Hello.

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  Thanks for having me on.

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  It's been a long time ago.

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  Well, it's great to have you on.

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  Okay, first of all, I want to set the scene, right?

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  So let's talk global imbalances.

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