George E. Shambaugh, IV is Associate Professor of International Affairs and Government in the Edmund A. Walsh School of Foreign Service, Georgetown University. His authored books include States, Firms, and Power: Successful Sanctions in United States Foreign Policy (1999), and, as co-author, The Art of Policymaking: Tools, Techniques, and Processes in the Modern Executive Branch (2nd edition, 2016).

• 1. Reaching for bazooka; 2. Preferences, power and predictions; 3. The Argentine tango; 4. The Federal Reserve goes political; 5. A Greek tragedy; 6. Managing markets in turbulent times.

'In this fascinating tour de force taking us from Argentina to the United States and to Europe, George Schambaugh describes and analyses with the dexterity of a spy thriller novelist the 'behind the scenes' of the 'dangerous liasions' linking officials and technocrats with senior politicians in the shaping of economic policies in times of domestic and international crises. Those technocrats are actually oracles, heroes, and villains in the domestic and international scene that shapes the international political economy of the last thirty years.' Arie M. Kacowicz, Hebrew University of Jerusalem

George E. Shambaugh, IV is Associate Professor of International Affairs and Government in the Edmund A. Walsh School of Foreign Service, Georgetown University. His authored books include States, Firms, and Power: Successful Sanctions in United States Foreign Policy (1999), and, as co-author, The Art of Policymaking: Tools, Techniques, and Processes in the Modern Executive Branch (2nd edition, 2016).

• 1. Reaching for bazooka; 2. Preferences, power and predictions; 3. The Argentine tango; 4. The Federal Reserve goes political; 5. A Greek tragedy; 6. Managing markets in turbulent times.

'In this fascinating tour de force taking us from Argentina to the United States and to Europe, George Schambaugh describes and analyses with the dexterity of a spy thriller novelist the 'behind the scenes' of the 'dangerous liasions' linking officials and technocrats with senior politicians in the shaping of economic policies in times of domestic and international crises. Those technocrats are actually oracles, heroes, and villains in the domestic and international scene that shapes the international political economy of the last thirty years.' Arie M. Kacowicz, Hebrew University of Jerusalem

George E. Shambaugh, IV is Associate Professor of International Affairs and Government in the Edmund A. Walsh School of Foreign Service, Georgetown University. His authored books include States, Firms, and Power: Successful Sanctions in United States Foreign Policy (1999), and, as co-author, The Art of Policymaking: Tools, Techniques, and Processes in the Modern Executive Branch (2nd edition, 2016).

• 1. Reaching for bazooka; 2. Preferences, power and predictions; 3. The Argentine tango; 4. The Federal Reserve goes political; 5. A Greek tragedy; 6. Managing markets in turbulent times.

'In this fascinating tour de force taking us from Argentina to the United States and to Europe, George Schambaugh describes and analyses with the dexterity of a spy thriller novelist the 'behind the scenes' of the 'dangerous liasions' linking officials and technocrats with senior politicians in the shaping of economic policies in times of domestic and international crises. Those technocrats are actually oracles, heroes, and villains in the domestic and international scene that shapes the international political economy of the last thirty years.' Arie M. Kacowicz, Hebrew University of Jerusalem