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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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January 26, 2005
Financial Markets
China reads the Economist. Is the Renminbi undervalued?
While China’s delegation to Davos seems a bit less than enamored with the dollar, the People’s Bank of China seems have read last week’s Economist, and concluded that there is no need to change the …
April 30, 2006
Can the dollar block survive another bout of dollar weakness?
In case you haven't noticed, the dollar is now closer to 1.30 (v. the euro) than 1.20 - or even 1.15. Carry is no longer king. There is talk of a "regime change" in the fx market. Or at least an …
May 4, 2016
Energy and Environment
Beyond Climate Confusion: Why Both Energy Innovation and Deployment Matter
I have a new essay in the May/June issue of Foreign Affairs—“The Clean Energy Revolution: Fighting Climate Change with Innovation”—which I co-authored with Teryn Norris, a former advisor at the Depar…
April 28, 2006
Why does China have a looser monetary policy than the United States?
We know why the global economy grew strongly in the first quarter. Nothing changed. Or rather, the basic pattern that has driven global growth for the past few years intensified.The US continued t…
September 7, 2006
China
Tyler Cowen apparently did not read my China testimony! The RMB’s value does influence trade flows
The New York Times’ conservative columnists certainly know how to get my blood boiling. David Brooks, among other things, apparently thinks the key to a hedge fund salary is good people skills – not…