447 Results for:

May 8, 2018

China
Disaggregating the Fall in China's Current Account Surplus Since 2007 Disaggregating the Fall in China's Current Account Surplus Since 2007

China's current account surplus is almost certainly about $100 billion larger than officially reported, and the falling current account surplus masks a persistent manufacturing surplus.

April 24, 2018

International Economic Policy
Asia's Central Banks and Sovereign Funds Are Back Asia's Central Banks and Sovereign Funds Are Back

East Asia (China, Japan, and the NIEs) ran a $600 billion current account surplus in 2017. "Official" (central bank and sovereign fund) outflows accounted for about half of that. Asia's foreign excha…

February 13, 2015

Education
Wisconsin Governor Scott Walker speaks at the Freedom Summit in Des Moines, Iowa, January 24, 2015 (Jim Young/Courtesy Reuters). Scott Walker's Risky College Experiment

Since 2000, the percent of state budgets devoted to higher education has fallen from 13 percent to 9.5 percent. This decline in funding has strained public university finances, reduced pay for many p…

March 9, 2018

China
China’s Own Goal: An Unnecessary and Counterproductive (on-budget) Fiscal Consolidation China’s Own Goal: An Unnecessary and Counterproductive (on-budget) Fiscal Consolidation

China seems to be aiming to cut its (central government) fiscal deficit to around 2.6 percent of GDP. That’s the new target—down from a three percent target last year (UBS think the actual deficit in…

August 28, 2015

United States
Scott Walker’s Foreign Policy Speech

Gov. Scott Walker gave a major foreign policy speech today at The Citadel, and it contained some points worth noting. I’ll skip over some of the rhetoric and the criticism of Clinton and Obama, which…

October 20, 2017

China
China Bought Foreign Exchange in September (Just Not Very Much) China Bought Foreign Exchange in September (Just Not Very Much)

Analysis of the September intervention proxies for China and q2 Chinese balance of payments data.

September 28, 2017

China
The IMF’s China Problem The IMF’s China Problem

Giving macroeconomic policy advice to a country that saves 46 percent of its GDP is hard. Imprudent domestic policies help limit large external (trade) imbalances, and more prudent domestic policies …

August 30, 2017

Eurozone
Germany Cannot Quit Fiscal Consolidation Germany Cannot Quit Fiscal Consolidation

Fiscally Driven Rebalancing Turns Out to Be Hard

July 3, 2017

China
Strong Evidence That China's Tourism Deficit Is Overstated Strong Evidence That China's Tourism Deficit Is Overstated

Comments on an important new Federal Reserve Working Paper by Anna Wong

June 9, 2017

Asia
Hua-Chunying Chinese Activists, THAAD Halt, SoftBank’s Robots, and More

Rachel Brown, Ashley Feng, Douglas Mo, and Gabriel Walker look at the top stories in Asia this week. 1. China brushes off U.S. pressure over detained activists. On May 31, New York-based NGO China…