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January 4, 2005

Is the US a generous country?

I am not sure I want to wade into this debate.But I am pretty sure that Carol Adelman did not prove her case in today’s New York Times.Her argument is that aid flows are being privatized, and if you …

March 9, 2005

Emerging Markets
Brad DeLong covers the Argentine crisis, in one night

DeLong is clearly working his way through Paul Blustein’s book on Argentina. Martin Wolf has a column on Argentina’s restructuring in yesterday’s Financial Times, which I quite liked, for rather obv…

September 16, 2005

Economics
Happy (late) blog birthday

It has been a bit over a year since I started doing this.   I did not anticipate the blog would generate half the audience it has.   I often have focused on relatively obscure topics: the global bala…

March 2, 2006

United States
It is official: the current account deficit doesn’t stem from a boom in investment in intangible assets

OK, maybe not official.  But the Economist, drawing on the work of Carol Corrado, Dan Sichel and Charles Hulten, has the key chart.  Check it out. Investment - including investment in intangible asse…

June 1, 2007

Monetary Policy
$45b for China in April, at least $33b for Russia in May — global reserve growth remains exceptionally strong

China’s reserves apparently increased by $45b in April, rising to $1247b.Krzysztof Rybinski of Poland’s National Bank asks what fraction of China’s April increase is real and what fraction comes from…