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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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January 28, 2009
Monetary Policy
Central banks were not the big buyers of synthetic triple AAA …
Ricardo Caballero argues that the current crisis stems from (flawed) efforts to construct safe assets out of risky assets in order to meet a surge in investor demand for safe assets. He is on to som…
November 26, 2006
Monetary Policy
Does China’s (de facto) dollar peg limit China’s capacity to diversify its reserves?
The dollar hasn’t recovered from the Thanksgiving sell-off. At least not in Asia. The won is not as strong as it has been since Korea's own crisis back in 1997. Those with dollar exposure – par…
April 4, 2007
United States
The income balance — the new driver of the US current accout deficit?
Many analysts believe – extrapolating from the q4 data and the stabilization of the non-oil trade deficit – that the US current account deficit has peaked. Stephen Jen is the most prominent example,…
April 16, 2008
Economics
Blog envy: on Europe, the G-7 and the Fed
Paul Krugman (who hardly needs a plug from me), Macro Man and Steve Waldman (of interfluidity) have all written posts that I wish I had written. Krugman elegantly shows that a lot of American stereo…
August 12, 2005
United States
The June trade data. Changes in relative prices do matter
The June trade deficit -- $58.8 billion -- was a bit bigger than the market expected, and quite a bit bigger than the May deficit ($55.4 b). Annualized, it works out to a $706 billion trade deficit…