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November 18, 2004

Taking away the punch bowl when the party is really getting going?

That is the classic view of the role of the central bank. It extends beyond using monetary policy to prevent "overheating" and price inflation. Most central bank regulate the banking system, and si…

June 23, 2005

United States
How does the Fed imagine the US current account deficit will adjust?

Greenspan does not think a revaluation of the RMB would have a major impact on the US trade balance.The Fed does not think that reducing the fiscal deficit would generate a major reduction in the cur…

April 28, 2005

United States
Central banks, cheerleaders and paper losses

This week’s Economist looks at the "paper" losses that central banks issuing local currency (or selling local currency debt) to buy foreign exchange reserves would incur in the event of the revaluati…

January 27, 2006

United States
Imports surge, GDP and exports don’t …

The market thinks that the (bad) q4 GDP number is old news; the economy is looking far better in q1.   The market is also banking on stronger export growth to help support US growth in 2006.  See Jus…

March 5, 2006

Financial Markets
Subsidized both by the Chinese government and the US government …

I am talking about housing, of course.  And it seems everyone else is too.   Starting with the New York Times Magazine.    No wonder.   Everyone wants to know what will happen to real estate prices…

March 26, 2006

Monetary Policy
Summers on reserves, exchange rates, the international financial architecture and other big topics close to my heart

Larry Summers has always believed that capital should flow from the already rich and aging societies that constitute the current core of the world economy to the poor and young countries on the perip…

April 1, 2010

South Korea
Carbon Capture and Storage Ramps Up in the United States and South Korea

Jill Kosch O’Donnell is a former Junior Associate of The Asia Foundation and writer in Washington, DC. Demonstration projects now underway in the United States and South Korea to capture CO2 emissio…

Korea Electric Power Corporation (KEPCO)

April 7, 2010

China
Making Sense of China’s Energy Intensity Statistics

Stephen Howes (via Roger Pielke) takes a look at recent Chinese statistics and calls recent Chinese claims to have cut energy intensity by 14.38% from 2005 to 2009 into question. I’ll be the last pe…

June 7, 2010

Fossil Fuels
Obama Needs More Oilmen

President Obama caught some flak last week for appointing former EPA Administration William Reilly to cochair his oil spill commission. Rachel Maddow’s blog has highlighted the fact that Reilly sits …

May 17, 2010

China
Will China Follow Lomborg’s Advice on Carbon Taxes?

Barbara Finamore at NRDC has a nice rundown of internal Chinese discussions about imposing a carbon tax beginning in 2012. A Chinese carbon tax would be a positive development. But it’s important for…