Council of Councils
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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…
March 9, 2005
Monetary PolicyThe dollar is under a bit of pressure today. The renminbi keeps falling too. The logic behind China’s tight peg to the dollar continues to elude me. The US dollar needs to depreciate as part of an…
July 21, 2005
But the change against the dollar is small. Very small. Too small in my view to have much of an economic impact, in any way. On trade flows. Or on capital flows. I would still bet on a furth…
August 1, 2005
Chinais hard, but James McGregor gave it a go in the Sunday Washington Post: It is difficult to overstate the transformation that has swept China in the past 15 years. To frame it in terms of comparable h…
November 17, 2005
Chinawith money the Treasury borrows from China? Ok, China, Russia and Saudi Arabia ... The answer so far has been yes. The Pentagon - or at least influential voices in the Pentagon - want to discoura…
February 13, 2006
Monetary PolicySome would say it never really went away.Emerging market economies did not stop accumulating reserves in 2005. Best I can tell, adjusting for valuation effects and including all the foreign assets o…