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…
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November 14, 2005
Financial Markets
Who is financing the US - A Quick Update
What do China, Russia, Malaysia, Saudi Arabia and the other Persian gulf oil sheikdoms have in common?Quite a lot, actually: All have significant current account surpluses. China's surplus is all th…
December 30, 2005
Economics
Things I got wrong in 2005
Alas, this list is rather long. There is a reason why Mike Dooley ended the first segment of our Econoblog debate by noting that he had been right (and I and other worry warts had been wrong) for 2…
July 17, 2006
Financial Markets
If the IMF wants to be relevant in the debate on global rebalancing ….
It needs to be willing to issue yellow—and even red – cards to countries running a balance of payments surplus, not just countries running a deficit. I applaud the IMF’s willingness to criticize …
May 16, 2007
Financial Markets
The great oil spending spree of 2006 (and 2007)
I am a fan of the IMF’s new regional outlooks. They generally provide more timely – and more topical – information about the major regions of the world economy than either the WEO or the country le…
December 23, 2007
Capital Flows
A Saudi investment authority?
The FT broke a major story -- at least in my world -- late on Friday. The Saudis are about to set up a sovereign wealth fund: Saudi Arabia plans to establish a sovereign wealth fund that is expecte…