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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April 19, 2024
United States
Election 2024: Donald Trump Declines to Fight Aid to Ukraine
Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Donald Trump has chosen to stand aside as the House of Representatives moves to vote on aid to Ukra…
July 31, 2007
China
Eswar Prasad: China’s exchange rate policy isn’t working
The headline is mine. Don’t blame Dr. Prasad. But that is the conclusion I took away from Eswar Prasad’s most recent paper. I usually write about how China’s exchange rate policy distorts the…
October 8, 2023
China
Can China Reduce Its Internal Balances Without Renewed External Imbalances?
The rest of the world has a big stake in whether China responds to the demand drag from its construction and real estate slump with looser monetary policy or with direct stimulus to households.
September 12, 2006
China
The IMF can do better
It is pretty clear by now that China’s trade surplus is going to be in the $150b range, and its current account surplus is going to be well above $200b The IMF does itself no favors by releasing a f…
January 25, 2016
China
The Fits and Starts of China’s Economic Reforms
Over the past several months, it has become more than a full-time job trying to figure out what is going on in the Chinese economy. There have been many good efforts to make sense of all the disparat…
