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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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August 29, 2006
Economics
Wages, Walmart and the debate about the Global Economy -
Both the Financial Times (Krishna Guha) and the Wall Street Journal (Greg Ip) ran articles summarizing the papers presented at Jackson Hole. I liked Guha’s summary more than Ip’s summary, largely b…
April 18, 2006
China
Not working — China’s attempts to rebalance its economy
China's leaders talk of rebalancing the basis for Chinese growth, shifting from exports and investment to consumption. That makes a lot of sense to me. China's economy is every bit as unbalanced a…
August 19, 2005
China
Comments on Dooley, Garber and Folkerts-Landau: part 1, China
As usual, Michael Dooley, Peter Garber and David Folkerts-Landau are provocative. And in a lot areas, the arguments made by those - like Dooley, Garber and Folkerts-Landau -- who argue that the Brett…
October 26, 2006
Monetary Policy
Trillionaires R Us
The rewards for guestimating the currency composition of China’s reserves pale relative to the rewards for lending your credibility to China’s effort to clean up and recapitalize its banking system. …
August 1, 2005
China
Can China add close to $300 b to its reserves a year and have no impact on the bond market?
Rarely do I disagree with the premise of an article more than with the Mark Whitehouse Friday C1 Wall Street Journal article "China's Move Makes No Waves in Bond Market." Premise. China moved. It…