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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September 16, 2005
United States
Has the US outsourced creative thinking about external adjustment to … France?
Many have noted that President Bush likes French-style vacations. Not so many have noticed that French economists have been at the forefront of thinking about the US current account deficit, and the…
December 7, 2005
China
There is a consensus: China needs to consume more
See Olivier Blanchard and Francesco Giavazzi's latest paper on China. Blanchard (last seen on these pages back in September) and Giavazzi have laid out a comprehensive economic program for China, o…
December 19, 2005
China
The Chinese conundrum: External (financial) strength, domestic (financial) weakness
I disagree with Michael Mandel on the US current account deficit - I think it is a concern, he doesn't. We also disagree on the US fiscal deficit. He doesn't think it is a big problem; I disagree…
July 24, 2012
Trade
Morning Brief: Poverty Rate Expected to Reach Highest Level Since 1965
The Associated Press reports that the poverty rate is expected to rise from its 2010 level of 15.1 percent; an increase as small as 0.1 percent would be the highest level since 1965. Joblessness play…
October 25, 2012
China
Will the Real Chinese Leaders Please Stand Up?
For more than two decades beginning in 1956, CBS and then NBC aired a television show “To Tell the Truth,” in which a panel of celebrities attempted to identify which one of three contestants was tel…
