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April 16, 2007

Financial Markets
C. Peter McColough Series on International Economics: Jean-Claude Trichet

Watch Jean-Claude Trichet, president of the European Central Bank, discuss emerging trends in global economic integration and the response of international financial institutions.

April 16, 2007

Financial Markets
C. Peter McColough Roundtable Series on International Economics: A Conversation with Jean-Claude Trichet

The C. Peter McColough Roundtable Series on International Economics is sponsored by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies. 5:30 - 6:00 p.m. Reception6:00 …

January 18, 2007

Financial Markets
Do lower oil prices mean the end of the saving glut?

That is question Justin Lahart raises in his Wall Street Journal column. His answer is a qualified yes.  I would answer with a qualified maybe.  Or maybe with a muted yes.   The oil exporters have sh…

December 4, 2006

Monetary Policy
What have Asian central banks been doing over the past few weeks?

Buying dollars to stem their currencies rise?Selling euro to keep the dollar share of their portfolio constant as the value of their existing holdings of euro rises?Or selling dollars to try to reduc…

June 11, 2007

Monetary Policy
“Asia’s importance in the bond market cannot be overstated”

That quote doesn't come from me -- but from someone with a bit more authority: Jim Caron, co-head of global interest rate strategy at Morgan Stanley (quoted by Michael MacKenzie in Monday's F…

central_bank_demand_quarters

April 17, 2006

Economics
Does the Journal think 6.2% is a credible forecast for the 2006 US current account deficit?

The actual source for this forecast is Moody's Economy.com.   But the Journal now uses Moody's Economy.com regularly for their "Global economic snapshot" (page a8 of the print editition).  Th…

January 5, 2007

United States
It may take more than strong growth abroad to bring the US trade deficit down …

There is a lot of talk now about how stronger growth outside the US (along with somewhat slower US growth) will bring the trade deficit down.    See among others Justin Lahart’s column in Thursday&#3…

bilateral_balances

June 6, 2007

Monetary Policy
Emerging Asia: generally still intervening

Justin Lahart’s column today noted – quite correctly – that a slew of emerging Asian economies have allowed their exchange rates to appreciate against the dollar this year.   The verb “allow” is…

thailand_fx

March 4, 2008

Emerging Markets
The great emerging market inflation of 2007 and 2008

In a recent FT oped on China, Ken Rogoff had a great one-liner:"Those who think inflation is caused by too little pork rather than too much money are wrong."Replace pork - culturally inappropriate fo…

April 20, 2008

Economics
Inequality in America

Unions in the American manufacturing sector used to have the bargaining power to secure a middle class wage for their members. Not any more. And no one else – apart from corporate CEOs, hedge fu…