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…
June 20, 2005
United StatesThe current issue of Foreign Affairs contains the rebuttal that Nouriel and I wrote to the David Levey and Stuart Brown’s "Current account deficits do not matter" article that appeared in the March/…
October 24, 2005
ChinaAndrew Browne did something somewhat unusual in Monday's Wall Street Journal (see p. A2 of the print edition, unfortunately, I have not been able to find the link). He wrote about China, and got the …
December 4, 2005
Financial MarketsThe yen's trajectory at the end of 2005 seems a bit like the dollar's trajectory at the end of 2004. With the yen at 120, companies like Toyota presumably have little incentive to ramp up their US …
April 28, 2006
We know why the global economy grew strongly in the first quarter. Nothing changed. Or rather, the basic pattern that has driven global growth for the past few years intensified.The US continued t…
September 21, 2006
ChinaIt is rather hard to read Andrew Browne’s report of the building boom in Zhengzhou in last week’s Wall Street Journal --- or for that matter many other accounts of China’s current investment boom – a…