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August 11, 2006

United States
Despite what Lex says, the euro/ dollar does matter

Dean Baker’s critique of Monday’s Lex column on the dollar was on the mark.  Lex made rather selective use of the facts to argue that dollar depreciation (and renminbi appreciation) has little impact…

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January 16, 2006

Financial Markets
The FT’s Lex Blows It: There are a lot more than $125 billion petrodollars out there

I am a big fan of the FT.  But occasionally, it lets me down.  Today for example.The Lex column argues that there is no petrodollar "mystery" because there are no petrodollars circulating through the…

July 8, 2009

Europe and Eurasia
Unemployment

Until the economic crisis, many praised the U.S. model of flexible labor markets for promoting faster growth and low unemployment. But flexibility has a cost: the United States is leading the G7 in…

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December 20, 2006

Financial Markets
With a lag, the financial world notices how rich the oil exporters have become …

The Economist did a big feature on petrodollars.   Breaking views and a host of financial columnists have hinted that Hank Paulson should have paid a visit to Riyahd as well as Beijing.  The BIS attr…

July 30, 2007

Monetary Policy
The shift toward sovereign wealth funds: the policy debate

Both the Financial Times and the Wall Street Journal have done a great job reporting on the rise of sovereign wealth funds.   Joanna Chung and Tony Tassel’s nuanced analysis of the impact of sovereig…