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October 4, 2006

United States
Martin Wolf: The US had no choice …

Stephen Roach thinks that China’s exchange rate policy plays (almost) no role in an unbalanced world; it all stems from the Bush Administration’s loose fiscal and the Fed’s loose monetary policy.  St…

June 27, 2005

China
Martin Wolf makes sense (the Economist does not)

Martin Wolf’s FT column makes a number of crucial points:1) Asia has let undervalued exchange rates (and reserve accumulation) substitute for policies to promote domestic demand. The (growing) back…

June 28, 2005

United States
More wisdom from Martin Wolf

Having laid out the problem on Monday, Martin Wolf offers his solutions in tomorrow’s Financial Times. He presents three answers to the question "what is to be done"One answer is: nothing. Let each c…

December 22, 2004

One more point on Martin Wolf

It is a simple point, but an important one. Wolf says the United States would be fine if it reduced its current account deficit from 6% of GDP to 3% of GDP. External debt to GDP then stabilizes at …

June 8, 2006

China
One small point of disagreement with Martin Wolf on China

More often than not, I find myself agreeing with Martin Wolf.    His recent column summarizes what China should do far more succinctly than I ever coulChina, in short, needs better balanced growth: i…

December 22, 2004

Martin Wolf explains the fall in the renminbi-dollar

Martin Wolf did the math: it turns out the renminbi-dollar zone has a current account deficit (projected) of $260 billion with the world this year. The United States’ current account deficit of $650…

April 1, 2006

Emerging Markets
Martin Wolf must have an amazing research assistant …

Either that or he has a lot of time on his hands.The powerpoint slides that accompany his John Hopkins lecture series on the Global Economy are amazing.  And not just because they are all shaded FT p…

April 19, 2005

Emerging Markets
Martin Wolf, Korea’s Central Bank, and Collateralized Debt Obligations

Somehow, all three are linked together today in my mind. And at some level, they do all connect. As Martin Wolf notes, Asia’s current account surplus (savings surplus) shows up in the phenomenal gr…

June 1, 2007

China
The World Banks shows just how a large a policy shift Martin Wolf (and Nick Lardy) are proposing for China

The World Bank estimates that net exports contributed 3.3 percentage points to China’s growth in q1, “broadly the same as in the second half of 2006 and higher than expected.”  And from the accompany…

January 16, 2020

United States
Five Questions About the Senate Impeachment Trial Answered

The impeachment trial of President Donald Trump began today as the House trial managers read the articles of impeachment on the Senate floor and Chief Justice John Roberts swore in ninety-nine U.S. s…

Impeachment