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 28, 2017
China
The IMF’s China Problem
Giving macroeconomic policy advice to a country that saves 46 percent of its GDP is hard. Imprudent domestic policies help limit large external (trade) imbalances, and more prudent domestic policies …
July 27, 2009
China
The problem with relying on the dollar to produce a real appreciation in China ...
Is now rather obvious. The dollar goes down as well as up. Last fall, demand for dollars rose -- in part because Americans pulled funds out of the rest of the world faster than foreigners pu…
November 2, 2007
Monetary Policy
Regional Monetary Integration
Teaching Notes on Regional Monetary Integration by CFR Senior Fellow Peter B. Kenen and co-author Ellen E. Meade.
October 12, 2006
United States
Record trade deficit, hedge funds turn into dollar bulls
Those are two of the headlines on Reuters right now. So much for the notion that hedge funds correct prices that deviate too much from fundamentals. Slowing US growth, a widening trade deficit, b…
September 11, 2006
China
The Wall Street Journal (finally) takes note: Europe, not the US, explains the recent surge in China’s exports
I was tempted to title this blog “$18.8 billion more reasons for Tyler Cowen, Dan Drezner, Greg Mankiw and a host of others to think the RMB isn’t really undervalued.” But that would be a bit…