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March 27, 2006

United States
Good thing Michael Mandel read my 2004 paper, not my 2005 paper -

With the 2004 paper on US external sustainability, there is at least some possibility that Nouriel's and my dire forecasts will prove to be right.   The core argument of that paper is that the contin…

September 20, 2007

Economics
Trading up - Peking University’s Michael Pettis will be guest blogging here for a few days

There is an awful lot of interest going on in the world -- whether today's rise in long-term treasury yields, the dollar's new lows v the euro and Canadian dollar, the rise in Chinese money market ra…

December 8, 2015

Jennifer Harris: Don’t Underestimate the Importance of Forests in Paris

Deforestation is a critical source of carbon emissions that should not be overlooked in climate negotiations, argues Senior Fellow Jennifer Harris in this guest blog post. Her piece is part of our on…

June 21, 2006

United States
So, is Michael Mandel right? Did intangible income (dark matter) ride to the rescue in the first quarter, offsetting rising US debt?

As Michael Mandel has noted, the US income balance improved in the first quarter – contrary to the expectations of “pessimists” like me.  I would say “realists” – rising debt usually implies rising i…

q1_dark_matter_img1

December 3, 2015

China
Yanzhong Huang: China’s New Rhetoric at COP21

China’s public rhetoric about international climate policy has changed dramatically since the 2009 UN summit in Copenhagen, write Yanzhong Huang, senior fellow for Global Health, and Research Associa…

Chinese President Xi Jinping delivers a speech for the opening day of the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris