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July 24, 2019

International Economic Policy
The IMF (Still) Cannot Quit Fiscal Consolidation…

The IMF's country-level fiscal advice has an adding up problem. The IMF (over time) wants most countries to match the euro zone and head toward fiscal balance. That though would leave the world short…

A woman walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, U.S., May 10, 2018. REUTERS/Yuri Gripas

November 8, 2005

Europe
More flexible labor markets, less business investment?

Apologies for being one day late discussing a Peaple/ Teitelbaum article in Monday's Wall Street Journal called "UK business investment lags."  My title is intentionally a bit overstated, but I was s…

September 16, 2005

United States
Has the US outsourced creative thinking about external adjustment to … France?

Many have noted that President Bush likes French-style vacations.  Not so many have noticed that French economists have been at the forefront of thinking about the US current account deficit, and the…

Has the US outsourced creative thinking about external adjustment to … France?

May 11, 2021

Mali
French Journalist Kidnapped in the Sahel

In April, Olivier Dubois, an experienced French journalist, was kidnapped in Gao, a Malian city on the Niger River. Though his disappearance was soon known by the Malian and French authorities, and by the non-governmental organization Reporters Without Borders, nobody went public with the crime, ostensibly to facilitate the victim's quick release.

A man watches a video on a tablet showing a French journalist in captivity making a plea for his release.

October 17, 2006

China
A trillion dollars here, a trillion there and pretty soon you are talking about real money

I have written extensively about China and Chinese reserve growth recently. So I won’t use Tuesday’s Wall Street Journal article as the spring board for another long post.  Just a sort of long post.T…