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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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June 23, 2015
Europe and Eurasia
Greece and Its Creditors Should Do a Guns-For-Pensions Deal
IMF Chief Economist Olivier Blanchard has said that Greece needs to slash pension spending by 1% of GDP in order to reach its new budget targets. The Greek government continues to resist, arguing…
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…
December 7, 2005
China
There is a consensus: China needs to consume more
See Olivier Blanchard and Francesco Giavazzi's latest paper on China. Blanchard (last seen on these pages back in September) and Giavazzi have laid out a comprehensive economic program for China, o…
October 3, 2007
Economics
Floating Dubai’s
Apparently, simple yachts are not luxury goods. John Taglibue of the New York Times on Tuesday: “Today a mega yacht is indispensable” said Olivier Milliex, head of yacht finance at the Dutch ban…
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…