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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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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…
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…