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September 4, 2005

China
If it is still a dollar peg, where is the monetary policy flexiblity?

I rarely agree with Steven "trade deficits do not matter" Jen.   His models for G3 exchange rate determination leave out a variable - the pace at which the US is adding to its external debt and its r…

October 7, 2005

China
Speculation on the renminbi to heat up?

It is hardly a secret that the head of China's central bank, Zhou Xiaochuan, favors letting the renminbi appreciate further.  He proposed a bigger revaluation in the summer, but was overruled by the …

October 14, 2005

Financial Markets
Are tax breaks for houses at risk?

Last weekend's Los Angeles Times (via the Economist's View) article on Bush's advisory commission made it pretty clear that at least one member of the commission, Charles Rossotti, had  tax breaks fo…

April 3, 2006

China
Grassley-Baucus-Adams? And (another) long rant about the Economist …

The Treasury doesn't want to declare China to be guilty of manipulation.   Picking a fight with one of your biggest creditors isn't smart.  Right now, no one is buying more US debt (China buys a lot …

Grassley-Baucus-Adams?  And (another) long rant about the Economist …

March 10, 2007

Dhananjai Shivakumar: In memoriam

This is a different kind of post – far more personal and far more painful.   Those looking for commentary on the global economy should check back next week. Almost two weeks ago, I learned that my de…