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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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March 14, 2006
United States
The 2005 (and 2006) current account deficit
The 2005 current account deficit: $805 billion. or 6.4% of US GDP That is a bit smaller than I expected. The q3 deficit was revised down. Reinsurance payments were higher than initially foreca…
March 14, 2006
United States
Why didn’t the current account deficit start to adjust in 2003? Will the adjustment start in 2006? And where are all the world’s reserves?
I think I can now welcome Brad DeLong to the "gloom and doom caucus, trade deficit division." He joins some pretty good company: Paul Volcker, Robert Rubin, Larry Summers, Warren Buffet, Martin Fel…
March 26, 2006
Monetary Policy
Summers on reserves, exchange rates, the international financial architecture and other big topics close to my heart
Larry Summers has always believed that capital should flow from the already rich and aging societies that constitute the current core of the world economy to the poor and young countries on the perip…
March 27, 2006
Economics
The Economist’s Lexington columnist needs to get out a bit more …
Rather amazingly, the only US public intellectuals that seem to have made it onto Lexington's radar screen come from the American right. The Neocon right and its pet idea (invading Iraq), the eco…
May 10, 2006
United States
Self promotion watch (Treasury foreign exchange report edition)
I was interviewed by Adam Davidson of NPR about the Treasury’s forthcoming foreign exchange report (to be released at 4 pm today). You can hear the results here. Adam Davidson also interviewed the…