233 Results for:

March 25, 2005

Economics
Trans-Pacific Real Estate Bubbles

If you think that speculation on real estate has replaced the stock market as the US national pastime, try visiting China.I expected Beijing to be one large construction sites, and was not disappoint…

January 24, 2005

Budget, Debt, and Deficits
Hubbard is in pole position: the Sunday New York Time buried the lede

Apparently the Federal Reserve is beginning to worry that the Administration is not all that serious about reducing the fiscal deficit ... Wonder why. It seems like Martin Feldstein’s concerns abou…

May 28, 2005

A prediction: China will eventually protect its agricultural sector

You know, the global norm is not free trade in agriculture ... If China doesn’t want its peasants to compete against subsidized US and European agricultural exports, I suspect that it has a range of …

January 28, 2006

China
Another great irony of history: The Chinese Communist party is a very profitable real estate company

Max Sawicky noted that key source of recent job creation in the capitalist United States has been the US government, which itself is financed, in no small part by the People's Bank of China.  The…

February 8, 2006

Monetary Policy
The central bank (and oil fund) bid

I am constantly amazed by the concern well paid Wall Street economists display for poor Chinese peasants.    China, you see, cannot revalue the RMB without devastating rural China.  A revalued RMB wo…

March 6, 2006

China
A question for Sebastian Mallaby

Isn't setting the RMB/ dollar exchange rate at levels that keep China's small rice farms (and its interior provinces more generally) competitive sort of like setting Germany's exchange ra…

February 7, 2007

China
US to China: See you in court (maybe)

When I saw that the US was initiating a WTO case challenging China's various tax favors and export rebate, I knew who to turn to for analysis.  Emmanuel -- a regular participant in the comments s…

emmanuel

April 30, 2007

United States
Dani Rodrik, Steve Waldman, China’s impact on US export prices and the risk of “financial” Dutch disease …

Dani Rodrik didn’t take long to stir up the blogosphere (see Steve Waldman, among others).   Rodrik makes an interesting point:   Trade doesn’t cut inflation.   Sure, it lowers prices for impor…

April 29, 2008

Emerging Markets
Borders still matter; “the world isn’t as flat as it used to be”

On Monday, Bob Davis of the Wall Street Journal argued that the world isn’t flat, or at least it “isn’t as flat as it used to be.” National borders matter more. Barriers to the free flow of go…

April 7, 2008

China
Could a stronger RMB help limit food inflation in China

The FT’s Lex -- in the course of article that seems to suggest that the RMB will rise by far less than the market now expects -- says that China doesn’t import enough food for a stronger RMB to have …