Archive for the ‘international’ Category:

Exports in the Recovery

{ Posted on Nov 03 2011 by Menzie Chinn }
Just a quick observation today, elicited by a question: what has been a consistent source of growth since the recovery began? Read More »

The Dollar and the Renminbi as International Currencies

{ Posted on Oct 26 2011 by Menzie Chinn }
There's been a lot of discussion of the potential rise of the Renminbi as an international currency. In particular, Jeffrey Frankel has recently written a paper on the subject (blogpost), backed in part on research we did in our papers ...Read More »

“Financial Stability in Emerging Markets: Dealing with Global Liquidity”

{ Posted on Oct 25 2011 by Menzie Chinn }
That was the title of a conference in Beijing (October 21st), organized by the Central University of Finance and Economics (CUFE), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), and the German Development Institute (DIE). I had the privileged of delivering ...Read More »

"International Policy Implications and Lessons From the Global Financial Crisis"

{ Posted on Sep 30 2011 by Menzie Chinn }
Last Friday and Saturday, the JIMF 4th Annual Conference at UC Santa Cruz took place, organized by Joshua Aizenman (UCSC & NBER), Robert Dekle (USC) & James Lothian (Fordham University & JIMF) and sponsored by JIMF, SCCIE-UCSC, and the FRBs ...Read More »

Guest Contribution: "Europe’s Lehman Moment"

{ Posted on Sep 17 2011 by Menzie Chinn }
Today, we're fortunate to have a guest contribution by Jeffry Frieden, Stanfield Professor of International Peace at Harvard University, and coauthor of Lost Decades: The Making of America's Debt Crisis and the Long Recovery. This article first appeared on Reuter's ...Read More »

Rebalancing Update

{ Posted on Aug 30 2011 by Menzie Chinn }
Some groups have overstated the need for immediate fiscal retrenchment in order to push an agenda spending cuts, when in fact we face more serious problems of medium and long term spending growth and lagging tax revenues, and overall increasing ...Read More »

Will a Tax Repatration Holiday Spur Investment?

{ Posted on Jul 06 2011 by Menzie Chinn }
I you ask a person prefers to ignore data, the answer might be yes. If you ask a person who looks at the data, the answer is likely no. There are apparently a lot of the former [0]. Anyway, to ...Read More »

Trilemma Indices Updated

{ Posted on Apr 23 2011 by Menzie Chinn }
The Aizenman, Chinn and Ito indices that measure how countries align their policies to conform to the Trilemma [1] [2] [3] have been updated to 2009. Below is a time series plot of exchange rate stability, monetary independence and capital ...Read More »

Exports, Growth Prospects and Rebalancing

{ Posted on Mar 30 2011 by Menzie Chinn }
Exports in Context Anybody who follows forecasts of GDP growth for 2011Q1 will notice that over time, estimates have been revised down (this is true for Macroeconomic Advisers, for instance). The dimmed prospects for GDP growth throws in high relief ...Read More »

Post Disaster: Time to Buy Japanese Stocks?

{ Posted on Mar 28 2011 by Z }
So it seems as though the disaster is almost over in Japan…er, not really, maybe Libya just took over the headlines. Regardless, it’s probably time to start thinking about how the world has been pricing in disaster, and whether ...Read More »