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 »
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 »
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 »
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 »
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 »
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 »
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 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 »
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 »
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