Category Archives: China

The Non-Problem of Chinese Currency Manipulation

CAMBRIDGE – America’s two political parties rarely agree, but one thing that unites them is their anger about “currency manipulation,” especially by China. Perhaps spurred by the recent appreciation of the dollar and the first signs that it is eroding … Continue reading

Posted in Analysis, Budget, China, Dollar, Economic Development, Exchange Rates, Financial Crisis, Financial Regulation | Comments Off on The Non-Problem of Chinese Currency Manipulation

Cuba: A Trip Back to 1959

I recently visited Cuba for the first time, to participate in scholarly meetings.  For an American citizen this short voyage requires a leap through hyperspace.   It was my third attempt over ten years to get there.  Obstacles had included both the US … Continue reading

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Economists Polled On Pre-Election Economy

A survey of economists is published in the November 2012 issue of Foreign Policy.  One question was whether we thought that the US unemployment rate would dip below 8.0% before the election.   When the FPconducted the poll at the end of the summer, … Continue reading

Posted in 2012 presidential election, China, Emerging markets, Euro, Financial Crisis, Investing, Labor Market, Obama Administration, Recession | Tagged , , , , , , , , | Comments Off on Economists Polled On Pre-Election Economy

More Black Swans?

I have arguedthat the best way to think of “black swan” events is as developments that, even though low-probability, can in fact be contemplated ahead of time.  Even if they are the sort of thing that has never happened before … Continue reading

Posted in 2012 presidential election, Budget, China, Euro, Europe, Financial Crisis, Inflation, Oil, Uncategorized | Tagged , , , , , , , , | Comments Off on More Black Swans?

China Adjusts

The world is waiting to see whether China has successfully achieved a soft landing, slowing down the economy from its overheated state of a year ago to a more sustainable rate of growth. Some China-watchers fear it could hit the … Continue reading

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