Bergsten: The Dollar and the Deficits
Fred Bergsten has a lengthy piece titled “The Dollar and the Deficits” in Foreign Affairs. In brief: “The global economic crisis has revealed the folly of large U.S. budget and trade deficits, as well...
View ArticleBernanke on imbalances’ role in the crisis
NYT: “Ben S. Bernanke, the chairman of the Federal Reserve, said on Monday that global trade imbalances played a central role in the global economic crisis and warned that the both the United States...
View ArticleIs China’s currency undervalued? And what to do?
Simon Lester rounds up many views from the renminbi discussion that’s been reinvigorated over the last two weeks or so.
View ArticleToday at Vox
There are two columns on important, big-picture topics at VoxEU today. Martin Ravallion: The World Bank’s estimate of China’s real GDP per capita was revised down by 40% in 2005. This column explains...
View ArticleUS Treasury delays April 15 currency manipulation report
Geithner: I have decided to delay publication of the report to Congress on the international economic and exchange rate policies of our major trading partners due on April 15. There are a series of...
View ArticleThe US-Sino Currency Dispute: New Insights from Economics, Politics, and Law
The US Treasury didn’t issue its currency manipulator report today, but there’s still plenty of reading material on the renminbi being published. The CEPR eBook The US-Sino Currency Dispute: New...
View ArticleDo IPAs improve export sophistication?
Torfinn Harding and Beata Javorcik on FDI and export unit values: This study presents evidence suggesting that attracting inflows of FDI offers potential for upgrading a country’s export basket. The...
View ArticleHouse votes 348-79 to authorize punishing renminbi undervaluation
WSJ: The measure would allow, but not require, the U.S. to levy tariffs on countries that undervalue their currencies. The bipartisan support highlights lawmakers’ long-simmering frustration with...
View ArticleEscalating the US-China currency dispute without tariffs
Daniel Gros and Fred Bergsten are proposing that the US use policy instruments other than tariffs to pressure China to appreciate the renminbi. Gros: But there is another way. The US (and Japan) could...
View ArticleTransfer pricing in the headlines
Bloomberg: “Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes”
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