As the US trade deficit continues to swell, the denizens of Capitol Hill are back on the warpath against their favourite bogeyman—the Chinese economy. The rising US bilateral trade deficit with China provides ammunition (made in China!) for those who want to argue that Chinese trade policies are at the root of the problem.
Reframing the debate about the Chinese Renminbi
Marvin Goodfriend, Eswar Prasad, 22 August 2007
Latin America and the Asian giants
Daniel Lederman, Marcelo Olarreaga, Guillermo Perry , 8 August 2007
China's and India's fast economic growth during the past decade is paralleled only by their growing presence in policy discussions throughout the Latin America and the Caribbean (LAC) region.
Challenges for Rato’s successor
Jean Pisani-Ferry, 6 July 2007
Within hours of the announcement of Rodrigo de Rato’s surprise resignation from the International Monetary Fund (IMF), pundits and officials started speculating about his successor.
What can we learn from successful autocracies?
Tim Besley, Masa Kudamatsu, 5 July 2007
One of the most striking economic phenomena of the past twenty years is growth and development in communist China. Rates of growth in income per capita of around 10% per annum have led to one of the largest falls in absolute poverty that the world has ever seen. But, while China has embraced many aspects of the market, it has resolutely opposed most aspects of demo
Asian regionalism: threat to the WTO-based trading system or paper tiger?
Richard Pomfret, 22 June 2007
The GATT/WTO system is based on the principle of nondiscrimination, the unconditional MFN principle enshrined in Article I of the GATT.
Das (Wasted) Kapital: Is China Investing Too Much?
Shang-Jin Wei, 16 June 2007
The breakneck growth rate of the Chinese economy is in large part driven by capital accumulation (and exports). As the diagram shows, the country’s investment to GDP ratio has been high and rising in recent years, exceeding 40% of GDP in 2005. This is much higher than even the high rates observed in East Asia before the 1997 Crisis.
Signs of modest but steady increase in flexibility in Chinese exchange rate regime
Jeffrey Frankel, Shang-Jin Wei, 23 April 2007
The nature of the regime governing the Chinese exchange rate is a key global monetary issue that bears directly on what may well become one of the key features of international political economy in the 21st century: the rise of China and its likely long-run challenge to the hegemony of the United States. But what do we know about the nature of the regime?
- The case for 4% inflationBall
- Helicopter money as a policy optionReichlin, Turner, Woodford
- The banking crisis as a giant carry trade gone wrongAcharya, Steffen
- Everything the IMF wanted to know about financial regulation and wasn’t afraid to askBair
- Rethinking macroeconomic policy: Getting granularBlanchard, Dell'Ariccia, Mauro
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Baldwin, Kawai, Wignaraja, 11 June 2013
Giavazzi, Portes, Weder di Mauro, Wyplosz
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin