China is grappling with rising inflation. Annual consumer price inflation reached a 28-month high of 5.1% in November (Financial Times 2010a). And even though inflation figures for December were a bit lower, at 4.6% (Financial Times 2011a), they still contained rising prices, especially of staple foodstuffs.
Chinese inflation, monetary policy and the dollar peg
J James Reade, Ulrich Volz, 18 February 2011
China’s dilemma: Higher inflation or deflation of exportables
Domingo Cavallo, Fernando Díaz, 17 February 2011
The course of inflation in China in the second half of 2010 and the beginning of 2011 is leaving Chinese authorities with a difficult choice. Either they allow a more rapid pace of appreciation of the renminbi or they accept an inflation rate much higher than that in mature economies.
The fog of currency war
Avinash Persaud, 16 February 2011
One way to expose the economic mumbo-jumbo that is applied to the Chinese exchange rate by otherwise respectable economists is to look at it from the perspective of Germany and international trade.
Who’s afraid of the big bad dragon? How Chinese trade boosts European innovation
Nicholas Bloom, Mirko Draca, John Van Reenen, 3 February 2011
Twin spectres are haunting Europe and the US – the growing economic power of China and fears about where the West’s own growth will come from after the crisis. This has been driven by the tremendous growth of imports from China, as shown in Figure 1 (see also Keller et. al 2010).
Before the Great Divergence: The modernity of China at the onset of the industrial revolution
Jan Luiten van Zanden, 26 January 2011
One of the big debates in economics is about the causes of the arguably most dramatic change in development trajectory in (recent) world history, the industrial revolution.
The puzzle of China’s rising household saving rate
Marcos Chamon, Kai Liu, Eswar Prasad, 18 January 2011
Economists have repeatedly warned policy-makers about imbalances in the global economy, including those caused by the actions of China in running up a colossal current-account surplus.
Currency tensions: What historical parallels teach
Uri Dadush, Vera Eidelman, 20 December 2010
Today’s currency tensions are the result of a complex set of forces arising from the Great Recession (Claessens et al. 2010 and Evenett 2010). Understanding the present, however, is frequently eased by an understanding of the past.
China’s soaring foreign trade: Made in Britain, c. 1840?
Wolfgang Keller, Ben Li, Carol H Shiue, 19 December 2010
Talk about market access restrictions. Until the year 1840, China’s international trade was limited to only a handful of local firms in a single port, Canton (Guangzhou). That did not sit well with Western countries who wanted to import more and more silk and porcelain from China in exchange for Western goods. Trade liberalisation came swiftly in the form of British gunboats.
Who gains from a renminbi revaluation?
Uri Dadush, Shimelse Ali, 9 December 2010
A gradual renminbi revaluation will help China and a few other countries that compete with China. It will also make China’s growth more balanced and resilient, which is in the general interest.
Globalisation’s impact on inflation in the European Union
Raphael Auer, Andreas Fischer, 5 December 2010
It is anyone’s guess where EU inflation is headed once the effects of the financial and sovereign debt crises settle. What is certain, however, is that the inflationary process after the crises will be shaped by the same long-term structural developments that helped create the low-inflation environment in the years leading up to 2007.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- 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
Adelman, 28 October 2013
Reichlin, Giugliano, 7 November 2013
Holmes, McGrattan, Prescott
Beck, De Haas, Ongena
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouch