On 21 November China’s State Council issued a set of new policy documents (for short, the Sixteen Articles) to stabilise prices. This is encouraging. Policymakers have started to take price increases seriously.
A good example of dealing with macro problems using micro tools
Yiping Huang, 27 November 2010
Chinese networks and tariff evasion
Lorenzo Rotunno, Pierre-Louis Vézina, 24 November 2010
While governments often wish to restrict certain goods from crossing borders, their means and will to do so are often too meagre to discourage business-minded traders. Smuggling is thus prevalent and can result in violence, distorted competition, and loss of tariff revenue (Naim 2005).
Chinese firm and industry reactions to antidumping
Chunding Li, John Whalley, 11 November 2010
Over the last decade, China has been the target for the largest number of antidumping measures of any country in the world. With the onset of the global crisis, antidumping has becomes even more in vogue (Bown 2010).
How credible are China’s threats of economic retaliation in the context of bilateral disputes?
Andreas Fuchs, Nils-Hendrik Klann, 10 November 2010
Even before the announcement of this year’s Nobel Peace Prize laureate, a spokesperson for the Chinese Foreign Ministry warned that the selection of Liu Xiaobo would “damage China-Norway relations.”1 Shortly after the decision, China cancelled a meeting with Norway’s Fisheries Minister Lisbeth Berg-Hansen.
Currency wars and the emerging-market countries
Richard Portes, 4 November 2010
The headlines shout “currency wars”. The US believes China engages in “currency manipulation”. The authorities hesitate to declare this to the US Congress, and the Secretary of the Treasury says “competitive non-appreciation” instead. China accuses the US of excessively loose monetary policy, flooding the world with liquidity.
China’s currency and the US economy
Fred Bergsten, 1 November 2010
In a 19 October column on this site, “A currency war the US cannot win”, Yiping Huang argued that comprehensive policy packages in China and the US, including but ranging well beyond exchange rate realignment, are required to achieve the needed global rebalancing.
Global imbalances, the renminbi, and poor-country growth
Helmut Reisen, 1 November 2010
Discussions on how best to move towards a more balanced world economy have frequently ignored how proposals to redress these imbalances will impact poor countries.
Maddison’s forecasts revisited: What will the world look like in 2030?
Andrew Mold, 24 October 2010
The late Angus Maddison documented how the international economic order had changed dramatically over the preceding 40 years. He was in no doubt that it would continue to do so. In the 1960s, the world was typically divided into a first, second, and third world.
Too much focus on the yuan?
Alan J Auerbach, Maurice Obstfeld, 23 October 2010
China’s trading partners have long criticised the country’s policy of maintaining a weak renminbi.
What does PBOC's latest rate hike tell us?
Yiping Huang, 20 October 2010
On 19 October, the People’s Bank of China announced a series of rate hikes. Although economists have been arguing for monetary tightening for months, this move was a surprise to many in the market.
This policy adjustment tells us several things:
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- 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
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013