The March trade figures are in at BEA, and many are surprised. Bloomberg reports:
Author Archives: Menzie Chinn
The Empirics of Chinese Trade and Implications of Yuan Appreciation
In previous posts I’ve discussed some of the estimates of aggregate trade elasticities. Some new work presented at a recent IMF conference on Chinese trade suggests that we may need to revise some of our views on the efficacy of yuan appreciation for inducing expenditure switching.
Is the “Investment Disconnect” So Surprising? Could It Be Even More Extreme Than We Think?
There’s been a flurry of discussion about nonresidential investment in the wake of Paul Krugman’s column (purchase required) on the subject. See commentary at Economists View and Brad Delong.
Four Years after “Mission Accomplished”
I thought that it was proper and fitting to evaluate the state of affairs in Iraq four years after President Bush declared the end of major military combat operations in Iraq.
The Economic Integration of Greater China
An assessment of real and financial integration, co-authored by Yin-Wong Cheung (University of California at Santa Cruz Economics), Menzie D. Chinn (University of Wisconsin at Madison La Follette School and Economics) and Eiji Fujii (Tsukuba University, Graduate School).
Further implications of the productivity slowdown for the dollar
In a previous post, I noted that the slowdown in economic growth in the US relative to rest-of-OECD would have a number implications for the dollar’s value in nominal and real terms.
A New Era for the Dollar?
Riding the dollar’s decline.
The Coming (?) US Current Account Adjustment: Two Questions Inspired by Two Graphs
The IMF has recently released its Global Financial Stability report. Two figures inspired two questions from me.
Trade adjustment via import compression or export expansion?
From Saturday’s New York Times, the case is made that the G-7’s dream scenario of global rebalancing, with more rapid growth in Europe pulling up demand for US goods, is finally underway: