Today we are pleased to present a guest contribution written by Jeffrey Frankel, Harpel Professor of Capital Formation and Growth at Harvard University, and former Member of the Council of Economic Advisers, 1997-99. This is an extended version of a column that appeared in Project Syndicate.
Category Archives: international
“Global Growth: Too Slow for Too Long”
That is the title of a post by Maury Obstfeld, Chief Economist at the IMF, on the occasion of the release of the April 2016 World Economic Outlook forecasts.
US Financial Openness under a President Trump
Mr. Trump has proposed blocking remittances of illegally earned wages to Mexico as a means of inducing Mexico to pay for a border wall. What does this imply for financial openness?
Recent moves in oil prices
Today I discuss the factors that brought oil prices so far down and more recently back up.
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Guest Contribution: “Capital Control Measures: A New Dataset”
Today we are pleased to present a guest contribution written by Andrés Fernández (IDB), Michael W. Klein (Tufts), Alessandro Rebucci (Johns Hopkins Univ.), Martin Schindler (IMF and JVI) and Martín Uribe (Columbia Univ.). This post is based upon this paper. The findings, interpretations, and conclusions expressed in this article are entirely those of the authors. They do not necessarily represent the views of the InterAmerican Development Bank, the International Monetary Fund, the Joint Vienna Institute, their Executive Directors, or the countries they represent.
Spreads and Recession Watch, March 2016
Five Thirty Eight warns us to prepare for a (not likely imminent) recession; Wall Street Journal‘s Real Time Economics cautions “All Clear on Recession Risk? Not Yet”, even if the latest employment indicate continued growth. Time to review market indicators of the outlook.
“Is Currency Devaluation Overrated?”
That’s the title of a symposium in the current issue of The International Economy. Martin Feldstein, Ted Truman, Joe Gagnon, Bill Cline, Mohamed El-Erian, Cathy Mann, and José de Gregorio (among many others) contribute.
Guest Contribution: “How to Mitigate Adverse Spillovers from BRICS? Role of Policies”
Today we are pleased to present a guest contribution written by Raju Huidrom, M. Ayhan Kose, Franziska Ohnsorge, and Lei Sandy Ye, all of the World Bank. The findings, interpretations, and conclusions expressed in this article are entirely those of the authors. They do not necessarily represent the views of the World Bank, its Executive Directors, or the countries they represent.
Guest Contribution: “Argentina: A Big Change with Problematic Initial Conditions”
Today, we are pleased to present a guest contribution written by Maria Muniagurria, faculty member in Economics at the University of Wisconsin – Madison.
A little over two months ago, Mauricio Macri began his tenure as president after his coalition of center-right parties prevailed over the ruling party’s candidate by a small margin.
The RMB’s Future: Four Views
At the last ASSA meetings in San Francisco, I participated in a Society for the Study of Emerging Markets panel entitled “Can the Chinese Renminbi Rule?: If So, How and When?”