Those were some of the topics covered at the West Coast Workshop on International Finance and Open Economy Macroeconomics, held last Friday on the beautiful UC-Santa Cruz campus, co-organized by Helen Popper (Santa Clara University), Michael Hutchison (UC Santa Cruz), and Carl Walsh (UC Santa Cruz).
Category Archives: international
Economic importance of China
How important would an economic downturn in China be for the United States?
Continue reading
Yuan Undervaluation?
As noted in The Hill, from a letter written by key House and Senate leaders to President Obama:
The continued misalignment of China’s currency is unsustainable and unacceptable.
Guest Contribution: “The 30th Anniversary of the Plaza Accord”
Today we are fortunate to have 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.
Liftoff: Empirical Assessment of the Implications for the Dollar
I have been stressing the international implications of a potential interest rate increase as a rationale for deferring monetary tightening. Export growth is slowing and economic activity in the tradables sector (manufacturing output, manufacturing employment) as the dollar has appreciated. [1] [2] How much more appreciation should we expect should the Fed tighten?
Manufacturing, the Dollar and Implications for Monetary Policy
One of the bits of information in the employment release was a decline in manufacturing employment. When added to declining exports and stagnant manufacturing output growth, the case for near-term monetary policy tightening seems more tenuous to me.
Countering the Manitoba Menace
Or, “President Obama, build up this wall!”
Guest Contribution: “Capital Controls in Brazil: Effective”
Today we are fortunate to present a guest contribution written by Marcos Chamon, Senior Economist in the Research Department of the International Monetary Fund, and Márcio Garcia, Associate Professor of Economics at PUC-Rio. The views expressed in this blog are solely those of the authors and do not necessarily represent the views of the IMF, its management, nor its Executive Board.
On China, and Preventing the Financial Runs of August
Reasoned analysis and careful decisionmaking is required.
China’s economic slowdown
U.S. stock prices as measured by the S&P500 fell almost 7% last week. What’s going on?
Value of S&P500 index over last 3 months. Source: Google Finance.
Continue reading