Monthly Archives: August 2010

Stylized facts and ‘factual facts’

It’s been said that China’s economic development is a qualified ‘win’ for developing countries, particularly the poorest. That’s almost a stylized fact. I’d say it’s a ‘factual’ fact too. At least if the Pew Global Attitudes survey is anything to … Continue reading

Posted in Uncategorized | Leave a comment

Currency Exchange Rate Oversight Reform Act of 2010

Contributions to campaign committee and leadership PAC, Charles Schumer: source: Center for Responsive Politics Senator Schumer is a longtime sponsor of legislation for sanctions against China, on the basis of “unfair” currency practice or “currency manipulation”. His latest is the¬†Currency … Continue reading

Posted in Uncategorized | Leave a comment

Just sayin’

Posted in Uncategorized | Leave a comment

Eurozone report card — what I didn’t/couldn’t say

Thoughts on what I could not say in today’s Oxford Analytica piece — this time down to lack of space and a desire to preserve a detached tone. The piece is “Euro-area report card”, on how the externally-weaker eurozone members … Continue reading

Posted in Uncategorized | Leave a comment

Ghosts of crises past

One way I introduce the topic of the eurozone troubles is to review crises of recent decades. As is usual with currency crises, they compel some pretty heated rhetoric. It’s not surprising. When the currency is mismanaged — badly mismanaged … Continue reading

Posted in Uncategorized | Leave a comment

Adjusting to shocks: How are we doing? (Part II)

Italysource: open-thinking.com Portugalsource: open-thinking.com Spainsource: open-thinking.com Italy and Portugal do not appear massively overvalued on these measures, about eight percent above where they started in 2000. This should not be hard to remedy. Spain has a further road to travel, … Continue reading

Posted in Uncategorized | Leave a comment

Adjusting to shocks: How are we doing?

Fragrant Harbor I gave a lecture to Georgetown MBA and public policy students here this morning, on the travails of the eurozone. Preparing this presentation forced me to collect the data and assess how “adjustment” is going so far in … Continue reading

Posted in Uncategorized | 1 Comment