Michael Pettis is Professor of Finance at Peking University and a senior associate at the Carnegie Endowment.
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Michael Pettis
Commentaries by Michael Pettis
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The Debt-Ratio Distraction
BEIJING – A 2010 paper by Kenneth Rogoff and Carmen Reinhart suggesting that a country’s economy will slow when public debt exceeds 90% of G…
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The Saver’s Dilemma
BEIJING – Most of the international financial crises that have occurred over the last 200 years were the result of strains created by the re…
The Debt-Ratio Distraction
PROCYON MUKHERJEE: When we are talking of capability to service domestic debt, the most important ratio is the government debt to revenue ratio, which has been rising continuously. It leads us to examine the rising tide…
The Saver’s Dilemma
Jim Kelley: It is not really savings when someone else consumes it. There is negative global savings, considering the draw on resources. There needs to be real savings for any real stability. Someone, somewhere …