Friday, November 27, 2015
  1. China’s Macro Disconnect

    Stephen S. Roach

    China’s Macro Disconnect


     asks why consumer spending is growing at a glacial pace, even as services surge.

    Kiosk salesman in China

    China has been highly successful in transforming the industrial structure of its economy from manufacturing to services, but it has made far less progress in boosting private consumption. The country now has no choice but to address the causes of households' high precautionary saving and low discretionary spending. READ MORE

  2. The Trouble with International Policy Coordination

    Jeffrey Frankel
  3. China’s Multilateral Financial Mobilization

    Erik Berglöf

    China’s Multilateral Financial Mobilization


     expects increased engagement in international institutions to change China more than vice versa.

    Architecture in China.

    China's impending membership in the European Bank for Reconstruction and Development is only one instance of the country's rapidly growing role in the major international financial institutions. The question now is whether China will spur change within these institutions, or vice versa. READ MORE

  4. A Hard Look at a Soft Global Economy

    Michael Spence

    A Hard Look at a Soft Global Economy


     hopes that an honest assessment of slow global growth can spur policymakers to do what's needed.

    World map drawn on brick wall.

    The global economy is settling into a slow-growth rut, steered there by policymakers’ inability or unwillingness to address major impediments at a global level. The question is whether an honest assessment of the impediments to economic performance worldwide will spur policymakers into action. READ MORE

  5. The Fed’s Dollar Distraction

    Gita Gopinath

    The Fed’s Dollar Distraction


     challenges US central bankers' main argument for delaying monetary-policy normalization.

    US Dollar.

    The Fed has delayed increasing interest rates, because policymakers expect that dollar appreciation, by lowering import prices, will undermine their ability to meet their 2% inflation target. But while it is true that some global developments, such as falling commodity prices, push down US inflation, dollar appreciation does not. READ MORE

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