Archive for September, 2010
Morris Goldstein says the September 12 accord in Basel on new rules for bank capital reserves falls short of the goal of safeguarding the system against future crises. Edited transcript, recorded September 13, 2010. © Peterson Institute for International Economics. Steve Weisman: Global banking regulations are again in the headlines. This is Steve Weisman at […]
William R. Cline discusses his findings that show how an appreciated Chinese currency would, over two years, lower China’s current account surplus.
Edited transcript, recorded September 16, 2010. © Peterson Institute for International Economics.
Steve Weisman: With the issue of China’s currency heating up, we have today William Cline, senior fellow at the Peterson Institute for International Economics, to talk about the implications and some of the aspects of the debate. This is Steve Weisman at the Petersen Institute. Welcome, Bill.
William R. Cline: Thank you.
Steve Weisman: You’ve done a recent study of one aspect that’s been disputed by China and some others on the issue of whether or not—if China’s currency were to rise—it would have much of an impact. Tell me about some of your conclusions.
One of the few ways in which France remains exceptional in Europe is the continued economic lunacy of its main center-left Socialist party and utterly unrepresentative labor unions.1 The positions taken in the recent debate over increasing the French retirement age provide the latest example, and they raise serious questions about the feasibility of Dominique Strauss-Kahn (DSK) leaving the International Monetary Fund (IMF) and returning to France as a presidential candidate for the Socialist party in 2012.
Testimony before the Hearing on the Treasury Department’s Report on International Economic and Exchange Rate Policies, United States Senate Committee on Banking, Housing and Urban Affairs.
Howard F. Rosen explains how the recession has exposed and exacerbated long-term structural trends hampering employment growth in the United States.
Edited transcript, recorded September 1, 2010. © Peterson Institute for International Economics. Steve Weisman: With Labor Day approaching, the United States is experiencing a jobless recovery, if you could call it a recovery. This is Steve Weisman at the Peterson Institute for International Economics with Howard Rosen, a specialist on labor issues at the Peterson Institute, to talk about why we aren’t recovering and why the jobs aren’t coming back. Thanks, Howard.
In recent days the eurozone has reentered the headlines (in USA Today, the Financial Times, and the Wall Street Journal among others) amid fears of another round in the continent’s sovereign debt crisis and rising peripheral bond spreads. Yet contrary to the tone of some commentary, this is excellent news. It should be welcomed by anyone interested in the long-term economic health of the eurozone. It means also that financial markets are finally policing the economic policies of troubled eurozone members and punishing the laggards in real time.
Michael Mussa says the latest disappointing economic numbers indicate a slower pace of growth and a possible rise in unemployment, and that a return to recession cannot be ruled out.
Edited transcript, recorded August 20, 2010. © Peterson Institute for International Economics.
Steve Weisman: Is the recovery in the United States sputtering to a close? Michael Mussa, senior fellow at the Peterson Institute for International Economics, is here today with me, Steve Weisman, at the Institute to tell us how to interpret the latest numbers on the economy on August 20. Mike, thanks for joining me.
By Mohsin S. Khan and Shuja Nawaz
The floods in Pakistan have affected one-fifth of the country (an area roughly the size of England) and engulfed large parts of all four provinces—Punjab, Balochistan, Sindh, and Khyber Pakhtunkhwa (formerly the North West Frontier Province). The vast scope of the damage makes this a truly national disaster bearing long-term economic and political consequences for the whole country. With waters still rising, it is far too early to assess the economic costs, which will continue to mount. A proper assessment will be made in time by the government of Pakistan, assisted by the United Nations and the World Bank, but some indicators already allow for a preliminary and admittedly impressionistic view of the damage.