Econintersect Analysis Blog
Tag Archives: dollar
Guest Author: Stephanie Kelton Federal Reserve Chairman Ben Bernanke gave his fourth lecture at George Washington University yesterday. Buried in the lecture, beginning at about 19:18 in the video (shown below), Bernanke explained where the Fed got the money to … Continue reading
by Dirk Ehnts The U.S.-China Economic and Security Review Commission released its 2011 Annual Report to Congress on November 16, 2011.Below I discuss some paragraphs where I think the authors are mistaken in their beliefs. China’s foreign currency reserves are … Continue reading
There is a possibility that protracted inflation in China could contribute to a curative effect on the negative current account balance of the U.S. However, the complexities involved do not make that outcome a foregone conclusion. Part of the impacts will involve increased costs for imported goods in the U.S. and another could be an increase in U.S. exports and improvement in American wages. Prof. Chinn points out some of the complex trade-offs that impact the ossible outcome scenarios. Continue reading
Because of a number of factors, the renminbi has appreciated roughly 30% over several years yet is still undervalued against the dollar by about the same amount as several years ago. Continue reading
The damage arising from mounting agricultural and other strategic commodity prices will be a painful affair for the BRIC’s and perhaps too eventually for the “advanced” economies.
CPI continues to reflect low consumer price inflation. That is consistent with a slow growth environment, but a weakening dollar implies upward pressure on CPI. The CPI data could be a result of a weakening dollar rather than growth. Continue reading