Global Economic Prospects 2014

Five years after the financial crisis, the world economy is showing signs of bouncing back. Read more ...

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Confronting uncertainty

Hans Timmer's picture

The Economist this week led with this subheader: Action on climate is justified, not because the science is certain, but precisely because it is not. The underlying argument is that immediate action is akin to taking an insurance policy—you can’t wait until you have hard evidence in hand, because by that time, you can no longer protect yourself against a catastrophe.

What Does Academic Research Say about the USD/RMB Exchange Rate and Imbalances?

Jamus Lim's picture

After shrinking away from the international economic news for a brief spell, the USD/RMB exchange rate is the hot topic of the day again. Part of this renewed interest is due to the imminent semiannual report by the Treasury to Congress on exchange rate policies (due mid-April), part of it relates to the relevance of a competitive dollar for U.S.