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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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November 20, 2014
Europe and Eurasia
Bank Valuations Tank as ECB Flubs Its Stress Test
Low market valuations (i.e., price to book ratios) for euro area banks reflect market concerns over their capital cushions, opined the Bank of England just prior to last-year’s launch of the ECB s…
October 10, 2014
Monetary Policy
Are Fed Doves Mucking with Future Unemployment Estimates to Justify Dovishness?
Do Fed doves and hawks get their aviary classifications based on their cold, hard analysis of data, or is it the reverse – do they select data points to justify their dovish or hawkish perspective…
March 28, 2014
Europe and Eurasia
IMF Reform and Ukraine: Amateur Hour for U.S. Economic Diplomacy
In our March 5 post, we argued that the Obama administration linking Ukraine aid to IMF reform was disingenuous and counterproductive. We were right: the legislation failed, congressional Republi…
June 24, 2015
Europe and Eurasia
A Full Greek IMF-Debt Default Would Be Four Times All Previous Defaults Combined
Since the IMF’s launch in 1946, 27 countries have had overdue financial obligations of 6 months or more.* But the amounts involved have always been small, never exceeding SDR 1bn ($1.4bn). This …
September 16, 2013
Monetary Policy
Why the Labor Data Point to a September Fed Taper
The August “jobs report is an important reminder that all this tapering talk is insane and dangerous,” pronounced Slate economics writer Matt Yglesias, reflecting the consensus of the econo-commen…
