Beijing is telling local governments “that they should first & foremost rely on themselves,” says Tianlei Huang.

“Many localities are very good at wasting money, because they for a long time were not subject to any hard budget constraints.'
wsj.com/world/china/ch…

Policies expanding access to lawful crossing can serve as a partial but substantial deterrent to unlawful crossing & expanding access can serve as an important tool for more secure & regulated borders. By Michael Clemens: piie.com/publications/w…

Nicholas Lardy joined CNBC to discuss Secretary Blinken’s visit to China, industrial policy, & more:
cnbc.com/video/2024/04/…

.Monica de Bolle joins BBC News (World) to discuss Argentina & inflation:
bbc.co.uk/programmes/p0h…

China's government hopes austerity can help curb moral hazard from efforts to bail out indebted regions & avoid a broader financial crisis. Beijing is telling local governments “that they should first & foremost rely on themselves,” Tianlei Huang says.
wsj.com/world/china/ch…

Here my recent presentation of the CEPR report on “monetary policy responses to the post pandemic inflation” @piie

Russia vetoed the renewal of the Panel of Experts, which helped monitor UN-authorized sanctions on North Korea. Unless the panel is revived before *tomorrow*, North Korean sanction violations are likely to increase & go unreported to the security council. piie.com/blogs/realtime…

Has Milei fixed Argentina’s Inflation Problem?

Featuring my analysis BBC News (World) , World Service.

Peterson Institute

bbc.co.uk/programmes/p0h…

Maurice Obstfeld notes that while pandemic recovery has been surprisingly resilient, the IMF's forecast could be derailed by a buildup of unsustainable debt, rising great-power competition, adverse effects of accelerating climate change or another pandemic.econofact.org/podcast/risks-…

How does China view the current state of global trade relations? piie.com/events/2024/ho… via Peterson Institute

The bottom 10 might surprise some people - but that's why it's important: friendship goes beyond having specific areas of collaboration and mutual interest, aka strategic partnerships and trade relationships.

Russia vetoed the renewal of the Panel of Experts, which helped monitor UN-authorized sanctions on North Korea. Unless the panel is revived before April 30, North Korean sanction violations are likely to increase & go unreported to the security council. piie.com/blogs/realtime…

Unlike “ally” or “free trade agreement partner,” “friend” & “like-minded” have no established, agreed-upon definition—in international affairs. Cullen Hendrix looks at similarities in political institutions & voting patterns in the UN General Assembly.
piie.com/blogs/realtime…

Russia's veto the of the renewal of the Panel of Experts, which helped monitor UN-authorized sanctions on North Korea, is a blow for implementation of international economic sanctions, but it need not be a death blow, writes Marcus Noland. piie.com/blogs/realtime…

If you accept the premise that state-to-state friendship & like-mindedness is premised in similar expressed preferences & ways of governing, then the US' closest friends are Israel, Australia, & its democratic allies in NATO, writes Cullen Hendrix:
piie.com/blogs/realtime…

Policies expanding access to lawful crossing can serve as a partial but substantial deterrent to unlawful crossing & expanding access can serve as an important tool for more secure & regulated borders. piie.com/publications/w…

Russia vetoed the renewal of the Panel of Experts, which helped monitor UN-authorized sanctions on North Korea. Unless the panel is revived before April 30, North Korean sanction violations are likely to increase & go unreported to the security council. piie.com/blogs/realtime…

Our Annual Report is here! Read about the Peterson Institute’s work last year on inflation, trade & supply chains, Russia’s war on Ukraine & sanctions, the Chinese economy, decarbonization, & more: piie.com/microsites/202…

Unlike “ally” or “free trade agreement partner,” “friend” & “like-minded” have no established, agreed-upon definition—in international affairs. Cullen Hendrix looks at similarities in political institutions & voting patterns in the UN General Assembly.
piie.com/blogs/realtime…

If you accept the premise that state-to-state friendship & like-mindedness is premised in similar expressed preferences & ways of governing, then the US' closest friends are Israel, Australia, & its democratic allies in NATO, writes Cullen Hendrix:
piie.com/blogs/realtime…