Economy Jul 25 Is China manipulating its currency? The Big Mac and Mini Mac indexes disagree. The Mini Mac Index compares the price of iPad minis across countries to measure the extent to which various currencies are overvalued or undervalued.
Economy Feb 13 Column: Why does the Fed keep lowering its unemployment threshold instead of raising rates? We're nearing the threshold used to estimate how low unemployment can get before inflation rises. Will the Fed raise interest rates?…
Economy Oct 14 Column: Trump’s trade policy is a recipe for recession, history says Trade deficits, you see, do not just disappear and tax revenues soar because you block imports. Donald Trump needs a new big idea.
Economy Sep 26 Column: Which currencies are overvalued? The Mini Mac Index tells all The “law of one price” holds that identical goods should trade for the same price in an efficient market. But to what extent does it actually hold internationally?…
Economy Jul 08 The yen is rising. What happens if Japan tries to push its currency down? Faced with a strong yen, Japan might look to manipulate its currency. Here's what might happen if the country decides to do so.
Economy Jun 24 Column: Will Brexit affect U.S. consumer confidence? The outcome may determine our next president Going back to 1952, consumer confidence has been a fair guide to presidential election outcomes.
Economy May 20 Column: The world economy is running on monetary fumes Global growth is stalling, and central banks are running out of options.
Economy Jan 12 Move over Big Mac, the Mini Mac Index is here to stay The “law of one price” holds that identical goods should trade for the same price in an efficient market. But to what extent does it actually hold internationally?…
Nation Jul 02 The new new thing: Negative interest rates — but will they work? Last month, the European Central Bank became the first central bank to charge banks for depositing their extra reserves with them. The idea is to encourage banks to lend privately instead. But as the Council on Foreign Relations' Benn Steil…