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[Climate Cafe] Climate Cafe » Archive » G20 Summit lays solid groundwork for ...: As a result of the commitments made in this G20 communiqué future discussions of economic stimulus must address climate change. For leaders to agree that the issues of economics and climate change are tightly bound is a necessary first step toward achieving a breakthrough agreement on climate change by the end of 2009.

[VoxEU.org: Barry Eichengreen] Lessons from Japan’s failed fiscal stimulus | vox - Research-based ...: Just 10 years ago in 1999, I had an opportunity to discuss with a leading financial economist what policy measures should be implemented to revive the Japanese economy. After providing clear analysis and pointing to the necessity of disposing of a massive amount of bad loans as a prerequisite to achieving an economic recovery, he self-mockingly added, "but the fact is that all of us are utterly stricken and standing transfixed by the sheer scale of the problem before us, isn't it?"

[Willem Buiter's Maverecon] FT.com | Willem Buiter's Maverecon | The green shoots are weeds ...: But neither the financial crisis nor the contraction of the global real economy are over yet.  As regards the financial sector, we are not too far - probably less than a year - from the beginning of the end.  The impact of the collapse of real economic activity and of the associated dramatic increase in defaults and insolvencies by non-financial enterprises and households on the loan book of what is left of the banking sector will begin to show up in the banks’ financial reports at the end of the summer and in the autumn.  By the end of the year - early 2010 at the latest - we will know which banks will survive and which ones are headed for the scrap heap.  With the resolution of the current pervasive uncertainty about the true state of the banks’

[Comments for The Big Picture] Japan and the G20 | The Big Picture: The heads of state of the G20 countries are gathered today, April 2, in London for their meeting. Last week when I was in Paris, I was asked in a CNBC Europe interview if the upcoming meeting should be called a G2 meeting, with the US and China being the only important participants.

[NEWS TO U(SE)] NEWS TO U(SE): The green shoots are weeds growing through the ...: It would have been preferable to maintain the overall size of the planned (or rather, expected) global fiscal stimulus but to redistribute the aggregate (about $5 trillion over 2 years, as measured by the aggregated changes in the national fiscal deficits) in accordance with national fiscal spare capacity (I believe the World Bank calls this ‘fiscal space’).   This would mean a smaller fiscal stimulus for countries with weak fiscal fundamentals, including the US, Japan and the UK, and a larger fiscal stimulus for countries with strong fiscal fundamentals, including China, Germany, Brazil and, to a lesser degree, France.

[open Democracy News Analysis -] After the G20: America, Obama, the world | open Democracy News ...: "G20" is an arm of realization reborn from G7/8 in reaction to repeated senses of failures. Contextually, rumor about "G2" is being driven: an opportunistic catalyst in the mean time, though a 'dependent' multipolar factor perceived in a future world in which China emerges stronger with its over a billion population: a scenario!

[OANDA Forex Blog] Forget PPIP its G20’s PPC-Public Private Capitalism! | OANDA Forex ...: Trichet said policy makers are ready to lower their benchmark interest rate even further, while the deposit rate has probably reached its floor. In effect they were less aggressive in their actions as they try and find some sort of consensus on what new measures to take next as rates approach zero.

[the GEG blog] The G20's Trade Agenda: A Step Forward, but Not Far Enough | the ...: A WTO Ministerial Conference would provide an opportunity for political dialogue on how the global trading system can play a stronger role in addressing critical global issues, including poverty reduction, climate change, food security, quality jobs and the sustainability of natural resources. It would also prompt a long-overdue Ministerial discussion of governance reforms that would boost the responsiveness of the WTO to developing countries and to exchange views on the future of the trading system.

[Room for Debate] The Economy’s ”˜Green Shoots,’ Real or Imagined - Room for Debate ...: However, I don’t think we’ve reached the beginning of the end, and caution is in order, particularly for policymakers. It is not at all unusual for the economy to tick upward temporarily during a slowdown, only to have it return to its previous, stagnating state.

[Zionistgoldreport's Weblog] G20 Forms New ”˜Global’ Regulator at IMF- Global Taxes To Pay For ...: The G-20 statement amounts to an effort to rewrite the rules of capitalism to address an integrated world economy that has outgrown the ability of individual governments to keep it in check. The group, which represents 85 percent of the world economy, devised a model for how finance should be regulated everywhere in a bid to prevent a repeat of the market turbulence which has roiled the world for almost two years.

[The Baseline Scenario] Baseline Scenario, April 7, 2009 « The Baseline Scenario: While this is pretty much what happens in ordinary circumstances, there is now a shift toward “socialized capitalism,” based on the notion of “solidarity”, dear to the European left, which underpins social security, universal health care and the like. Pushed to the extreme, there is no more risk-taking and there can be no reward for risk takers, so that returns on investments must be distributed fairly (such as to each according to his needs).

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