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[1800blogger] China's Impact on the Global Economy: A Symposium | 1800blogger: In this paper we assemble a measure of international relative prices to gauge the average amount by which prices in China and the USA differ from the prices of their trading partners. Our estimated weighted average of relative prices for China and the USA are the first to use the significantly revised purchasing power parities embodied in the price data from the World Bank’s World Development Indicators.

[Econbrowser] Econbrowser: Looking for an exit: They can lend them to other banks, but this does nothing to increase currency held by the public, and, in the aggregate, the reserves remain on deposit with the Fed. Payment of interest on reserves may make banks less likely to create new bank deposits (to the extent that it reduces the opportunity cost of not lending), or more likely to do so(via the recapitalisation effect), and it may set a floor for the Fed funds rate, but I don't see how it is anything other than a very blunt instrument in influencing the amount of currency held by the public.

[Economist Blog] China's Impact on the Global Economy: A Symposium | Economist Blog: In this paper we assemble a measure of international relative prices to gauge the average amount by which prices in China and the USA differ from the prices of their trading partners. Our estimated weighted average of relative prices for China and the USA are the first to use the significantly revised purchasing power parities embodied in the price data from the World Bank’s World Development Indicators.

[Econbrowser] Econbrowser: Guest Blog: Japan's first trade deficit in 28 years: In the initial stage, the fact that the Japanese financial sector did not have much presence in international markets worked in Japan's favor as Japanese financial firms had relatively little exposure. However, the irony is that temporary safe haven effect caused a steep appreciation of the currency (see Figure 2).

[Fooner] seller wants cash for clunker suv back | Fooner: any negative comments about the “Chinese Cash for Clunkers” program should be sent to: flag@whitehouse.gov. Read More;

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