China and its role in emerging economy growth

Growth rates in emerging countries tend to be volatile and are affected by what happens beyond their borders. A recent recent study by economists at the IMF (International Monetary Fund) decomposes deviations from trend growth of emerging economies into internal and external factors. The latter include things such as global financing conditions, growth in advanced […]

Towards a re-balanced China

Since the start of the opening-up and reform period in 1978, the rest of the world has been stupefied by China’s long period of very high growth. Now all we hear about is that growth is slowing down. Further, this time the chinese authorities are not offsetting the slowdown by large fiscal and monetary stimuli: […]