Showing 1 - 10 of 11
A 'retrospective' on Trump's first year back in job
Oped, Jeffrey Frankel, Published on 16/01/2025
» Predictions about 2025 come with flashing caveats: no one can know what US President-elect Donald Trump will do, let alone how the rest of the world will respond. But one can speculate. Imagine it is January 2026.
Levy on China's cleantech hurts green transition
Oped, Jeffrey Frankel, Published on 27/06/2024
» With historic heat waves sweeping across the United States and other parts of the Northern Hemisphere, June is expected to be the 13th consecutive month of record-breaking global temperatures. The primary cause, of course, is the enormous amount of greenhouse gases (GHGs) in the atmosphere. Despite the threat posed by rising atmospheric concentrations of GHGs, emissions continue to increase at a faster pace than previously anticipated.
Europe's carbon border tax fights climate change
Oped, Jeffrey Frankel, Published on 29/05/2024
» The European Union's Carbon Border Adjustment Mechanism (CBAM), officially launched in October, now requires importers to report on the direct and indirect greenhouse gas (GHG) emissions embedded in the goods they import. Beginning in January 2026, the EU will start imposing tariffs on imports from countries that do not price carbon at the bloc's market rate, which could significantly affect carbon-intensive producers among its trading partners.
Is a global recession really coming up?
Oped, Jeffrey Frankel, Published on 19/01/2023
» The world's leading economists spent most of 2022 convincing themselves that, if the global economy was not already in a recession, it was about to fall into one. But with the year 2022 end, the global slump has been postponed to the present 2023.
Let the WTO referee carbon border taxes
Oped, Jeffrey Frankel, Published on 08/12/2022
» Perhaps the most important task confronting the international order is the enforcement of national limits on greenhouse-gas emissions, such as those that were negotiated in the 2015 Paris agreement. Carbon border adjustments could give these limits teeth, but fair application requires a revived World Trade Organization.
The secret of the greenback's appreciation
News, Jeffrey Frankel, Published on 24/09/2022
» Despite rampant inflation and slowing growth, the US dollar keeps going from strength to strength. Since May last year, the greenback has risen by 28% against the yen and 20% against the pound. In addition, it has appreciated 19% against the euro, reaching parity for the first time since 2002.
International trade: Is it a help or a hindrance?
Oped, Jeffrey Frankel, Published on 22/06/2022
» Leading economies have been afflicted with new problems over the past year. The United States is struggling with both supply-chain blockages and a critical shortage of baby formula. The European Union faces the threat of scarce energy supplies, owing to sanctions on Russian fossil-fuel exports. And almost all countries are experiencing high inflation.
Get ready for 'reverse currency wars' phenomenon
News, Jeffrey Frankel, Published on 06/06/2022
» The US dollar is up 12% against the euro over the past year and, at €0.93 (34.22 baht), is approaching parity. If prices of oil and other commodities now seem high in dollar terms, they look even higher in euros. With the greenback surging, and inflation in many countries currently at multi-decade highs, we may be entering so-called "reverse currency wars" -- in which countries compete to strengthen their currencies' foreign-exchange values.
The G20's coronavirus agenda
Oped, Jeffrey Frankel, Published on 27/08/2021
» Finance ministers, central bank governors, and political leaders are hard at work preparing for the 2021 G20 Heads of State and Government Summit in Rome on Oct 30-31. With the Covid-19 pandemic stretching well into its second year, the meeting will come at a time of heightened uncertainty about public health and the global economy. And though the mechanisms of international cooperation have been weakened by the pandemic and remain bruised by former US President Donald Trump's legacy, they are more important than ever.
So what exactly's in a recession?
Oped, Jeffrey Frankel, Published on 26/06/2020
» On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research declared that economic activity in the United States had peaked in February 2020, formally marking the start of a recession. But we already knew that we were in a recession that had likely begun around that date. So, why does the NBER's formal declaration matter?