Carbon tariffs, permits and subsidies

A short paper that asks the right questions (to which there are few, if any, satisfactory answers). Thanks to Simon Lester for finding this.

Market and PPP measures of GDP

In comments on the previous post, Ian Castles AO, the former Australian Statistician, notes that the World Bank and IMF create confusion in their reports by mixed use of market-exchange-rate (MER) and purchasing-power-parity (PPP) bases for estimating output and growth. Simply, using market exchange rates to compare the value of output among countries over-estimates the size…

Eonomic integration of Pacific Islands

But this anxiety and pessimism is misplaced:

Two strikes from recession, not three

"The challenge for the government now is that whereas Hawke and Keating had ’86 terms of trade, ’87 stock market crash, ’90 recession, we’ve had all three, in effect, within the space of about a year and all feeding off each other in various kind of negative synergy ways." Extract from Business Spectator interview with Finance…

Global Trade Alert

Just before the London G-20 Meeting in April, Andy Stoler and I wrote a paper for a booklet published by the Center for Economic Policy Research in which we suggested that the best way to make G-20 governments live up to their promises was to expose their misdeeds on trade policy—including those that nominally complied with…