Wednesday, January 28, 2009

Ricardo says: No time to pick a fight with China

That is my former boss (and one of the coolest economists ever) Ricardo Hausmann. Here's the punchline: Constructing this alternative development path is difficult and urgent. It is a win-win strategy for China and the world. Let us not derail it by promoting a confrontation on the parity of the renminbi that may lead to an even sharper recession in China. The whole article is here

If you are interested in "Ricardian" economics, here is Ricardo Caballero.
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