This week's IGM European Economic Experts Panel Statements:
A) Trade with China makes most Europeans better off because, among other advantages, they can buy goods that are made or assembled more cheaply in China.
B) Some Europeans who work in the production of competing goods, such as clothing and furniture, are made worse off by trade with China.
C) If the EU followed the new US steel tariffs by imposing similar EU tariffs on steel from China, it would improve Europeans’ welfare.
Keyword: China
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This week’s IGM Economic Experts Panel statement:
China’s growth model, specifically the unusually high investment rate and low consumption rate, is unsustainable.
This week’s IGM Economic Experts Panel statements:
A) Economic analysis can identify whether countries are using their exchange rates to benefit their own people at the expense of their trading partners’ welfare.
B) Bank of Japan monetary policies that result in a weaker yen make Americans generally worse off.
This week's IGM Economic Experts Panel statements:
A) Trade with China makes most Americans better off because, among other advantages, they can buy goods that are made or assembled more cheaply in China.
B) Some Americans who work in the production of competing goods, such as clothing and furniture, are made worse off by trade with China.
This week’s IGM Economic Experts Panel poll statement:
The Chinese government pursues policies that keep the renminbi's exchange rate vis à vis the dollar lower than it would be if the currency floated without those policies.
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