Douglas Holtz-Eakin

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After the G-20 meeting in Seoul, The Post asked economists to assess the outlook for the global economy. Below are responses from Mark Zandi, Douglas Holtz-Eakin, Eswar Prasad, C. Fred Bergsten and Karen Johnson.

The global economy's prospects hinge on one key factor: policymakers' ability to avoid protectionism. If they are able to avoid erecting barriers to trade, investment and immigration, then prospects will be bright. If not, the fragile global recovery will come undone.

So far, so good. Global policymakers' arguably most important achievement during the Great Recession has been avoiding the kinds of trade and currency wars that contributed to the Great Depression.…  Seguir leyendo »

With the Obama administration stepping up pressure on China to change the way it manages its currency, The Post asked experts and legislators what can be done. Below are contributions from C. Fred Bergsten, Mark Zandi, Douglas Holtz-Eakin, Kenneth Lieberthal and Rep. Sander M. Levin.

China's massive intervention in the foreign exchange markets has produced an undervalued currency that subsidizes all Chinese exports by at least 20 percent and protects all Chinese imports by at least 20 percent. The U.S. global trade deficit is $50 billion to $100 billion higher and perhaps 500,000 good jobs in this country are displaced as a result.…  Seguir leyendo »