Recalculations of trade deficits will increase distortions

Andrew Karolyi, professor of asset management and finance at Cornell University’s SC Johnson College of Business, comments on recent reports suggesting Trump’s administration is considering recalculating trade deficit numbers. He says that while there is room for improvements on such statistics, any change would need a much more refined and nuanced approach to avoid further […]

Political talk on Export-Import Bank needs a reality check

House members from both the Republican and Democrat party are sponsoring a bill to re-open the Export-Import Bank, a federal lending institution that subsidizes American exports. While the trade bank’s mandate is to help American businesses face a global economy, critics say its practices mainly boost multi-national corporations.  Steven C. Kyle, an expert in macroeconomics […]

Chinese market volatility a negative for US ag exports

Steven C. Kyle, an expert in macroeconomics and government policy and an economics professor at Cornell’s Dyson School of Applied Economics and Management, says the depreciating exchange rate in China has made Chinese exports more competitive here and U.S. exports less competitive there.  Kyle says: “While the stock market moves are rather nerve wracking and […]