Melvyn Krauss

For Melvyn Krauss's latest contributions to The Japan Times, see below:

Jan 19, 2008

China's currency peg is a gift to Europe

PALO ALTO, Calif. — Europeans are wrong to be angry with China because its currency peg to the dollar has boosted the euro against most currencies on foreign exchange markets. They should view the currency peg as a valuable gift. In New York and ...

Nov 21, 2007

Myth of U.S.-EU economic decoupling

PALO ALTO, Calif. — The fact that America’s economy is slowing is bad news for Europeans, regardless of claims that Europe’s economy has successfully decoupled itself from the United States. Decoupling is an idea that is based on bad economics — and on some ...

Oct 4, 2007

Sarkozy and the euro's perfect storm

PALO ALTO, Calif. — The more French President Nicolas Sarkozy attacks the European Central Bank and the strong euro, the more he is criticized in the European media, by European finance ministers, European Union officials and the ECB itself. The critics are right. The ...

Jul 26, 2007

An energy tax for the European Union

PALO ALTO, Calif. — U.S. President George W. Bush’s disastrous war in Iraq has put Europe in a bind. The United States long has been Europe’s protector. Now, because of a war it wanted no part of, Europe finds its security undermined. Chaos in ...

May 28, 2007

Sarkozy should look north for a model

PALO ALTO, Calif. — In gearing up to take France on a new economic course, French President Nicolas Sarkozy’s choices are not confined to Anglo-American neoliberalism and the dying French model of social protection. There are other viable alternatives, one of which is the ...

Apr 4, 2007

Good reasons to be bullish about the Europe Union

PALO ALTO, Calif. — The European Union has been so successful that you would have thought there would be dancing in the streets at its 50th anniversary. Alas, there has been only persistent talk of failure — to achieve political union, to adopt a ...

Jan 31, 2007

Uneven growth presents a challenge for Europe

PALO ALTO, Calif. — A year ago, the euro zone’s most important challenge was anemic economic growth. But 2006 turned out to be a good year for growth in Europe, as surprising strength in exports sparked unexpected increases in domestic demand. Germany, the euro ...

Nov 6, 2006

Europe's misguided 'growth pessimists'

PALO ALTO, Calif. — So deep is the pessimism in Europe about the economy that the better the economy does today, the worse people think it will do tomorrow. This year has been an excellent one for Europe’s economic growth, yet instead of thinking ...