Faculty News

Prof. Paul Romer on calls for China to increase consumer spending and decrease investing

—
Excerpt from The Wall Street Journal -- "Count New York University economist Paul Romer among the rebalancing skeptics. 'I don’t buy into the consensus,' says Mr. Romer, who is among the U.S.’s most influential economists. 'I don’t think it’s clear that [domestic consumption] is the way to go in China. The degree of certainty with which people advocate this idea obscures the debate.'”

Read more