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East and West Diverge on Monetary Policy

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East and West Diverge on Monetary Policy
The headquarters of the People’s Bank of China, the Chinese central bank, in Beijing, on Aug. 7, 2011. Mark Ralston/AFP/Getty Images
Milton Ezrati
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Commentary

Inflation has forced Western central banks to raise interest rates, but in Asia, China has taken the opposite tack.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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