Five years in BIS Tower and figuring lessons from the global crisis
Mr Stephen G Cecchetti of BIS reflects on his 5 years in BIS and lessons going forward. He says there are two lessons for econ researchers: Quantities matter more than we thought. Moral hazard is worse...
View ArticleWhy macro-fiscal policy should be coordinated in economic unions?
EZ crisis is leading scholars to look at other important aspects of an economic union. In this voxeu column, Gerald Carlino, Robert Inman say we need to look at local govt. expenditures as well and...
View ArticleRaj Chetty advise to college graduates..
Here is the piece. He advises students to take up academics as a career profession and within acads look at economics as well. He says there are very few application to US univs from India (really?? I...
View ArticleA step in the dark: unconventional monetary policy after the crisis
It is really nice to read such research from Raghu Rajan. He should stay away from FinMin speeches and actually talk like he did earlier and does it here. He speaks on the topic at the First Andrew...
View ArticleWhy financial stability is a necessary prerequisite for an effective monetary...
Not a long time ago, we were lectured on how mon stability is all that matters to financial stability. It was seen as a necessary and sufficient condition for some and necessary condition for most. The...
View ArticleGoing Beyond Heroic-Leaders in Development..
A nice paper by Prof. Matthew Andrews of Harvard Kennedy School (HKS). He saysd we need to look beyond herioc- leaders in development: Leadership is an under-studied topic in the international...
View ArticleCrisis economics – the crisis as a challenge for economists
Much has been written on this issue but there is always scope for more. Dr Jens Weidmann, President of the Deutsche Bundesbank speaks on the topic. He begins comparing econs with seismologists: On 6...
View ArticleWhy do Norwegians increase their savings when the interest rate is cut?
A nice paper showing an interesting result. It shows the Norway’s savings rate increased post crisis despite rate cuts. One would imagine consumption to go up post rate cuts and savings to declinme. We...
View ArticleUsing Soap operas to increase financial education/literacy..
An interesting paper which I haven’t read fully but couldn’t resist from posting on it . It is by Gunhild Berg and Bilal Zia of WB. They randomly evaluate whether soap operas which have financial edu...
View ArticleLearning from Australia’s Political Meltdown…
Politics is a ruin everywhere. Disappointed with Aus Cricket team no-show recently, it seems the Aus political system is also undergoing a crisis. Gareth Evans, Australia’s foreign minister for eight...
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