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Akerlof, Blanchard, Romer and Stiglitz (et al) on the state of macro
An impressive group of economists shared thoughts on rethinking macroeconomic policy. Last month in Washington D.C., the IMF has held a conference on the first steps and early lessons on macroeconomic...
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Graph of the week: total world debt load
From the WSJ blog:Source: WSJ"$223.3 trillion: The total indebtedness of the world, including all parts of the public and private sectors, amounting to 313% of global gross domestic product. Advanced...
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Loss of hope in Europe (or not quite?)
From FT Alphaville, using Pew's surveys, concluding on how there is a steady decline in support for the European project, particularly among the youth: "Support for European economic integration – the...
View ArticlePSST in the labour and housing market
From Arnold Kling on PSST (patterns of sustainable specialization and trade) and the housing market: Interesting comment found by Glenn Reynolds. From Jeffrey Levin:If you dig around and research...
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The bonfire of vanities
No, this has nothing to do with the promising yet disappointing 1990 movie staring Tom Hanks, Melanie Griffith and Bruce Willis; this is a story about vanities in top-tier academia. Paul Krugman has...
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The problem with economists
In their latest VoxEU column, two economists from UC San Diego, Gordon Dahl and Roger Gordon, try to answer the question on why economists tend to be so divided on most important issues, or at least...
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How much would you pay for publication at the AER?
From the EJMR: "I have a new paper that I consider my best work. For a variety of reasons, the marginal return professionally for this paper is very small for me. But I think it has an excellent shot a...
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Immigration; an economic argument
The immigration debate has been a long standing issue between economists and the general population. I have yet to encounter an economist who is against it, yet many in the general population fear it...
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Disruptive technologies
A new report from McKinsey Global Institute talks about the potential impact of new, disruptive technologies which are already being developed. They identify 12 technologies that are most likely to...
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Graph of the week: An influx of college degrees
On a similar (but really unrelated) story, over the past three decades the US has experienced a steady increase of College graduands. New York Times has the story: Source: New York Times"The increases...
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Online job markets: another game changer
Looking at the supply side of the job market, several online exchanges have emerged attempting to link the demand and supply of workers more successfully across the globe. In particular, online job...
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Graph of the week: Global corporate tax rates
From the Financial Times (it's an interactive feature so you can click on the country to see its specific rates)It is interesting to note that corporate tax rates have decreased on average by 3...
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The inequality conundrum (1% and beyond)
Greg Mankiw wrote an excellent paper (forthcoming in the Journal of Economic Perspectives) that caused a lot of fuss around the blogosphere. This is hardly a surprise since the title of the paper...
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Graph of the week: The Great Gatsby curve
I've posted this curve in my previous blog:Source: Alan Krueger: "The Rise and Consequences of Inequality in the US"(FYI: The Great Gatsby is a famous novel by an American author Scott Fitzgerald...
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Croatia joins the EU!
Today Croatia became the 28th member of the European Union. After a long (12 year) EU accession process, after undergoing rigorous scrutiny (EC became careful after Bulgaria and Romania), a couple of...
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The quest for inclusivness (and a better democracy)
Over the past few weeks some parts of the World have been subdued into protest mode. In Turkey it all started as a protest against a dubious building site project in one of the largest parks in...
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100 years of the US Federal Reserve
In retrospect not the best of decisions, however thanks to it we have learned a lot about monetary policy over the past 100 years (this is purely academic curiosity talking). Then again, many...
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The Chinese bubble economy: How long will it withstand the pressure?
China's GDP growth slowed down to 7,5% in the second quarter of this year, mostly thanks to faltering exports and retail sales. Albeit, this is still impressive growth, despite the fact that the...
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The perplexity that is Japan
This week in the blogosphere Japan captured the center of attention. Noah Smith started the debate pointing out that Japan isn't a textbook example of anything, claiming that neither monetary nor...
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Britain's recovery?
How is Britain's recovery hanging on? Recent indicators from the ONS reported a 0.3% growth in the first quarter of 2013. However, one can never be too careful with Britain. After all, haven't we seen...
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