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Graph of the week: Climbing the income ladder
New York Times has the story:Source: NY Times (Click to enlarge)The map depicts US counties based on the probability a child raised in the bottom income quintile (bottom fifth) rises to the top income...
View ArticleVideo of the week: the Dismal science
A video on how economics got to be called the "dismal science":It's a very interesting history lesson from the Marginal Revolution University (the online University I wrote about last September, led by...
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Is there a new employment-population curve in the US?
The monthly unemployment report for the US came out today from the Bureau of Labour Statistics. Here's a summary from the NYT:America’s employers added 162,000 jobs in July, fewer than expected, as the...
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The Big Data Makeover of the US economy
There has been a lot of talk recently on the newest data revisions of some of the main US economic national accounts. The US Bureau of Economic Analysis (BEA) has revised the methodological definition...
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The pain in Spain
In June last year Spain received a €100bn bank bailout from the ESM, in an attempt to prevent a supposedly inevitable bankruptcy of its banking system, and consequently a default of its government....
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Graph of the week: credit and investment booms
From Credit Suisse here is a graph comparing the non-financial private sector credit growth and growth of fixed capital formation (i.e. investments), both with respect to GDP for a number of mostly...
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New trends in education
Education is, like the whole economy in this digital age, undergoing a structural change. The newest special report from Scientific American, entitled "Learning in the Digital Age" finds that more and...
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Eurozone's nominal rigidities
In an article published in the Journal of Economic Perspectives, Kevin O'Rourke and Alan Taylor examine Eurozone's ongoing depression and focus on monetary adjustments and Eurozone-wide automatic...
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Graph of the week: A slowdown in emerging markets
From the WSJ:Source: Wall Street JournalFor the first time since the start of the crisis, emerging economies are contributing less to global GDP than the developed ones (see graph below). Just as the...
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India's new central banker
Raghuram Rajan, a notable economist from the University of Chicago and author of the famous "Faulty Lines" book on the financial crisis, is to be appointed as the new governor of the Bank of India....
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In memoriam: Ronald Coase
Yesterday, at the incredible age of 103, one of the greatest minds of our time, Nobel prize winner and emeritus professor at University of Chicago Law School Ronald Coase has passed away. His...
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Graph of the week: how much for a house in Beijing?
Did you know that the prices of housing units in Beijing are higher than those in Manhattan? Could the reason for this be the lack of supply of land (as it is in Manhattan)? Or is it due to speculation...
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Back from the dead: Here come Fannie and Freddie
In a series of texts on the 5 year "anniversary" of the financial crisis (see among others the Economist, Financial Times, Wall Street Journal, New York Times, Bloomberg), many commentators and...
View ArticleWhy politicians don't cut spending?
A simple answer to this question comes from Learn Liberty in this short educational video.(If the video doesn't work - some browsers could do that - you can access it on You Tube.)This here is Public...
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Graph of the week: World GDP
A quick overview into how global GDP is doing. From The Economist:Source: The Economist Graphic Detail One obvious pattern on this graph is the overall decline of the pace of recovery, despite the...
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Five years after the crisis: the legacy
Five years have passed since the collapse of Lehman Brothers and the subsequent devastating blow to the financial system in the US, and the consequential spillover of the panic to the rest of the...
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Five years after the crisis: the consequences
Having portrayed some of the causes and implications of the financial crisis in my previous blog post, in this one I will focus on the consequences and how the countries struck by the crisis are doing...
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Graph of the week: 5 years after the crisis
Last two weeks on the blog, much like in the most of the mainstream media, the focus was on the 5 year "anniversary" of the financial crisis. I opened with a text on Fannie and Freddie's reemergence on...
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Electoral divisions along the Berlin Wall
Last week's elections in Germany ended up more or less as expected. Angela Merkel's conservative CDU has won by a landslide (42%, only 5 seats short of a full Bundestag majority) ensuring her a third...
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US government shutdown: another bargaining game with incomplete information
At the end of last year the main preoccupation in United States politics was anticipating the consequences of the infamous fiscal cliff. A quick reminder for the readers; back then the two main...
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