1. MR pointsto a new ADB study that shows Chinese economy is much smaller than we usually think.
2. WSJ Blog points to an interesting article which covers a recent paper that studies the differences in inflation expectation of men and women.
“Even after holding income, age, education, race and marital status constant, ‘men and women hold very different views on the rate at which prices are changing,’ [study author Michael] Bryan writes in a November 2001 commentary, ‘The Curiously Different Inflation Perspectives of Men and Women.’ Women consistently think inflation is 1.9 percentage points higher than men, and they expect prices to rise 2.1 percentage points more than men. ”
3. Mankiw points to an excellent picture showing economics is everywhere. Indeed!
4. PSD Blog points out to a field study which shows high interest rates are better than no access to finance.
5. Shyamal Majumdar has an excellent piece in BS on state of Human Resource consultancies (those who give us jobs) in India. It has nice wit and humor attached to it. He points to the meaningless job ads and wastage of money by corporates amidst a few gems.
6. BS points to a contrarian study done by CRISIL economists that shows rupee appreciation doesn’t really matter.
It also points to a Citigroup study which says equity markets in India are overvalued.
Citigroup’s equity research arm has just put out a report which suggests there is a huge gap between the stock markets’ expectations in countries like China and India, and the ability of corporates to deliver those kind of results.
Infact, Indian markets have never matched the valuations assigned to them since 1990!