Can Framing incentives lead to increase in productivity?

It is very exciting to see behavioral economics experiments working in real life.

Tanjim Hossain of University of Toronto and John List of University of Chicago have this interesting paper. Though, it is a paid version. I am unable to locate a free version.

Milton Friedman views on central bank independence

I have started to go through the various papers/speeches in this wonderful website of Shadow Committee.

Assorted Links

• Donald Marron asks how Blurry is the Line between Monetary and Fiscal Policy
• Worthwhile Blog argues why it is good that ECB has overpaid for Greek bonds
• Rodrik on Spain’s crisis
• Anna Lusardi interview on financial literacy
• Economix Blog points to chocolate bonds!
• John Bogle points to his new speech and some articles
• ECB distributes responsibilities among the members of its Executive Board
  • In addition to his statutory duties as President of the Executive Board, the Governing Council and the General Council, the President, Mr Jean-Claude Trichet, will be responsible for the following areas: Communications; Internal Audit; Secretariat and Language Services.
  • In addition to his statutory duties as deputy to the President, the Vice-President, Mr Vítor Constâncio, will be responsible for the following areas: Administration and Financial Stability.
  • Ms Gertrude Tumpel-Gugerell will be responsible for the following areas: Human Resources, Budget and Organisation; Payment Systems and Market Infrastructure and Target2 Securities.
  • Mr José Manuel González-Páramo will be responsible for the following areas: Banknotes; Market Operations and Research.
  • Mr Lorenzo Bini Smaghi will be responsible for the following areas: International and European Relations; Legal Services and the New ECB Premises Project.
  • Mr Jürgen Stark will be responsible for the following areas: Economics; Information Systems and Statistics.