Regulated market for kidneys in Iran

Al Roth points to this fabulous paper on the topic. It is written by  Farshad Fatemi at the Sharif University of Technology. It is one of those different papers you would just love to read. It comes as a real surprise that Iran has a well developed kidney market for n20 years.

Some basics first:

Assorted Links

• Krugman points austerity could actually worsen budget balances
• John Taylor points to a chart for the Fourth of July; Also see this Financial Reform with False Remedies and Errors of Omission
• Mankiw answers Krugman
• French/Fama answer this question – Should investors expect higher returns from private equity investments as compensation for the lack of liquidity? Does private equity offer a useful diversification benefit in a balanced portfolio?
• Brendon Fuller on Fisheries and the Persistence of Wildly Inefficient Rules
• Chinn is searching for increase in inflation expectations and does not find any
• Gulzar on modern macroeconomic models
• RBI releases Handbook of Statistics on State Government Finances
• Lusardi shares the results of her new research on Financial Literacy Among the Young
• IMF has released its latest  World Economic Update . Oliver Blanchard blogs about the findings. The theme is a continuing recovery, but clouds on the horizon

More on why UK inflation is so high?

I had pointed to Adam Posen’s speech on the same topic. Paul Fisher of BoE also gave a speech on the same topic. Fisher does not go by Posen’s reasons that it is because of rise in inflation expectations. He says it is because of shocks: