Archive for July, 2010

Labor Markets in Europe in this recession

July 21, 2010

ECB July Bulletin has this interesting article on how European labor markets have fared in this crisis.

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Assorted Links

July 21, 2010

Comparing fiscal federalism between US and Europe

July 20, 2010

This was one of the big differences between US and Europe economic systems. US had a federal system for fiscal transfers and Europe had one but was too small. And finally, Europe had to make an emergency fund to transfer funds to troubled economies; US did not have to.

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Setting limits to expanding role of central banks since the crisis

July 19, 2010

Hervé Hannoun Deputy General Manager of BIS gives a nice overview of central banking in this crisis.

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Fiscal austerity lessons from South East Asian Crisis: Don’t do it

July 19, 2010

Adam Posen of Bank of England says:

In 1997-98 SE Asian crisis, fiscal austerity measures back-fired. Indonesia and Thailand were made to pass these plans which in turn hurt Korean economy as well:

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Assorted Links

July 19, 2010

World’s largest database of job openings for economists – voxeu.org

July 17, 2010

Tyler Cowen points to this exciting jobs database for economists: www.voxeu.org/jobs/ 

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The Contribution of the Financial Sector – Miracle or Mirage?

July 16, 2010

This is the title of the new Andrew Haldane speech (read it with graphs) . The speech is drawn from a paper written for this LSE book:  Future of Finance.

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Assorted Links

July 16, 2010

Using stock market liquidity to predict recessions

July 15, 2010

Michael W. McCracken of St Louis Fed says liquidity serves as a useful variable to track and forecast business cycle and recessions.

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Bank Liability Insurance Schemes before 1865?

July 15, 2010
 Warren Weber of Minneapolis Fed has this fascinating paper on the topic.
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Will the Rupee Symbol Help India?

July 15, 2010

Now as we have a Rupee symbol, will it help India/India brand?

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Finally Rupee Symbol released

July 15, 2010

Ministry of Information and Broadcasting released the symbol for Rupee. It will look like this:

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Assorted Links

July 15, 2010

Behavioral economics version on why prices are sticky…

July 14, 2010

Dan Ariely, Anat Bracha, and Jean-Paul L’Huillier have this short paper on the topic:

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Industrial Policy debate

July 14, 2010

This is another topic which never goes out if fashion. There is one difference though. You find many economists against it and most of the time Dani Rodrik defending it. 

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Inflation Jun 2010- Update

July 14, 2010

WPI index increased from 258.1 in May ’10 to 259.8 in Jun’10. This implied inflation for Jun ’10 at 10.55% (YoY), lower than market expectations of 10.8% (as per several newswire polls). Again, we get a lower than expected inflation number like IIP numbers for May.

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Assorted Links

July 14, 2010

Modern recessions vs Older recessions

July 13, 2010

I was reading this interesting paper by Robert Hall. Econs call 1990-91 and 2001 US recessions as modern recessions. What is a modern recession?

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IIP Update: May 2010

July 13, 2010

IIP for May 2010 was at 11.5% (y-o-y). It was much lower than market expectations of around 16% (various newswire agencies). The figure for April was revised lower from 17.6% to 16.5%. 

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