Archive for December 26th, 2011

Are Americans Bayesians?

December 26, 2011

A nice confidence boosting speech from Alan Krueger, Chairman of CEA.

First the title of the post. he says unlike others Americans like to try out other options before arriving at a final solution. However, others imterpret this differently:

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ECB expresses concern about the independence of the central bank of Hungary

December 26, 2011

With ongoing developments in Hungary, it is interesting to note of new changes in  Central Bank of Hungary (called Magyar Nemzeti Bank). ECB says the new changes in MNB are undermining the independence of the central bank:

Hungary’s authorities asked ECB’s views on the new laws regarding MNB. ECB opined:

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How Infotech developments is forcing changes in the constitution

December 26, 2011

Constitutions are not written in stone but you need some strong changes in the political and socio environment to make changes in the constitutions. Is technology in particular the social networks putting pressures on constitutions to change?

Jeffrey Rosen and Benjamin Wittes of Brookings write a new book on the topic showing how technology will force changes in US constitution.

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Looking at 17th century Italian Art and Painting activity from an economic lens

December 26, 2011

Federico Etro of University of Venice links us to this interesting paper on the topic. He summarises the findings on voxeu.

In this paper, he looks at the this arts  and paintings activity  in Italy in 17th century and looks at it like a market. So just like you seen in a market where there are buyers, sellers and there is a price, same you see here in the arts market in Italy as well.

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