Archive for April 23rd, 2010

Similarities between IPL Crisis and financial crisis

April 23, 2010

Watching this entire IPL crisis unfold, In was just thinking about the financial crisis. I could think of some similarities. Here they go:

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Why RBI is ignoring developments in housing sector?

April 23, 2010

Today’s newspapers (23 April 2010) report that ICICI Bank will follow HDFC Bank and reintroduce teaser rates for home loans. HDFC also recently (16 April 2010) reintroduced teaser rates as SBI continued its teaser rate scheme. I also read a couple of days back that SBI has increased its teaser rate scheme till April 2011.

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Counterfeit notes becoming a major concern for central banks

April 23, 2010

I had pointed to a speech by RBI Governor on currency management. He listed counterfeiting of notes as a major challenge. However, it is a very old concern:

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Michael Mussa on the art of economic forecasting

April 23, 2010

Michael Mussa of Peterson Institute,  is responsible for presenting economic forecasts from the institute. He was earlier at IMF as its chief economist. His forecast come earlier than IMF’s World Economic Outlook forecasts and is a source of irritation for its former employer. He recently presented his world economy forecast on April 8,2010 (two weeks before IMF’s forecast on 21 April 2010).

In 2009, Mussa took a different view than most forecasters. He said world economy would recover sharply and it would be a V-shaped recovery. People laughed him off but his forecast has been kind of true. The pace of recovery has surprised all.

In a recent interview, he explains art of economic forecasting.

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Clark Medal 2010 predictions

April 23, 2010

American Economic Association will present the John Bates Clark medal today (23 April 2010). It is awarded to the most promising US based economist under the age of 40. It was a biennial award so far but last year it was decided that it would be given every year.

WSJ Blog has a probable list –

Looks like a fight between Harvard and MIT this year. I think it could be Duflo this time as she has been in the list for a long time. But you never know there could just be a surprise.

Check out this list of Clark and Nobel prize Winners


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