Archive for November 11th, 2010

If FOMC voting members of 2011 are members in 2010

November 11, 2010

Reading several Fed members speeches one is stumped by the diverse views. Now in a committee all this is welcome but could get chaotic as well.

Fed has this unique structure where you have 12 FoMC members –

  • 7 Fed board members (permanent)
  • 1 NY Fed (permanent)
  • 4 regional Fed (rotating or alternate members)

I was just checking FOMC members list for 2010 and subsequent years. I was excited to see how in 2010 it is just a coincidence that you have more doves on the list:

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WPI Monthly Inflation for Oct-10 expected on Monday…forecast??

November 11, 2010

I had explained the methodology of forecasting WPI monthly inflation in a previous post.

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US downgraded by a Chinese rating agency

November 11, 2010

I never thought this would ever happen that US would be downgraded by a rating agency. I actually missed this story completely. So some background.

China in 1994 floated a rating agency called Dagong Global Credit Rating Co. Alphaville Blog explains:

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How economic reforms helped Seychelles weather two crises?

November 11, 2010

IMF Survey has a nice article on the topic

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Well done Benagal and Boman!

November 11, 2010

I just watched this movie – Well Done Abba. Though it was released sometime in 2010 and was critically acclaimed, I just saw it now. It won the 2009 National Film Award for Best Film on Social Issues.

It is a must watch movie on political economy of development economics and welfare programs in the country. How all intermediaries eat up all the welfare fund meant for digging a well. And how the actors then get the well digged using political pressures.

Superbly done!


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