Archive for December 14th, 2010

Low cost home solutions from Jerry Rao

December 14, 2010

Business Standard ran a super profile of Jerry Rao. After moving from Mphasis he ahs set up this firm called Value and Budget Housing Corporation Ltd.

His Business model is to sell homes in the range of Rs 5 lakh to Rs 11 lakh. How does he plan to do it? There are three broad strategies:

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Comparing Central Banks with Competition authorites

December 14, 2010

John Vickers, former BoE member and now at Oxford writes this superb paper on the topic. I have always wondered on comparing central banks with other economic institutions. THis one compares the competition authority with central banks.

Interestingly, in both competition  and monetary policy there was a consensus to follow the neoclassical model till this crisis. Now things have changed a bit. Vickers writes about this change:

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