Archive for January 11th, 2011

An economist who was champion of plain english usage

January 11, 2011

Alfred E. Kahn, commonly known as the “Father of Airline Deregulation died in December last year. He was a professor at Cornell University.

Robert Frank in this superb article says how much Kahn valued explaning economics in English. Wish we could have more like him.

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Why food inflation is likely to remain persistent in India?

January 11, 2011

This is the title of my new paper on the topic. Comments/Suggestions are invited.

Federal Reserve: World’s Most Profitable Bank?

January 11, 2011

Fed transferred $78.4 billion of their estimated 2010 net income of $80.9 billion to the U.S. Treasury. Last year Fed transferred $47.4 billion to US Treasury. Hence this is a jump of 65%.

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IPL Auctions and Economics….

January 11, 2011

Having watched the IPL auctions on the last weekend, the linkage to economics and auction theory could not be missed. One cannot call for a better cocktail than learning economics using cricket or interpreting cricket events to draw lessons from economics.

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Gary Gorton’s wisdom on the crisis

January 11, 2011

Minneapolis Fed does a superb interview of the Yale Economist – Gary Gorton.

There is many a research and papers about the 2007 crisis and many more to come. The papers come with many different perspectives depending on the expertise of the economist. So, Krugman would talk about lack of Keynesian economics, Bernanke on importance of monetary economics/Fed policies, John Taylor on monetary policy/Fed becoming more discretionary, Eichengreen would give an economic history perspective etc.

But if you want to understand the crisis from the financial firms perspective and understand securitization/repo etc. you need to read Gary Gorton. His paper titled Questions and Answers about the Financial Crisis explains things really well (covered here in this blog).

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