Archive for May 16th, 2011

Interview of NR Narayana Murthy

May 16, 2011

A nice interview of icon NR Narayana Murthy, who will retire from Infosys from Aug 20, 2010. It is amazing really how he and 6 others have not passed the doyen to any of their children.

When asked what he thinks is Infosys biggest achievment?  He says

Murthy: I think the biggest achievement of Infosys is the fact that hundreds and thousands of youngsters in the country who want to become entrepreneurs have got the hope and confidence that comes from what we have done. They feel that if these seven people could do this, so can they. I think that is the finest contribution of Infosys. Frankly, I don’t know if there is any other company that can claim this, and to me that is contribution enough.

Advertisements

Economics of Walls??

May 16, 2011

As I got an email with the same title, I was wondering what does it mean. I initially thought it would be economic thoughts by some historical economist which I know nothing about. But actually it turned out to Economics of Walls as in the physical walls.

DIW Berlin and the Economics of Security Initiative are organising a conference on Economics of Walls on 9 Nov, 2o11 to celebrate the 22 nd anniversary of the fall of the Berlin Wall.

(more…)

Economic analysis in a central bank: models versus judgement

May 16, 2011

This is the title of this very useful handbook by Lionel Price of Bank of England. The handbook was written in 1996 but is still a very decent read as a primer on economics models and how central banks use them. Though, it does not include an explanation for DSGE models.

One cannot copy the pdf content so cannot discuss much. Explains in English – structural models, atheoretic models and VAR models (a part of atheoretic models).

In the end Price says though models are useful one should always be sceptical of them. Sound economic theory is crucial to good models along with judgement and experience of the modeller.

Addendum:

One should check the other handbooks as well. Very very useful.


%d bloggers like this: