Archive for January 30th, 2012

Nexus between gender-energy-poverty..

January 30, 2012

B. Sudhakara Reddy and Hippu Salk Kristle Nathan of IGIDR write this interesting paper.

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Was Riksbank monetary policy in 1930s innovative?

January 30, 2012

Riksbank is seen as the first bank to start price level targeting during great depression. This was a precursor to inflation targeting  and is often cited as an example for central banks taking up price level targeting. This along with several other novel initiatives makes it an innovative central bank.

This paper by Alexander Rathke, Tobias Straumann and Ulrich Woitek says Riksbank mon pol in 1930s was not really innovative. For all that acclaim it has got, it is just overvalued. IN reality all they were doing is keeping its exchange rate undervalued so that exports remain competitive and economy can grow. As a result Sweden recovered much faster than others but it was not because of innovative policy but beggar thy neighbor policies:

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Project Firefly: A great opportunity for economics/foreign policy students

January 30, 2012

Prof  Simon Evenett of St. Gallen University alerts me to this wonderful initiative for students called Project Firefly.

The idea is to bring talented minds in the field of economics/business/foreign policy together on a common platform.

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