Archive for May 21st, 2012

Divorce rates help explain why Americans work more than Europeans..

May 21, 2012

A very longish paper by the trio explained in voxeu.

Why Americans work more than Europeans? This Europe vs US issue has always been a hot topic.

The authors say apart from higher tax rates in Europe, it is higher divorce rates in US which explain part of the problem:

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Who are better forecasters? Equity guys or Bond guys?

May 21, 2012

There is always a war between the two groups in fin markets. Equity camp believes they do a better job and Bond guys believe they do a better job. Some say equity markets are more sophisticated and transparent with large number of companies, quarterly reporting of companies earnings etc. Bond guys say we track macroeconomics and all that hence we are better placed..

In this BoJ paper, there are some interesting results:

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United States Then, Europe Now..

May 21, 2012

This is the title of the Nobel Lecture of Tom Sargent. The Nobel Committee website only  has slides and a video. Sargent put up the detailed paper on his website recently (HT: WNF Blog).

The paper details what Prof. Sargent said in this IMF interview:

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