Archive for September 24th, 2012

Has polarization increased in US politics?

September 24, 2012

A superb and much-needed paper on the topic. Apart from Jackson Hole, even Brookings conferences are much sought after.

In the recent edition, a very neat paper was presented on politics.

We are seeing rise in polarization amidst political parties world over. This paper uses Google Ngrams along with COngressional records to figure whether rising polarization in US economy is highest in these times.

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Economics of Stolen bicycles

September 24, 2012

A superb post on Priceonomics (HT: thebrowser.com)

It seems lots of bicycles are stolen in US. What is the economic basis for such thievery? Applying Gary Becker’s ideas, the authors say the risks to stealing bikes are very low. There is hardly any punishment for stealing bicycles in US:

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How Chinese prevented Latin America defaults in 2000s..

September 24, 2012

Chinese troubles everywhere.

Here is a speech from Sebastián Claro of the Central Bank of Chile on the Latam linkages with China. This one is interesting as apart from current Chinese woes it also mentions the importance of China factor in 2000s:

He says in start of 2000s most Latam economies were looking like defaulting on their debt.

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Comparing SE Asian Crisis in 1997 with Eurozone crisis in 2010

September 24, 2012

A nice speech by Bank of Thailand Governor Prasarn Trairatvorakul.

He draws similarities and differences between SE Asian crisis and Eurozone crisis.

First similarities:

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