Archive for February 20th, 2013

Interview of Steven Landsburg – The Armchair Economist..

February 20, 2013

Nice interview of the Armchair economist.

Why did he write the book?

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How European model combines education with vocation…

February 20, 2013

Betty Joyce Nash has a nice article on the topic.

She discusses Europe’s vocation system and how it keeps unemployment in youth low:

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Strong Swiss franc and large current account surplus: a contradiction?

February 20, 2013

Thomas Jordan, chief of SNB in a speech clarifies this issue. However, as the full-speech is in German we only have to do with the summary in English:

The criticism is that Swiss economy records Current Account Surplus. hence, its currency should appreciate and SNB should stop pegging it at 1.2 per EUR.

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TARGET2 balances grew also +because of re-denomination risk..

February 20, 2013

I have tried to figure debate and controversy around  TARGET2 balances as much as possible. It is quite a read and learning about central banking.

I missed this paper by Stephen G CecchettiRobert N McCauley and Patrick McGuire of BIS. Don’t know how.. It is quite a read and simplifies TARGET2 balances and debate around it.

Basically econs point to two reasons for growing TARGET2 balances:

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