Archive for January 15th, 2014

From Helicopter Ben to Ambassador Ben..

January 15, 2014

Arvind Subramanian pays tribute to Ben Bernanke as the latter moves put of his role as Fed chair.

He says historians will look at Fed under Bernanke in due course of time. However, that is just one aspect. He played a stellar role as an American leader in global policy amidst chaotic and ineffective political leadership:

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Crisis firefighting is more glamorous than crisis prevention..

January 15, 2014

Super column by Prof. Shiller.

He says it has been really difficult to pass any reforms to regulate financial sector. The policymakers have een rejecting simple ideas to rein in future crises. He narrates his experiences of chairing sessions at recent AEA-2014 meeting in financial crisis policy:

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From Philips curve for economics to Philips curve for politics..

January 15, 2014

An interesting article by Siddharth Singh of Mint. It is kind of interesting to put economics framework to figure all complex things in life.

He uses Philips Curve used in economics and draws a similar curve for politics:

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