Archive for August 8th, 2014

Global Economy’s Groundhog Day..

August 8, 2014

Ashoka Mody takes a stab at current economic thinking and asking why IMF keeps getting its economic forecasts wrong.

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What explains the wage premium in silicon valley?

August 8, 2014

Jonathan Rothwell of Brookings has a nice post on the topic.

He puts up US map and looks at earnings of Software professionals across regions. He sees there is a wage premium in Silicon Valley compared to other places. Why this is so? It seems the region requires some typical software skills which lead to the premium:

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Can US really inflate away its debt?

August 8, 2014

The need for a one handed economist remains as important. I mean how does one make any policy given evidence is  so shaky? Laurence Ball just argued (along with many others) that higher inflation will help the troubled economies. Apart from stimulating economies for higher inflation, it will also lead to lower debts.

Ricardo Reis disagrees and says US does not really have this choice. It has to either generate higher growth or fiscal surpluses. There is no other way:

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Did Bernanke create the Ukraine crisis?

August 8, 2014

Things keep getting crazier. Central banks which were kind of unknown entities till even 25 years ago, are being embroiled in all kinds of things.

Benn Steil of CFR who wrote a book which is like events post Great Depression (or Lords of Finance part II). There is this interview where he says in a way Bernanke created the Ukraine crisis:

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