Archive for September 12th, 2014

Believing the macro data…A case of Aus employment data

September 12, 2014

James Glynn at WSJ Blog points to this interesting issue from Aus.

Analysts/people are questioning the unemp data released by stats agency. The agency shows employment  growth higher than what people see.

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Building an economic indicator using social network…

September 12, 2014

Piet Daas and Marco Puts of Netherlands Stats Bureau have this interesting paper as part of ECB series (HT: WSJ Blog).

They propose an econ sentiment indicator which tracks social network messages. It is a technical paper and not easy to read:

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A new textbook to understand Austrian economics.

September 12, 2014

It is written by Randall G. Holcombe who has written this — Advanced Introduction to the Austrian School of Economics. And it is not free as this one.

The interview of Prof Holocombe is here:

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Is the ECB going to do/doing QE?

September 12, 2014
Prof. Charles Wyplosz, European monetary affairs expert  analyses the recent moves by ECB President Super Mario. 
He says it is not really going to be QE as we understand it today:

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The Economy– a free and non-mainstream economics textbook from INET..

September 12, 2014

I am not sure how many have noted this already. Soros funded INET has been working on this project ever since inception of the think-tank.

The book is out and titled as “The Economy”. It is available online for free. The contents are different and interesting. PDFs are being released with a lag but one can read the whole book online via inkling software (register to figure). The book is different from the existing ones.

Hopefully it provides competition for Mankiw et al kinds of textbooks. They support free markets in everything. Wonder if they will promote and support this book well.  Of course the book will only pick up if it is superior in content and people value it more than the existing. But whether the consumers will be given a choice or not will be interesting to see.

How more beer consumption is expected to lower mortality in Russia..

September 12, 2014

Well, that is just a  cheesy and feel good title. As much of economics is around relative prices etc., this post is relative too.

So beer here is with respect to vodka. Lorenz Kueng and Evgeny Yakovlev in this fab post point how consumption in beer has increased in Russia since its break-up. As people mostly consumed Vodka earlier this led to many deaths. With rise in beer, the mortality due to alcohol is expected to decline:

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