Archive for February 3rd, 2015

Persistent overoptimism about economic growth….

February 3, 2015

Kevin Lansing and Benjamin Pyle look at this perennial issue of being overoptimistic on economic growth.

They question the dominant rational expectations theory:

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From Greenspan /Bernanke put to Central Bank put and some game theory..

February 3, 2015

Vineet Bhansali of PIMCO on the topic.

He says how central banks are responding to PIMCO’s outlook. Calls them credible irresponsible institutions:

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How did World Cup cricket start in 1975?

February 3, 2015

Great pieces on WC history:

  • Rob Steen writes on how no one in Aus wanted to captain the team for WC. One dayers was such an unwanted thing
  • Martin Williamson on how the momentum built up slowly
  • Javed Miandad reflects on making his debut as a 18 yr old in World Cup

Great stuff to read on WC cricket history.

Be cautious making policy from the new GDP data..

February 3, 2015

Arvind Subramainam says so. He would surely be surprised as well to see such massive upward revisions in recent years. Must be relieved as well that he got the top job before the data was released. After all many policy careersincluding his were built criticising the previous government’s track record on economic front.

So what does he say?

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What is FSLRC all about?

February 3, 2015

Ajay Shah links to this speech by Justice Srikrishna, the chair of FSLRC report.

A pretty straight forward speech. He starts with the proposed changes in FSLRC which range from consumer protection to macro management.

In the end he says:

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