Archive for June 9th, 2016

Could a leap year matter so much to GDP accounting?

June 9, 2016

My good friend Vipul Mathur has finally started blogging. This is like inviting competition for oneself and threaten yourself to oblivion.

His first post is on this leap year effect on Japan’s GDP:

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The paradox for Business Standard newspaper – to charge or remain free

June 9, 2016

It is interesting how newspapers especially pick ones look at all possible information on changes in strategy of a company. Anything done in an opaque manner is not seen kindly by them. However, they just remain mum on changes in their own strategy. There is hardly any discussion about the business of their peer group.

Business Standard has always been a very clean and neatly organised paper. It is unlike the more popular Economic Times which is all over the place. I also discovered couple of years ago about its daily e-newsletter. It would summarise today’s paper in a superb way. One has subscribed to quite a few of such newspaper etc updates, but Business Standard was easily the best.

Just like its newspaper it had maximised the information in a minimum capsule. I was not alone in this, see some comments here as well. Needless to say, some of these pieces became a constant fodder for this blog as well.

And suddenly it has begun to charge for its editorials. There was no information or anything. Just one fine day you realise that some 7-8 links of the e-newsletter have begun to be charged.

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Denmark: Where negative interest rates are normal

June 9, 2016

All abnormal things usually look normal in Denmark (and also in its Nordic countries). Most economics textbooks are just plain biased suggesting that only US model can work. Denmark/Nordic countries might just be discussed (and rubbished) in a box somewhere if at all. Now I am not advocating the Nordic model of high tax/high welfare. Just that things are way too biased in economic teaching. There are alternate economic models of growth which are barely discussed.

As negative interest rates are seen as abnormal everywhere, things are pretty normal in Danes’ land which has had -ve rates for a while now:

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