Archive for June 27th, 2016

The growing problem of excess weight in India…

June 27, 2016

Prof Pushkar Maitra and Nidhiya Menon write on the issue.

The Indian population is increasingly becoming overweight or obese, and this phenomenon is likely to impose a considerable health burden in the future. Analysing data from the Indian Human Development Survey, this column finds that obesity is more evident among affluent, well-educated, urban groups, especially adult women. Increasing incomes and sedentary lifestyles are key contributing factors.

The unintended consequences of rising incomes…

India’s extremes now move to health care as well. Earlier problem was mainly of malnutrition and underweight. Now both of these remain and we see the other extreme of over-nutrition and overweight catching up….

When tiny Iceland did beat England: It’s time to brush up on the Cod Wars

June 27, 2016

Euro cup 2016 has been a good one with lots of smaller teams stading to the might of big European teams. But I guess story of Iceland is perhaps the most inspiring. They meet England today and probabilities of their win are pretty slim.

But there will be a fight for sure. England should know this well given the bitter history of cod wars between the two teams. Here is a nice bit of story on the wars and how Iceland beat England in fishing wars…

How ECB has turned the central bank seignorage model upside down?

June 27, 2016

Of all the noise around central banks. this blog just likes the discussions around central bank balance sheets. Learning about central bank balance sheets is perhaps all there is to monetary policy. But again it is hardly emphasised enough.

Daniel Gros has a superb piece on how  negative rates have impacted ECB balance sheet. Things have turned upside down actually. Traditionally central banks issue liabilities at near zerocost and earn on its assets which is usually investment in government bonds. With negative rates, ECB earns on its liabilities and distributes its earnings across the Eurozone via the national central banks. ECB has become more like an investment bank which uses leverage to earn interest on its assets.

(more…)


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