Archive for August 19th, 2016

GDP was one of the most important inventions of the 20th century, what about its place in 21st?

August 19, 2016

Nice article by Prof. Philipp Lepenies of Free University (Berlin). I didn’t know that US Commerce Dept actually called GDP as one of the most important inventions of 20th century.

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Economic and Political Weekly’s (EPW) 50th anniversary: A tribute…

August 19, 2016

EPW celebrates its 50 years of anniversary tomorrow. It transitioned from an Economic Weekly which started in 1949 to Economic and Political Weekly on 20 Aug 1966. For most students of Indian economy, the white and red journal has been a constant companion. It has also been a source of irritation as it comes out with new things to read every week!

Aniket Alam and C. Rammanohar Reddy pay a tribute to EPW on the eve of its 50th  anniversary:

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Monetary policy in a low r-star world

August 19, 2016

This short paper by John Williams of San Francisco Fed is doing rounds.

Williams says much of the developed world is stuck in a low r star or the neutral rate:

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