Archive for June 6th, 2017

Bank of England economists reading children books to simplify writing…

June 6, 2017

Paul Romer was recently sidelined for asking WB economists to wrote clearly. So much so for economists continued hubris.

However, some organisations are taking this criticism seriously. For instance Bank of England econs are reading children author books: (HT: MR Blog):

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Why Italian bonds remain riskier compared to Japanese despite latter having higher government debt?

June 6, 2017

The praise or blame as expected is on central bank doors.

Prof. Athanasios Orphanides who is also former head of Bank of Cyprus blames ECB for Italy’s woes:

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Kerala diaspora in West Asia jittery..

June 6, 2017

It is always fascinating to learn about people’s migration to other regions in search for better economic opportunities. Kerala-West Asia ties are as old as any such migration history.

So this story tells you how Kerela people are preferring Qatar in recent times and why that is worrying now:

Apprehension prevails among the Kerala diaspora in West Asia, with the Gulf states, including Saudi Arabia and the United Arab Emirates, severing diplomatic ties with the oil-rich Qatar.

Non-Resident Keralites and their families are panicked as consular ties have been severed by these countries, and all land, sea, and aviation ports to Qatar closed. Of the 6.5 lakh Indians working in the gas-rich Qatar, 3.5 lakh are from Kerala, and their safety has become a concern for their families back home as well as the State government.

Though Qatar Airways, the state-owned flag carrier of the Emirate, has cancelled its flights to Saudi Arabia following the diplomatic crisis, flights to the three international airports of the State were operated according to schedule on Monday.

The airline conducts daily flights to Thiruvananthapuram and Kozhikode international airports and 11 weekly flights to Cochin International Airport. Keralites working in Gulf states prefer to travel via Doha, and it is reflected in the flights being operated from the Hamad International Airport to the State.

Though sources in the airline maintained that flights to Kerala on Tuesday would be operated as per schedule, uncertainty prevails over the travel of Keralites to Gulf states like the United Arab Emirates, Saudi Arabia, Bahrain, Yemen, and Egypt. Many use Qatar as the gateway to reach Saudi Arabia.

 Abu Dhabi’s state-owned Etihad Airways has suspended all its flights to and from Doha. As a result, those proceeding via Emirates flights from its hub in Dubai to Doha will have to depend on other airlines.

Sources in the airlines said the impact of the diplomatic crisis on the aviation sector would be felt in the coming days, and flyers would have to skip the Hamid International Airport in Doha for proceeding to other Gulf states.

The crisis will also be a setback for the Kerala diaspora in Qatar that has been growing noticeably in the wake of the booming construction sector as part of the build-up to the FIFA World Cup 2022.

Unlike other the Gulf Cooperation Council (GCC) nations where the Kerala diaspora is shrinking due to a host of reasons, Keralites have been looking forward for greener pastures in Qatar of late.

 

A new journal on behavioral public policy..

June 6, 2017

Given plethora of economics and public policy journals, one thought a journal on behavioral public policy will already be there. But this one has just started by Cambridge University Press

The first edition was released in May 2017 and looks really promising with articles from who’s and who.

The initiative was was announced in Sep 2016:

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