All posts in tag: economics

Carola Binder The Brazilian election and Central Bank independence

Brazilians will head to the polls on Oct. 5 to vote in a tight presidential race. President Dilma Rousseff’s leading challenger is Socialist Party candidate Marina Silva. A key component of Silva’s economic platform is her support for a more independent central bank. Central bank independence, long a topic of interest to … More >

David Zilberman Economics in the land of lakes, caves, and castles

Slovenia is a small Slavic nation in the middle of Europe, between Latin and Germanic countries (Italy and Austria), and is an embodiment of all three. It has been under Austrian rule for 1000 years, and was freed by Napoleon, who is considered a hero (they have a nice statue … More >

Yuriy Gorodnichenko Macroeconomic stimulus for Ukraine

After years of mismanagement and looting, Ukraine faces a number of economic challenges. The situation is so critical that weak economic performance in the next few years could undermine the very independence of the country. Just yesterday, President Poroshenko signed a degree setting up the National Council for Reforms to … More >

Brad DeLong Thoughts on Robert Skidelsky’s Rant Against the Current Economics Curriculum

Over at Equitable Growth: The extremely wise Robert Skidelsky has an excellent rant against Anglo-Saxon economics departments:

Robert Skidesky: Knocking the scientific halo off mainstream economists’ teaching and research: “The growing discontent of economics students…

…with the university curriculum…. Students at the University of Manchester advocated an approach ‘that begins with economic … More >

Carola Binder Financial networks and contagion

Financial Networks and Contagion,” a recent paper by Matthew Elliott, Benjamin Golub, and Matthew Jackson, uses network theory to study how financial interdependencies among governments, central banks, investment banks, and other institutions can lead to cascading defaults and failures.

Source (PDF)

While the model is quite technical, the main theoretical findings are … More >

David Zilberman Addis, Lucy and food security

Last week I returned from my second trip to Africa in one month, this time to Ethiopia. I went there as an advisory board member of Food Secure, a large EU research consortium on food security. This was my first time in East Africa, Addis is about 3000 feet above … More >

Dan Farber Denial as a way of life

As it turns out, many of the same people who deny that climate change is a problem also deny that government default would be a problem.  No doubt there are several reasons: the fact that Barack Obama is on the opposite side of both issues; the general impermeability of ideologues to facts … More >

Brad DeLong Discussion of Robin Greenwood and David Scharfstein: The growth of modern finance

On Robin Greenwood and David Scharfstein: The Growth of Modern Finance:

The financial sector does six things:

Payments–so that your web of exchange can span the world, rather than just be limited to people you know well and can trust not to welsh on the deal
Security–so that your command over economic resources … More >

Claude Fischer Loss of economic exceptionalism

One of the key dimensions of “American Exceptionalism” is the idea that America is the land of opportunity more than any other. We would like to believe that American children who are raised in the meanest conditions are likelier to move up in the world than are children elsewhere. Yet, … More >

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