A whiff of luddism
Ken Rogoff—the Cassandra of the financial markets crisis—insinuates a moral lesson from a another technical disaster without, however, actually d...
Tag: macroeconomics
The cost of Renminbi adjustment
Yang Yao, Editor of the China Economic Quarterly, points out that Obama's health budget calculations may depend on Chinese savings "Stopping the sale of Treasu...
Tea leaves
A hiccup? Or a sign that imported deflation—via low-priced Chinese imports—will now start to slow? "‘Labour availability is tight right now i...
Chinese savings rate & the gender balance
Fascinating. A strong, explanatory correlation appears between very high household savings rates and the male-gender imbalance. "…[E]conomists and policy...
Two strikes from recession, not three
Lindsay Tanner's claim reads like part of a narrative that has been prepared by the Rudd government. "The challenge for the government now is that whereas Ha...
Bad plus bad equals worse
The key piece of bad news, today, from Chapter 3 of the IMF World Economic Outlook Recessions that are associated with both financial crises and global downtu...
Micro-macro
Tim Harford—discussing the dissing of macro—quotes P J O'Rouke: "[M]icroeconomics concerns things that economists are specifically wrong about, whi...