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Blog Profile / Free Exchange

Filed Under:Business & Finance / Economics
Posts on Regator:5596
Posts / Week:17.2
Archived Since:June 7, 2008

Blog Post Archive

The dollar's sterling work

A FORTHCOMING paper in the Journal of Development Economics looks at the dollar’s ascendancy to global reserve currency. Barry Eichengreen, of the University of California, Berkeley, and two economists from the ECB up-end the conventional history of when the dollar became top dog. Show More Summary

Learn, and be less unequal

IN THIS week’s Free exchange column, we look at why globalisation may not reduce inequality in developing countries. Lots of theories have been proposed. We discuss one, outlined by Eric Maskin of Harvard University. Mr Maskin has been working for over a decade on this theory, which he is developing alongside Michael Kremer, a Harvard colleague. Show More Summary

A less dovish Yellen, a more dovish Draghi

The contradictory signals generated by American labour market data in the last year have provided grist for both hawks and doves at the Federal Reserve. For hawks, the rapid decline in the unemployment rate shows slack in the economy is disappearing so the Fed should tighten soon. Show More Summary

New numbers, same conclusion

THE ECONOMIST recently published an article about the costs and benefits of various kinds of zero- and low-carbon energy, “Sun, wind and drain”. The article was based on research by Charles Frank of the Brookings Institution (whose paper is here). Show More Summary

Kidneys and housing bubbles

WE ARE covering the 5th Lindau Meeting on Economic Sciences, held in a small, pretty Bavarian town. It is a unique event, with about half the living Nobel laureates in attendance. Each gives a talk about their research and then leads a small class to a select group of young economists. Show More Summary

Economics for the masses

Once thought of as a staid profession, economists are increasingly repackaging themselves for public consumption. The rise of data journalism has helped catapult practitioners of the dismal science into the public domain. However, the gap between economists’ thinking and public opinion is often large. Show More Summary

Fad or fact?

Has something more fundamental gone wrong than the usual down-phase of the business-cycle?

Cash for conflicts

New research suggests that development projects and food aid have fueled civil conflicts

Mr Dependable

RECOGNISING that fragile economies need strong leaders, Mark Carney, the governor of the Bank of England, aims for an air of unruffled competence. Recently, however, his mixed messages on the economy have bamboozled firms and financial markets. Show More Summary

A little problem with the jobs recovery

SINCE 2010 the American unemployment rate has fallen from about 10% to about 6%. Ask an economist whether a lower unemployment rate is good and they will look at you sideways. Ask an epidemiologist and you might get a different answer. Show More Summary

What the Ivies can learn from Wellesley

Wellesley implemented policies to reduce grade inflation of which Paul Volcker would be proud

Crediting the classroom

Taking on debt is one of the more perilous economic decisions a person can make. Compound interest can amplify even small periods of delinquency, leading to lower incomes, scarred credit ratings, even bankruptcy. Yet the biggest consumers...Show More Summary

Patents that kill

The patent system encourages pharmaceuticals to pump out drugs aimed at those who have no chance of survival

Dog days

The ECB had some worrying economic developments to mull over when its council met today

Putting cars into reverse

The “cash for clunkers” program, introduced during depths of the downturn, was supposed to be a policy two-for-one. By paying people to trade in their old fuel-guzzling cars for new efficient ones, the scheme was supposed to jump start...Show More Summary

A tight spot

The Fed might want to hold off just a bit before ending asset purchases

Gone missing

Why has the growth in remittances not led to growth in GDP?

Strangled at birth

Mr Azevêdo urged members “to reflect long and hard on the ramifications of this setback”.

Width, not depth

How useful are alternative indicators of poverty and development?

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