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Blog Profile / Free Exchange

Filed Under:Business & Finance / Economics
Posts on Regator:5628
Posts / Week:17.1
Archived Since:June 7, 2008

Blog Post Archive

Ronald McKinnon has died

Ronald McKinnon, a prolific and pioneering international economist, died today of complications from a fall he suffered at San Francisco's airport 12 days ago. The news come from John Shoven at Stanford University, where Mr McKinnon had been a professor since 1961. Show More Summary

Economic pain, caused by Ukraine

TODAY Russia submitted its budget to the Duma, the lower house of the parliament. After three rounds of discussions, Vladimir Putin, the president, will sign it into law. The budget shows how much trouble the Russian economy is in—and how unwilling the government is to face up to reality. Show More Summary

Are more jobs low-paying?

THERE has been a widespread media narrative recently which says that the British labour market recovery has relied on low-paying jobs. We highlighted this trend, and its implications for tax revenues, in the print edition two weeks ago. Show More Summary

They let it happen

Insider accounts affirm that the decision to let Lehman fail was political

The 'bond king' departs

This week: Bill Gross leaves PIMCO, trade deals in trouble and the rising US dollar

Breathe deeply for the three of us

IN 1993 Vaughn Starnes, a Californian surgeon, performed an operation on a 13-year-old patient with cystic fibrosis, a disease that affects breathing. He removed one lung lobe from each of the parents then transplanted them into the child’s lungs. Show More Summary

Europe's rebalancing is not borne by Europe

While doing some research for an upcoming article, I checked on the evolution of current account imbalances since the recession and was struck by how China and Europe have traded places. China's surplus has fallen from 10% of GDP inShow More Summary

No slip-ups

TODAY Mario Draghi, the president of the European Central Bank, visited Vilnius, the capital of Lithuania. Lithuania formally adopts the euro in 2015, becoming the 19th country to do so. (We will be reporting more on Lithuania’s economy...Show More Summary

Say it ain't so, Zhou

Rumours spread that Zhou Xiaochuan, China's long-serving central bank chief, will lose his job.

Waving goodbye?

THIS week: The latest grim economic news from the eurozone, the future of Oracle after Larry Elison (sort of) leaves and an accounting irregularity at Tesco

An author's response

ON FRIDAY we published a short piece on the evidence for and against poverty traps. We discussed a paper that was recently published in the Journal of Economic Perspectives. One of the authors, Aart Kraay, submitted a response to the article, which we publish below. Show More Summary

Do poor countries really get richer?

DO POVERTY traps exist? Academics seem to think so. According to Google Scholar, so far this year academics have used the phrase “poverty trap” 1,210 times. (Paul Samuelson, possibly the greatest economist of the 20th century, was mentioned a mere 766 times). Show More Summary

What technology will bring

SAVINGS RATES in many developing countries are too low. As we argue in this week’s print edition, many poor people in developing countries struggle to save because of demands on their cash—say, from greedy family members or neighbours. Show More Summary

Still patient, but for how long?

For those watching the Federal Reserve's meeting which ended today, no news was good news. The Fed, as expected, said it would end its bond buying programme (also known as quantitative easing) next month. Many in the market wonderedShow More Summary

The political appeal of currency union and disunion

I HAVE watched the debate over Scotland’s independence with a certain déjà-vu. In 1995, I along with everyone else in Canada watched nervously as Quebecers voted on whether to separate. Like Scotland’s separatists today, Quebec’s then said they would continue to use the old country’s currency. Show More Summary

A crude view of technology

Energy billionaires are not necessarily an indicator of technological stagnation

A little extra cash, a lot of extra schooling

IN 2012 there were over 168 million child labourers. That's a big decline from a few years ago (see chart), but still a huge number. How best to get it down? Outlawing it is one option. Most countries have had child-labour laws for years; but given that one in ten children worldwide are labourers, the legal system is no silver bullet. Show More Summary

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