Friday, October 20, 2017

ECON 5505: Topic 1 continued: Globalization, economic divergence, and place-based policies

This coming week's Economist has a leader and briefing on what is causing regional divergence and what to do about it.

Here is the leader:

https://www.economist.com/news/leaders/21730412-time-fresh-thinking-about-changing-economics-geography-right-way-help-declining

Here is the briefing:

https://www.economist.com/news/briefing/21730406-what-can-be-done-help-them-globalisation-has-marginalised-many-regions-rich-world

As you will see, this relates very directly to the Chakravarty-Dehejia research on regional inequality, with the difference that the Economist is focussing on advanced rather than emerging economies.

Thursday, October 19, 2017

ECON 5505: Topic 4 continued: Debates Around Macro, Trade, and Finance

Proceedings of this recent conference organized by Olivier Blanchard and Lawrence Summers at Peterson Institute in Washington, DC (videos, papers, slide decks) are highly recommended.

https://piie.com/events/rethinking-macroeconomic-policy

Friday, October 6, 2017

ECON 5505: Topic 4: Debates around Global Money and Finance

PLEASE NOTE: IF THE LINKS ARE NOT "LIVE" COPY AND PASTE THE RELATED URL INTO YOUR BROWSER OR SEARCH BY AUTHOR, TITLE, AND PUBLICATION THROUGH A SEARCH.

Vivek Dehejia, “Illusions bred by a reserve currency”, Mint, July 17, 2014. Available here: http://www.livemint.com/Opinion/ PYlOLpqmSTcMFc5qhLB8TP/Illusions-bred-by-a-reserve-currency.html .

_____, “Greece, Germany, and the economics of currency unions”, Mint on Sunday, May 3, 2015. Available here: http://www.livemint.com/ Sundayapp/VPzcnylIMGmdvgHTFpX5xJ/Greece-Germany-and-theeconomics-of-currency-unions.html . ALSO READ ALL THE EMBEDDED LINKS
. _____, “The perils of cheap money”, Mint, July 19, 2015. Available here: http://www.livemint.com/Opinion/FjZKeHGIkBBti8s3LKM3dI/The-perilof-cheap-money.html .

_____, “Inflation targeting and the evolution of monetary policy”, Mint on Sunday, August 2, 2015. Available here: http://www.livemint.com/ Sundayapp/b6dtiEFyLTGFikJmZ5qZfJ/Inflation-targeting-and-theevolution-of-monetary-policy.html . ALSO READ ALL THE EMBEDDED LINKS.

 _____, “Contagion and spillovers in the world of finance”, August 30, 2015. Available here: http://www.livemint.com/Sundayapp/ nc7XnCRlLfp2HUIuoCi0xK/Contagion-and-spillovers-in-the-world-offinance.html . ALSO READ ALL THE EMBEDDED LINKS.

 _____, “Time for a world currency?”, Mint, April 11, 2016. Available here: http://www.livemint.com/Opinion/9NwJ0lNsunbdXyQkKJjQJL/Timefor-a-world-currency.html . _____, “Why have capital flows to emerging economies slowed down?”, Mint on Sunday, May 14, 2016. Available here: http://www.livemint.com/ Sundayapp/MVBM3Enk5ZDtzYN2697buM/Why-have-capital-flows-toemerging-markets-slowed-down.html . ALSO READ ALL THE EMBEDDED LINKS.
 _____, “The genius of Robert Mundell”, Mint, July 18, 2016. Available here: http://www.livemint.com/Opinion/FjZKeHGIkBBti8s3LKM3dI/Theperil-of-cheap-money.html .

 _____, “The currency question”, Mint, August 15, 2016. Available here: http://www.livemint.com/Opinion/sBvcmx3LvdmXo9HDr9CIcN/Thecurrency-question.html .

The Economist, “The Mundell-Fleming Trilemma: Two out of three ain’t bad”, August 27, 2016, available here: http://www.economist.com/news/ economics-brief/21705672-fixed-exchange-rate-monetary-autonomy-andfree-flow-capital-are-incompatible .

Vivek Dehejia _____, “Decoding inflation in India”, Mint on Sunday, September 4, 2016. Available here: http://www.livemint.com/Sundayapp/ nWV9n2mle4QboagcYO5XSK/The-roots-of-inflation-in-India.html . ALSO READ ALL THE EMBEDDED LINKS.