Vietnam's dong teeters towards crisis Sep 22, 2009
A new decree from the prime minister came into effect on September 15 limiting scientific and technical research to 317 specifically approved topics; macroeconomics is glaringly one of the subjects omitted from the list. The Institute of Development Studies (IDS), Vietnam's only private think-tank, decided to disband in protest the day before the decree took effect. (Asia Times Online)
The Redemption of Keynes Sep 19, 2009
Modern macroeconomics is widely considered to be the house that Keynes built. He was a dominating transatlantic intellectual and policymaking force from World War I through World War II. (He died in 1946. (BusinessWeek)
There will be no recovery until debt tumour is excised Sep 15, 2009
Last year they did it again - only with methods they would have disparaged a mere year earlier (rational expectations macroeconomics, a modern neoclassical fad, preaches that government intervention cannot influence the level of economic activity at all - yet another belief that reality has recently crucified). This time, while the rescue has worked, the recovery they expect afterwards cannot happen - because there is almo 00004000 st no one left who will willingly take on any more debt. (Sydney Morning Herald -- Business)
* EDITORIAL: A Cabinet lacking in vision Sep 13, 2009
But his favored references X such as the stock index, restaurant revenues and the number of cargo trucks on freeways X could be a guise to cover up his and the new Cabinets limited knowledge of macroeconomics, as well as a lack of vision to shape economic policies ... The question is whether Wu and his new economic team X composed of old Chinese Nationalist Party (KMT) technocrats, none of whom possess a strong knowledge of macroeconomics X have gained a real understanding of what the... (Taipei Times, Taiwan -- World Business)
Why capitalism fails Sep 13, 2009
As he once wryly observed, There is nothing wrong with macroeconomics that another depression [won t] cure. But does Minsky s work offer us any practical help. (Boston Globe)
Economics and psychology Sep 12, 2009
Latter day New Classical Economists, whose theories are now the centrepiece of modern macroeconomics, were of the view that we should not consider animal spirits at all. The belief in free markets, that governments should not interfere with people in pursuit of their self-interest, has influenced national policies in England and the US during Margaret Thatcher and Reagans time respectively. (The Star Online, Malaysia -- Business)
PAPER: USA 'FACES ARGENTINA-STYLE FALL'... Sep 7, 2009
They're like children playing with fire, having no understanding whatsoever of macroeconomics. And they will blame the disaster on free markets. (The Drudge Report)
We are all Japanese now Sep 5, 2009
Asia Times Online :: Asian news and current affairs. This is the way the world ends This is the way the world ends Not with a bang but a whimper. (Asia Times Online)
Paying the price for focus on headline data... Aug 28, 2009
FT.com / Lex / Macroeconomics & markets - Inflation ... Macroeconomics & markets. (The Drudge Report)
Lessons from the global financial meltdown Aug 26, 2009
Since macroeconomics ultimately deals with human behaviour and their myriad economic decisions which may not be always rational, the outcome from any policy action may not necessarily be the most obvious logical one that snugly fits into our rigorous and well thought out econometric models. As far as markets are concerned, the crisis years have helped conclude that the rational assumption that market prices incorporate all available information may not be always true. (India Times)
Swelling US deficit threatens Obama reforms Aug 26, 2009
"Permanent deficits of this size are a real negative for long-run economic growth, pushing up interest rates and reducing the amount of capital available for private investment, ultimately reducing productivity growth," warned Augustine Faucher, director of macroeconomics for Moody's Economy. com. (Yahoo! Asia News)
People on the Move: Aug. 17 Aug 19, 2009
Longbrake has extensive experience in finance, macroeconomics and monetary policy, risk management, housing, public policy and academia, government, serving both the public and private sectors. Longbrake is a member of several committees of the American Bankers Association, including those for government relations, governance and mortgage markets. (Washington Business Journal, DC)
A National Conversation About Unconventional Ideas For Development Aug 18, 2009
It is somewhat of a mystery to me why almost none of the people who have held this important position had significant training and high-level expertise in macroeconomics. While we must appreciate the experiences and backgrounds of all those (and their deputies) who have held this important position, we undervalue the benefits of people who are solidly grounded in macroeconomics by not calling on them to deal with the challenges of our macroeconomy. (Ghana Web, Ghana)
Letters to the Editor: On economics Aug 13, 2009
SIR John Maynard Keynes was the most important of the founders of macroeconomics, though, as you implied without quite saying, he never used the term ... In a Festschrift in honour of Gustav Cassel in 1933, Frisch wielded the term macrodynamic in a sense indistinguishable from macroeconomic and used the Norwegian equivalent of macroeconomics in lectures around the same time. (The Economist)
Corn macroeconomics affect markets in August Aug 13, 2009
Minnesota Farm Guide: Leading Farm Newspaper. August 7Showers crossed Minnesota from west to east on Aug. 6-7. (Minnesota Farm Guide, MN)
Economics focus: Robert Lucas Aug 11, 2009
Both Mr Bernanke and Mr Mishkin are in the mainstream of what one critic cited in The Economist s briefing calls a Dark Age of macroeconomics ... I simply see no connection between the reality of the macroeconomics that these people represent and the caricature provided by the critics whose views dominated The Economist s briefing. (The Economist)
Dollars for scholars Aug 5, 2009
No college should have to pass around the begging bowl in order to teach macroeconomics or computer science. Take it up with the geniuses in Sacramento. (San Francisco Chronicle -- Opinion)
Did John McCain blink on Cash for Clunkers? Aug 5, 2009
His macroeconomics stalled at the Keynesian cross" was brutal. I half expected to see Summers sending his second to present Buiter with a white glove. Choose your macroeconomic model, sir -- we will meet at dawn on the White House lawn!But maybe the most interesting thing about Krugman's is how strongly a significant number of Krugman's own readers rejected any defense at all of Larry Summers, to the point of, at times, spilling over into denunciations of Krugman. By all accounts Summers is not... (Salon)
End the Fed? A not-so-crazy idea. Aug 4, 2009
The bans propped up thousands of undercapitalized and under-diversified banks banks unfit to survive major local shocks, let alone macroeconomics ones. They also caused bank notes competitively supplied counterparts of today's Federal Reserve notes to trade at discounts whenever they traveled far from the solitary offices of banks that issued them. (Christian Science Monitor)
Things looking up for technology firms Aug 1, 2009
Gus Faucher, director of macroeconomics at Moody s in West Chester, Pa. estimates that workers at digital technology and biotech companies make up 4. (Boston Globe)
For MBAs, a Post-Crisis Curriculum Jul 31, 2009
Existing courses in risk management, macroeconomics, and other crisis-related topics will be far more popular than they ever were. Ethics will play a bigger role than it did just a year ago. (BusinessWeek)
The Irrational Investor Jul 29, 2009
Nobel Prize-winning pundit Paul Krugman recently noted that the last 20 years of macroeconomics has been a complete waste of time. Thus, the new-found popularity of psychologically-based disciplines like behavioral economics. (Human Events Online)
It doesn't worklike that Jul 29, 2009
A recent issue of The Economist magazine has a cover showing a book titled "Modern Economic Theory" melting into a puddle of what looks like chocolate-coated vanilla ice cream, and with the caption "Where it went wrong - and how the crisis is changing it," which refers to how nobody in their right mind trusts any egghead "economists" anymore, and even Paul Krugman, one of the worst of the worst of them, now admits that the last 30 years of macroeconomics as practiced by these econometric,... (Asia Times Online)
No health care vote before August recess? Jul 29, 2009
Memo: No health vote before recess UPDATE - Glenn Thrush - POLITICO.com. when's the next election. (The Drudge Report)
China's GDP to grow around 9% in Q3: report Jul 28, 2009
Wang Xiaoguang, director of Macroeconomics Division of Institute of Economic Research of the National Development and Reform Commission, made the remarks in response to a latest report on China's economic growth in the third quarter. Related. (Xinhuanet, China)
ENERGY: Green jobs, brown economy? Jul 27, 2009
Hamilton specializes in macroeconomics and econometrics, the field of quantifying economics. He also is noted for his research on oil prices. (North County Times)
What went wrong with economics Jul 26, 2009
In a recent lecture, Paul Krugman, winner of the Nobel prize in economics in 2008, argued that much of the past 30 years of macroeconomics was spectacularly useless at best, and positively harmful at worst ... These important caveats, however, should not obscure the fact that two central parts of the discipline macroeconomics and financial economics are now, rightly, being severely re-examined (see , ) ... Add these criticisms together and there is a clear case for reinvention, especially in... (The Economist)
Peru stock market Jul 25, 2009
Macroeconomics & markets. Breadcrumb trail navigation. (FT.com -- Markets)
Ethiopia: The UN's Developmental State Farce Jul 23, 2009
The creator of macroeconomics did not live long enough to see that it had become fashionable to say "I am Keynesian." The world is full of true voices, not necessarily prophetic, that are muffled in favour voices that influential people want to hear. The Ethiopian government has weathered numerous pressures to privatize some of its big business involvements, such as the Ethiopian Telecommunications Corporation and its banks; it has resisted stern warnings from the IMF and the World Bank to... (allAfrica.com)
Survey: U.S. Recession Easing But Jul 21, 2009
The survey "provides new evidence that the U.S. recession is abating, but few signs of an immediate recovery," said Sara Johnson, managing director of global macroeconomics for IHS Global Insight, who helped analyze the report for the NABE.. "Industry demand was still declining in the second quarter of 2009, but the breadth of decline had narrowed considerably since late 2008, raising prospects for stabilization in the second half" of the year, she said. (Fox News)
J Mishra: Break loose from the diktat Jul 21, 2009
A recent policy research working paper at the World Bank opines that the problem facing economists and policymakers today is mostly intellectual, of the need to address systematic failure in thinking, analysis and functional rules in the realm of financial economics and macroeconomics ... After all, the standard models in macroeconomics assume that capital markets are efficient and work perfectly. (India Times)
Sotomayor Still Standing After Testimony Jul 17, 2009
7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent." When Buffett offered $1million to any CEO that paid at a higher rate than their secretaries, nobody came forward. Basic tax rates bedammed, what they end up paying is what matters. When the wealthy routinely pay a lower functional rate, exacerbated by phony conservative govt "control", THAT is an Entitlement. Gonna talk about your wife... (CBS News)
Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF Jul 17, 2009
It will replace the current IMF Staff Notes, and will be dedicated to publishing top-quality research on open economy macroeconomics. The publication will be open to both IMF and outside economists for unsolicited submissions, and it will be edited by the distinguished UC Berkeley academic, Pierre-Olivier Gourinchas. (IMF News)
Lex: China and the US dollar Jul 11, 2009
FT.com / Lex / Macroeconomics & markets - China and the US dollar ... Macroeconomics & markets. (FT.com -- Markets)
Argentina's Fernandez Shuffles Cabinet After Election Loss; Bonds Decline Jul 9, 2009
He has a degree in economics from the National University of Mar del Plata and a doctorate in economics from the Argentine Center for Macroeconomics Studies in Buenos Aires. Argentinas economy will grow more in coming months and we are going to grow strongly again next year, Boudou said in an interview with Buenos Aires-based newspaper Pagina/12. (Bloomberg -- Latin America)
Argentina's Fernandez Shuffles Cabinet Following Mid-Term Election Losses Jul 8, 2009
He has a degree in economics from the National University of Mar del Plata and a doctorate in economics from the Argentine Center for Macroeconomics Studies in Buenos Aires. Fernandez, who succeeded her husband in December 2007, didnt refer to the cabinet changes in a speech to military leaders following the announcement. (Bloomberg -- Latin America)
Nate Silver on the Greg MankiwPaul Krugman health care feud Jul 2, 2009
What if I want to learn intermediate macroeconomics. said. (Harper's Magazine)
US economy better than expected Jun 26, 2009
"The recession continues, but the rate of contraction in the second quarter should be much slower," said Augustine Faucher, director of macroeconomics at Moody's Economy. com. (BBC News -- Americas)
Barack Hoover Obama? Jun 23, 2009
" Who knew the governator was a Keynesian?California is far from alone. passes along indicating that eight states are currently registering record unemployment rates, with Michigan leading the way at a whopping 14.1 percent. But given the size of California's economy, the implications for overall U.S. economic growth are daunting.On the optimistic side, there have also been some reports this week that home prices are stabilizing in both and California. Since California's woes began in the... (Salon)
Land of the lost global warming skeptics Jun 20, 2009
Another answer, offered by Krugman, is that "most people don't know much about macroeconomics.". What I wonder is: if you had polled Americans in 1936-37 about economic policy, what would they have said. (Salon)
Wonk Watch 6.18 Jun 19, 2009
"Most people don't know much about macroeconomics," says Krugman. Then again, he adds, "many macroeconomists don't know much about macroeconomics.". (Slate)
China's recovery won't drive up commodity prices Jun 18, 2009
"The past rapid expansion of the Chinese and global economy was an overdraft on the future. The Great Depression was a way to make up for an earlier overdraft, but in a catastrophic way. "Contemporary policymakers who grew up with Keynesian Theory and macroeconomics are seeking to contain a catastrophe at the price of some inflationary risks. If we didn't need to take any inflationary risk, the crisis would not be anywhere close to the Great Depression of the 1930s," he said. The ideal and most... (Xinhuanet, China)
All for nothing Jun 18, 2009
But professor of macroeconomics at Durham University, Parantap Basu, says workers need to think carefully about agreeing to such a deal with their employers. WHAT TO CONSIDER Can you afford to work for nothing. (BBC News -- UK)
Asia Stocks Dip, Quarter-End Spurs Profit-Takers Jun 18, 2009
"The global economy will continue to heal itself, albeit at a gradual pace. The current sell-off in risky assets is inconsistent with the gradually improving economic fundamentals," said Stephen Jen, managing director of macroeconomics and currencies at BlueGold Capital Management, a London-based hedge fund. 1. (ABC News -- Wire)
Asian shares slide on profit taking Jun 18, 2009
"The global economy will continue to heal itself, albeit at a gradual pace. The current sell-off in risky assets is inconsistent with the gradually improving economic fundamentals," said Stephen Jen, managing director of macroeconomics and currencies at BlueGold Capital Management, a London-based hedge fund. Asian stocks outside Japan are up nearly 30 percent so far in the April-June quarter and poised for their biggest quarterly gain in 16 years, led by a surge in Hong Kong's Hang Seng and bank... (Sydney Morning Herald -- Business)
Turnbull, Hockey in the spotlight Jun 17, 2009
Lindsay Tanner blogs exclusively for BusinessDay. Peter Costello's prospective departure from the national political stage changes a number of things. (Sydney Morning Herald -- Business)
With the departure of Peter Costello, Malcolm Turnbull and Joe Hockey can expect increased scrutiny. Jun 17, 2009
Turnbull, Hockey in the spotlight - Lindsay Tanner - BusinessDay Blogs on WAtoday. Turnbull, Hockey in the spotlight. (Sydney Morning Herald -- Business)
It all comes down to Keynes Jun 16, 2009
For only on Planet Econ-101 (the standard macroeconomics course drummed into every US undergraduate) could such a tidal wave of debt issuance exert "no upward pressure on interest rates". Of course, Mr Krugman knew what I meant. (Asia Times Online)
Dismal science Jun 16, 2009
Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst, said Mr Krugman. As for the economy, the road back to health will be long and painful. (The Economist)
Who's Winning the Paul Krugman/Niall Ferguson Bond Fight? Jun 5, 2009
Given the large deficits and rising concerns about the viability of Social Security and Medicare, Ferguson writes, "It is hardly surprising, then, that the bond market is quailing. For only on Planet Econ-101 (the standard macroeconomics course drummed into every U.S. undergraduate) could such a tidal wave of debt issuance exert 'no upward pressure on interest rates.' " Ferguson's fears have been echoed by the planet's leading inflation-phobe German Chancellor and by influential Stanford... (Slate)
Bagehot : The postman rings twice Jun 5, 2009
Mr Johnson has not evinced the grasp of macroeconomics that Mr Brown boasts. He is unlikely to wow economics laureates with his diagnosis of the financial crisis or define the agenda of a G20 summit. (The Economist)
Lex: Getting back to normal Jun 4, 2009
FT.com / Lex / Macroeconomics & markets - Getting back to normal ... Macroeconomics & markets. (FT.com -- Markets)
Treasury puzzled by IMF forecasts Jun 3, 2009
Treasury and the Reserve Bank of Australia were "very, very close'' on their separate forecasts, a Senate hearing was told today. "I remain puzzled by the IMF forecasts,'' Treasury's executive director of the macroeconomics group David Gruen said. In the May budget, Treasury forecast gross domestic product growth (GDP) being flat in 2008/09, contracting by 0. (Sydney Morning Herald -- Business)
Milos Golic: A Great Example Jun 3, 2009
I would definitely say Economics 2, macroeconomics. I took it with Professor Peter Rupert and it was by far the most useful and interesting class here. (Ucsbgauchos.com)
Honors Program recognizes Lake Land College students May 30, 2009
Smoes spoke on the research he is conducting on the economic recession in his honors macroeconomics course and Suuya presented her honors independent study project titled Marketing s Impact on the HIV/AIDS Global Industry. To become part of the honors program, entering freshmen must enroll in a college transfer program at LLC and submit an application package including a completed application form, an official high school transcript, a copy of the applicant s ACT/SAT record and two letters of... (Mattoon Journal-Gazette, IL)
Bulls roar on Russia's stock exchange May 24, 2009
"Investors are not analysing macroeconomics when deciding whether to invest in Russia," the chief economist in Moscow for Merrill Lynch, Yulia Tseplayeva, said. "They look at oil prices, and believe that when oil prices rise, so will the Russian market. And that is true.". (Sydney Morning Herald -- Business)
COMMENCEMENT ADDRESS: Read it all May 23, 2009
I pursued my interests from graduate school by delving deeply into the causes of the Great Depression of the 1930s, along with many other topics in macroeconomics, monetary policy, and finance ... Although I never could have prepared in advance for the specific events of the past 21 months, I believe that my efforts throughout my life to expand my horizons and to keep a broad perspective--for example, to study and write about economic and financial history, as well as more conventional topics in... (USA Today -- Money)
Rwanda: Regional Security Meet Underway in Kigali May 13, 2009
The seminar's keynote speaker, Prosper Musafiri, the head of Macroeconomics and Planning in the Ministry of Finance (Minecofin) in his four-part presentation on the management of security resources emphasized the link between security and economic development. "Insecurity is a key barrier to achieving the set development goals and, crime and lawlessness have an impact on growth and development," Musafiri said, adding that delivery of services to poor people becomes "even harder.". (allAfrica.com)
BusinessWeek: CSU business college in top 10 for marketing, law May 9, 2009
Other top 50 rankings by CSU among undergraduate specialties are 15th in macroeconomics, 25th in ethics, 25th also in calculus, 33rd in accounting, 33rd also in sustainability (a new category this year) and 34th in corporate-strategy programs. "We are very pleased with this ranking and especially appreciative that our students recognize they're getting a quality education at Colorado State," Tom Ingram, chair of CSU's marketing department, said in a statement Friday. (Denver Business Journal, CO)
Bawumia picks up job in Canada May 8, 2009
D. in Economics from the Simon Fraser University, Burnaby, British Columbia in Canada where he specialized in Macroeconomics, International Economics, and Monetary Economics. He has a Bachelors (First Class Honors), Masters and PhD degrees in Economics from Buckingham University (UK), Oxford University (Lincoln College), and Simon Fraser University (Canada). (Ghana Web, Ghana)
Monetarism enters bankruptcy May 6, 2009
The invasive dominance of monetarism in macroeconomics has been total ever since central bankers, led by Alan Greenspan, who from 1987 to 2006 was chairman of the Board of Governors of US Federal Reserve - the head of the global central banking snake by virtue of dollar hegemony - embraced the counterfactual conclusion of Milton Friedman that monetarist measures by the central bank can perpetuate the boom phase of the business cycle indefinitely, banishing the bust phase from finance capitalism... (Asia Times Online)
The Shift Happens Gabfest May 2, 2009
Christopher says it is so good that he requires his macroeconomics students to read it, and David heartily endorses the selection. Second, Bill Walthall recommends by Neil Gaiman, a scary children's book that won the 2009 Newbery Medal as the most distinguished contribution to American literature for children. (Slate)
Economics focus: New fund, old fundamentals May 2, 2009
They are one and the same textbook: Lectures on Macroeconomics (1989) by O. Blanchard and S. Fischer. Perhaps the IMF will not be so different after all. (The Economist)
• CSINorth Side registration underway Apr 30, 2009
North Side summer academic course offerings include Introduction to Financial Accounting, Principles of Macroeconomics, Medical Termin-ology, Basic English and Writing, Prealgebra, Beginning Algebra, Math in Modern Society and Health and Wellness. Summer 2009 academic classes begin on June 2. (Burley South Idaho Press, ID)
Economy shrinks a more-than-expected 6.1% in Q1 Apr 30, 2009
"Tax cuts and expanded government spending are supporting incomes, and households may feel that they have cut back enough on their spending," said Augustine Faucher, director of macroeconomics at Moody's Economy. com. (USA Today -- Money)
