“In my view … it is impossible to understand this crisis without reference to the global imbalances in trade and capital flows that began in the latter half of the 1990s.” Bernanke (2009)
Compared with the average quarterly value of GDP in 2007-08, the first two quarters of . . . → Read More: Rebalancing in the Baltics – A Preliminary Assessment
Daron Acemoglu wrote a marvelous article discussing the supportive role of incentives and institutions in global poverty reduction and economic development (link):
“If we know why nations are poor, the resulting question is what can we do to help them. Our ability to impose institutions from the outside is limited, as the recent U. . . . → Read More: Poverty, Incentives, and Development
Tackling systemic risk is no job for the status quo by William Donaldson and Arthur Levitt, in the Financial Times. Short-Selling Bans around the World: Evidence from the 2007-09 Crisis by Alessandro Beber and Marco Pagano. The abstract reads: Most stock exchange regulators around the world reacted to the financial crisis of 2007-2009 . . . → Read More: Interesting Readings for November 23, 2009
The Bill and Melinda Gates foundation announced this week that it will grant one of the largest privately sponsored school improvement programs in recent memory — several teacher performance improvement initiatives in more than four states.
The program will focus on efforts to improve teacher’s results rather than simply compensate them on “educational qualifications.”
. . . → Read More: Gates Foundation Gives Teachers a $335M Raise