Approach paper released by the Financial Sector Legislative Reforms Commission

The Financial Sector Legislative Reforms Commission (FSLRC) is rethinking the legislative foundations of the Indian financial system. FSLRC was setup by a notification on 24 March 2011 and asked to submit its findings on 24 March 2013. FSLRC constitutes the first time in Indian history that a large-scale re-examination of multiple laws in a . . . → Read More: Approach paper released by the Financial Sector Legislative Reforms Commission

Project Tanzanite: Obtaining fundamental progress in the macroeconomics of developing countries

I was at a meeting in London recently, organised by the IGC, on the subject of the research agenda in macroeconomics for developing countries. This made me think about how to make progress.

The US as the shared dataset for mainstream macroeconomics

All existing knowledge on macroeconomics is rooted in data about the US . . . → Read More: Project Tanzanite: Obtaining fundamental progress in the macroeconomics of developing countries

Randomised Field Experiments

In recent years, many economists have been attracted by the possibility of obtaining better knowledge using randomised experiments, which are termed the `gold standard’ for empirical analysis. I have long been skeptical about this approach, for three reasons:

Reality is a complicated nonlinear relationship in many dimensions. Each randomised experiment illuminates the gradient vector . . . → Read More: Randomised Field Experiments

Other Alpha Sources for July 2, 2010

Steve Waldman has a very good post this week about the folly about the austerity vs non-austerity discussion which seems to be going the rounds at the moment. In fact, it you take a mental picture of the current financial market discourse most arguments can be bracketed along the two axes of austerity vs . . . → Read More: Other Alpha Sources for July 2, 2010

American University Research

University, Inc.: The Corporate Corruption of American Higher Education. By Jennifer Washburn. Basic Books, 2005. 326 pages. $26.00.

University, Inc.: The Corporate Corruption of American Higher Education is a necessary book but also a sobering, even depressing one. If you’re concerned about your health, your education or your country, you won’t enjoy what you . . . → Read More: American University Research