Carlos Vegh and Guillermo Vuletin have an article Overcoming the fear of free falling: Monetary policy graduation in emerging markets, in `The role of Central Banks in financial stability: How has it changed?’, Federal Reserve Bank of Chicago, 2012. They have drawn on this to write a column on voxEU titled Graduation from monetary . . . → Read More: Has monetary policy in India helped or hurt?
In which John Case critiques the Austrian School of economics:
Its principles are as follows:
1. The business cycle is a completely virtuous cycle. Slumps are the price we pay for booms. Recessions are the just punishment for the excesses of previous expansions. The fact that the rich reap the rewards regardless, and the . . . → Read More: How to Argue Poorly
Back in July 2009, Intel asserted that the young recovery of 2009 would be anything but lackluster.
On Tuesday, the leaders of the chip giant re-asserted their claims for 2010 and beyond.
Paul Otellini, Intel’s CEO, told analysts that its earnings per share and revenue should grow at an average annual rate in the . . . → Read More: On Top Of A Growth Engine
This one should really go on Beta.Sources, but I thought that it deserved attention over and above the fold too. It is a couple of years old, but still well worth a look; hat tip (an old BW blog post).
We investigate the consequences of demographic change for business cycle analysis. We find that . . . → Read More: Demographics and Business Cycle Volatility