Showing posts with label Macro Demystified.   Show all posts

What Is Supply and Demand?

What do blueberries have to do with economics? Find out in less than 2 minutes.

What do blueberries have to do with economics? Find out in less than 2 minutes.

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Posted by at 1:26 PM

Labels: Macro Demystified

What Is GDP?

What is GDP and why should you even care? Find out in 2 minutes!

What is GDP and why should you even care? Find out in 2 minutes!

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Posted by at 1:25 PM

Labels: Macro Demystified

What is Inflation? Back to Basics

What is inflation? Let Wala’a explain in less than 2 minutes!

What is inflation? Let Wala’a explain in less than 2 minutes!

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Posted by at 12:49 PM

Labels: Macro Demystified

Regulatory Cycles: Revisiting the Political Economy of Financial Crises

From a new IMF working paper by Jihad Dagher:

“This paper reviews some of the most infamous financial crisis in history and brings several patterns that are rarely discussed in the literature, at least not in a historical and cross- sectional approach. It shows that in most cases regulation has been pro-cyclical, effectively weakening during the boom and strengthening during the bust. Regulators do not operate in a vacuum, and this paper shows how, in most cases, political interventions have helped fuel the boom in similar ways across time and countries. The political repercussions of crises, partly due to changes in the public’s perception about the role of the government, are usually very significant. They help explain the reversal of policies and the regulatory backlash.

The interplay between politics and financial policy, described in this paper, has not received sufficient attention. The focus of the literature, which has been mostly cast in technical terms, is to find the optimal level of regulation that regulators should be enforc- ing. Will new regulations and their enforcement survive the test of time? History offers a relatively pessimistic answer to this question. It offers plenty of examples where regulatory failures can be attributed to political failures. Strengthened regulations and supervision are, in essence, tools given to regulators to use as long as the political climate allows them to. To what extent can regulators be insulated from changes in politicians’ (and voters’) philosophy toward regulation? What changes need to be made at the institutional level? This is an important question left for future research. Acknowledging the fact that politics can be the undoing of macro-prudential policy would be a step in the right direction.”

From a new IMF working paper by Jihad Dagher:

“This paper reviews some of the most infamous financial crisis in history and brings several patterns that are rarely discussed in the literature, at least not in a historical and cross- sectional approach. It shows that in most cases regulation has been pro-cyclical, effectively weakening during the boom and strengthening during the bust. Regulators do not operate in a vacuum, and this paper shows how,

Read the full article…

Posted by at 2:35 PM

Labels: Macro Demystified

10 top thinkers on Development, summarized in 700 words by Stefan Dercon

From a blog by Duncan Green: “Stefan gave us a tour of the ‘Big Ideals, Big Egos and Big Thinkers in development’. Here they are, points for recognizing them.” Continue reading the wonderful summary here.

From a blog by Duncan Green: “Stefan gave us a tour of the ‘Big Ideals, Big Egos and Big Thinkers in development’. Here they are, points for recognizing them.” Continue reading the wonderful summary here.

Read the full article…

Posted by at 10:24 AM

Labels: Inclusive Growth, Macro Demystified

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