Urbanomics
Thursday, November 12, 2009
Anchoring interest rate expectations
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In uncertain times like the present, where interest rates are ruling at historic lows, government deficits are mounting, and inflationary pr...
Impact of ARRA on US unemployment
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The Obama administration's official announcement that the spending measures of the $787 bn fiscal stimulus (or ARRA) has so far created...
Wednesday, November 11, 2009
Is Modigliani-Miller theorem the next casualty?
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The dramatic events in the aftermath of the bursting of the sub-prime mortgage bubble has destroyed many reputations and repudiated much of ...
Tuesday, November 10, 2009
Gold prices and Central Bank reserves
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Early this month, in a moved aimed at diversifying its forex holdings , the RBI sprang a surprise by purchasing 220 tons of gold from the IM...
Sunday, November 8, 2009
Comparative advantage and increasing returns in global trade
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Paul Krugman has a working draft that argues and models how increasing returns, in the form of localized external economies, plays a major ...
Nominal spending crash and the Great Recession
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David Beckworth has two graphs that depicts the nominal spending changes in the US economy and among OECD economies for the half century si...
Cost of Bush tax cuts - $2.34 trillion!
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When the Bush era tax cuts expire next year, they would have cost the US Government $2.34 trillion , 61.4% of which would have gone to the t...
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