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08 dic 2014 16:38

The G20 and the (Non)Pursuit of Financial Stability

One of the legacies of the response to global financial crisis was supposed to be a renewed focus on international financial stability. A manifestation of this effort was the transformation of the Financial Stability Forum by the Group of Twenty (G20) into the Financial Stability Board (FSB) to oversee the development of global financial and regulatory standards. A “board,” [...]

economia | ecomonitor.com

07 dic 2014 16:31

A TWELVE STEP PROGRAM TO RESTORE PROSPERITY: THE BERNIE SANDERS PLAN

Here’s a summary of the plan Bernie Sanders has set out (http://readersupportednews.org/opinion2/277-75/27297-an-economic-agenda-for-america-12-steps-forward), along with my comments (in italics). 1. We need a major investment to rebuild our crumbling infrastructure. $1 trillion investment to create 13 million decent paying jobs and make this country more efficient and productive. Agreed, but let’s not settle for a mere [...]

economia | ecomonitor.com

06 dic 2014 19:07

Breaking into the Mainstream: Can Heterodoxy Do It?

Here’s a short but thoughtful piece on heterodox economics by a researcher at the Federal Reserve Bank of Richmond. By Aaron Steelman In 2003, administrators at the University of Notre Dame decided to split the Department of Economics into two: the Department of Economics and Policy Studies (DEPS) and the Department of Economics and Econometrics [...]

economia | ecomonitor.com

06 dic 2014 14:54

As Jobs Surge, Term Structure of Unemployment Remains Distorted

The US economy added 321,000 payroll jobs in November, the best in almost three years. Strong upward revisions to September and October numbers boosted the 12-month gain to 2,756,000, a new high for the recovery. The official unemployment rate was unchanged at 5.8 percent. The broad unemployment rate, U-6, which takes into account discouraged workers [...]

economia | ecomonitor.com

05 dic 2014 18:23

Moldova Elects a Pro-EU Parliament; Taiwan Rejects Its Pro-China Party

Two disquieting elections in the news. Two challenging election results. In Moldova, pro-European parties outpolled pro-Russian parties. In Taiwan’s capital, Taipei, the pro-independence candidate beat the pro-China candidate. The Republic of Moldova, formerly the Moldovian Soviet Socialist Republic, declared its independence at the collapse of the USSR. It comprises much of the former Russian and [...]

economia | ecomonitor.com

05 dic 2014 18:17

It’s the American Economy Stupid!

The obituary of the American century has been written, but there are very good reasons to believe that the USA will continue to play a dominant role in the 21st century. This is the first of 2 pieces that examines the resilience of American economic power. There are fundamental economic, financial, political, military and social [...]

economia | ecomonitor.com

04 dic 2014 01:26

UK Budget: An Electoral “Statement”

Bottom line: The UK’s Autumn Statement came out mostly in line with our expectations, with one positive surprise that is clearly appealing for large portions of the electorate: a reform of the stamp duty on home purchases. As the richer will pay more, and more funds will be devoted to NHS, this reform clearly resembles [...]

economia | ecomonitor.com

02 dic 2014 22:28

The Answer to the Unemployment Problem Is More Jobs

Dean Baker, everyone’s favorite progressive economist (mine, too), has an interesting take on our unemployment problem. Give more paid vacations. (See here: http://truth-out.org/opinion/item/27723-the-paid-vacation-route-to-full-employment.) The idea is that if all the employed work less, employers will need to hire the unemployed to produce what the already employed won’t be producing while sunning themselves on Florida’s beaches. [...]

economia | ecomonitor.com

01 dic 2014 17:14

A take by economists on racism in the US

The trial of Ali İsmail Korkmaz, the university student who fell into a coma after getting beaten by plainclothes police officers during the Gezi protests and died 38 days later, continued last week. Across the Atlantic, a Missouri grand jury decided not to indict a white police officer over the fatal shooting of an unarmed [...]

economia | ecomonitor.com

30 nov 2014 01:31

As Bricks and Clicks Merge, Geeks Are Discovering Politics

As with the first industrial revolution, the merger of Clicks and Bricks forces us to ask: Which laws need to be updated, which are just irrelevant, and which are barriers to entry created by special interests? Best placed to help our internet billionaires contribute to this important project are — politicians, civil servants, lobbyists and [...]

economia | ecomonitor.com