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Tag Archives: Academic research & research papers

Reports from China: Joan Robinson as Observer and Travel Writer, 1953-78

Mauro Boianovsky of Universidade de Brasilia and Gerardo Serra of London School of Economics in this paper discuss Joan Robinson’s infatuation with China: Joan Robinson’s infatuation with Mao’s China remains the most controversial episode of the Cambridge economist’s life. Drawing on the literatures on observation in science and economics, and economists’ travels, we aim at overcoming the dichotomy between Robinson as a ‘political pilgrim’ and as a ‘development economist’. Instead, we...

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MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model

Anthony Brassil, Mike Major and Peter Rickards in this Reserve Bank of Australia paper add banking to Martin  – macroeconomic model of the central bank: We add a simplified banking sector to the RBA’s macroeconometric model (MARTIN). How this banking sector interacts with the rest of the economy chiefly depends on the extent of loan losses. During small downturns, losses are absorbed by banks’ profits and the resulting effect on the broader economy is limited to that caused by the lower...

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Bank of England to release a pop-economics book to increase public understanding about the economy and the Bank’s role

Bank of England will be releasing a pop-economics book in May-2022: ‘Can’t we just print more money?’ is a new pop-economics book, written by the Bank of England, which will be published this May in partnership with Cornerstone Press. The book addresses ten economic questions, from, ‘Why are all my clothes made in Asia?’ to ‘What actually is money?’ Along the way, it offers idiosyncratic examples of economics in action: from the City of London to Springfield Power Plant; from Babylonian...

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The Impact of COVID-19 Pandemic on Consumer Confidence in India

Aditya Mishra, Roshin Paul P and Tushar B. Das of RBI in the Jan-22 Bulletin article analyse the impact of pandemic on consumer confidence index. The authors work at Division of Household Surveys, Department of Statistics and Information Management, which looks quite interesting. Most countries witnessed a gradual uptick in consumer confidence after the major slump encountered when the Covid-19 pandemic first hit their shores, though it is yet to return to pre-pandemic levels in most...

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How will taper impact Indian economy this time?

Barry Eichengreen, Poonam Gupta and Rishabh Choudhary in this IPPR paper assess whether and how taper will impact Indian economy: On November 3, 2021, the Federal Open Market Committee announced that it would reduce the scale of its asset purchases by $15 billion a month starting immediately. Do emerging markets, such as India, need to prepare for a replay of the taper tantrum of 2013? We show that emerging markets, including India, have strengthened their external economic and...

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Platform-based business models and financial inclusion

Karen Croxson, Jon Frost, Leonardo Gambacorta and Tommaso Valletti in this BIS paper discuss different types of finance platforms and their impact on financial inclusion: Three types of digital platforms are expanding in financial services: (i) fintech entrants; (ii) big tech firms; and (iii) increasingly, incumbent financial institutions with platformbased business models. These platforms can dramatically lower costs and thereby aid financial inclusion – but these same features can give...

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Indian Agriculture @ 75: Past achievements and future challenges

Ashok Gulati, Ritika Juneja and  Ranjana Roy of ICRIER in this IPPR paper analyse Indian agriculture over 75 years and way forward: India has experienced significant transformation in its economy since independence, especially agriculture. From a severely food-deficit nation during mid-1960s to a self-sufficient one, and becoming the largest exporter of rice and the largest producer of milk in 2020-21 is not a small achievement. Similar break-throughs have been achieved in poultry,...

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Heterogeneous Impacts of Sentencing Decisions

Andrew Jordan , Ezra Karger , Derek Neal in this Chicago Fed paper discuss the impact of sentencing on crime: We examine 70,581 felony court cases filed in Chicago, IL during the period 1990-2007. We exploit case randomization to assess the impact of judge assignment and sentencing decisions on the arrival rates of new charges. Relative to prior research, we document an important source of heterogeneity in the impact of incarceration on recidivism. Incarceration creates lasting...

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Pulse as a biometric measure of wellbeing

Alex Bryson and David Blanchflower have written a paper on using pulse as a measure of well-being. A growing literature identifies associations between subjective and biometric indicators of wellbeing. These associations, together with the ability of subjective wellbeing (SWB) metrics to predict health and behavioral outcomes, have spawned increasing interest in SWB as an important concept in its own right. However, some social scientists continue to question the usefulness of SWB...

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Kazakhstan unrest highlights continued importance of offline payments

Lewis McLellan in this OMFIF piece points how Internet outages in Kazakhstan rendered digital payments useless: Civil unrest in Kazakhstan has led to widespread internet blackouts throughout the country, with the country’s largest city Almaty going five days with no internet. Many Kazakh citizens rely on traditional digital payment methods like debit cards to buy food, but without internet connections, these were rendered useless. Local media have reported long queues for ATMs and...

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