Archives for: January 2011
01/31/11
04:57:18 pm, by editor of MarketObservation.com 
, 37 words 
Categories: Economics United States, Economics Global
NYT: Was the Financial Crisis Avoidable? by Jeffrey A. Miron, senior lecturer and director of undergraduate studies in economics at Harvard University and senior fellow at the Cato Institute, Jan. 30, 2011
Keywords: Financial Crisis, Causes of Financi… more »
07:12:49 am, by editor of MarketObservation.com , 160 words
Categories: Economics United States, Economics Europe
NYT: Innovation Is Doing Little for Incomes, by Tyler Cowen, Jan. 29, 2011
MY grandmother, who was born in 1905, spoke often about the immense changes she had seen, including the widespread adoption of electricity, the automobile, flush toilets, antib… more »
06:17:44 am, by editor of MarketObservation.com , 5 words
Categories: Economics Global, Economics Asia
He Qinglian's background on Wikipedia more »
06:01:39 am, by editor of MarketObservation.com , 150 words
Categories: Economics Global, Economics Asia
Telegraph: 'China syndrome' means country faces dangerous property bubble, Jan. 29, 2011
One of China's leading economists has said that the country is facing the possibility of a dangerous real-estate bubble and rising inflation which could put growt… more »
01/30/11
09:09:15 pm, by editor of MarketObservation.com , 140 words
Categories: Economics United States, Economics Global, Economics Asia
Project Syndicate: The End of China’s Surplus, by Martin Feldstein, Jan. 28, 2011
Prof. Martin Feldstein about the other side of the coin regarding China's plans to potentially appreciate the renminbi:
"China’s trade surplus and the renminbi’s exch… more »
Paul Volcker, who was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987, recently stepped down from the post of Chairman of the Economic Recovery Advisory Board (he presided… more »
01/29/11
Keywords: George Soros, Efficient Market Hypothesis, Market Failures more »
01:24:56 pm, by editor of MarketObservation.com , 37 words
Categories: Economics United States, Economics Europe
Source: Bart van Ark (click on graph for larger image)Bart van Ark: Productivity, Sources of Growth and Potential Output in the EuroArea and the United StatesKeywords: US Economy, European Economy, Labor Productivity Growth Potential more »
01/28/11
07:46:52 am, by editor of MarketObservation.com, 75 words
Categories: Economics United States, Economics Global, Economics Asia
Spiegel Online International: Exchange Rates and Reserve Currencies; China Plans Path to Economic Hegemony, Jan. 26, 2011China would like to make the yuan one of the world's anchor currencies, forcing other countries to maintain reserves of Chinese m… more »
07:08:28 am, by editor of MarketObservation.com, 99 words
Categories: Economics Europe, Economics Global, Economics Asia
Vox: Before the Great Divergence: The modernity of China at the onset of the industrial revolution, Jan Luiten van Zanden, Jan. 26, 2011China has been one of the world’s most dynamic economies in recent decades, but how did it fall so far behind? Thi… more »
01/27/11
a href="http://www.irishtimes.com/newspaper/finance/2011/0127/1224288397995.html">Irish Times: Burden of bank debt 'must be shared', Jan. 27, 2011ECONOMISTS NOURIEL Roubini and Ken Rogoff, two of the most prominent academic commentators on the financ… more »
06:47:54 am, by editor of MarketObservation.com , 8 words
Categories: Economics Global, Economics Asia
Jan. 22, 2011
Keywords: Felix Zulauf, Global Economy, Emerging Markets more »
06:40:56 am, by editor of MarketObservation.com , 13 words
Categories: Economics United States, Economics Global
Bloomberg: Roubini Lyons Interview, Jan. 26, 2011Keywords: Roubini, Global Economy, Global Growth, Emerging Countries more »
Source: Tim Iacono (click on graph for larger image)Keywords: US Interest Rates, Fed Policy more »
01/26/11
The democratically delicate decision by the outgoing Irish government to give a blanket guarantee to pay back international holders of all Irish banks should they fail could backfire in Ireland's upcoming general elections:
WSJ: Ireland's Voters Ready… more »
07:42:39 am, by editor of MarketObservation.com , 8 words
Categories: Economics United States, Economics Global, Economics Asia
Jan. 2011; filmed Oct. 2010Keywords: Chinese Economy, Global Growth more »
07:28:39 am, by editor of MarketObservation.com , 10 words
Categories: Economics United States, Economics Global
Airtime: Tues. Jan. 25 2011 | 11 20 00 ET
Keywords: US Economy, Economic Stimulation, Inflation more »
Lately, long-duration bonds issued by EU countries, collateralized by zero-coupon bonds of the same duration issued by the ECB is discussed in Europe. The ECB would sell the zero-coupon bonds in exchange for outstanding sovereign debt of the countries at… more »
01/25/11
Although the world economy is recovering, there are still challenges to overcome, including high unemployment in advanced economies and risks of overheating in booming emerging markets, according to Chief Economist Olivier Blanchard.… more »
Current inflation numbers can not only be attributed to higher commodity prices. Food plays an important role in certain countries:
The Economist: Cost of Living: What is behind rising inflation? Jan. 21, 2011
..."in December Britain’s consumer-pri… more »
01/24/11
gotothinktank.com: The Leading Public Policy Research Organizations In The World, 2010
Keywords: Think Tanks, Public Policy Research more »
Entrepreneurs do not neither need a new "supercycle" nor politicians and managers talking about such things! What we need are reliable and sustainable policies and countries bringing their public finances in order!Bloomberg: Super-Cycle Leaves No Eco… more »
Some "food for thought" from a libertarian thinker:
Keywords: Private Coinage, Monetary System more »
06:46:14 am, by editor of MarketObservation.com , 76 words
Categories: Economics United States, Economics Global
We know that many of our readers are not in favor of heavy government spending. Nevertheless, we post here Paul Krugman's latest remarks on BigThink. The New York Times columnist and Nobel laureate in economics is a leading advocate in support of governm… more »
EuroIntelligence: Germany wants the non-triple A countries to share the bailout costs, Jan. 21, 2011
A very interesting news story from FT Deutschland, according to which there had been discussions "in finance ministry circles" whether non-triple A na… more »
ESRI, an Irish economy research institute published its latest forecast for 2011:
ESRI: Quarterly Economic Commentary, Winter 2010
Most critical are the unemployment and outward migration numbers:
"The rate of unemployment is expected to average… more »
01/22/11
Airtime: Fri. Jan. 21 2011 | 11 17 00 ET
Keywords: European Crisis, European Leaders more »
01/21/11
This is interesting stuff! The "business plan" for Ireland, prepared by the Department of Finance:
Irish Department of Finance: The National Recovery Plan 2011-2014
Keywords: Irish Crisis, Ireland's Recovery Plan
Related:
More infos about fin… more »
07:37:13 am, by editor of MarketObservation.com , 6 words
Categories: Economics United States, Economics Asia
Keywords: China US Relationship, Economic Powers more »
01/20/11
Mark Blyth (professor of Brown University) about Europe's and in particular Germany's options:
Out of the Crooked Timber: The End Game for the Euro: German Rules and Bondholder Revolts, Jan. 18, 2011
The end game for the Germans, and the rest of E… more »
Following article shows that tighter fiscal rules result in substantially lower sovereign risk. Not at all surprising! However, the results should give a framework for a future governing mechanism within the EU:VOX: Sovereign risk: The impact of nati… more »
01/18/11
Sustainable Credit Report 2011 more »
The Crisis in Local Government Pensions in the United States, Robert Novy-Marx, University of Rochester and NBER, Joshua Rauh, Kellog School of Management and NBER, October 2010Abstract:We calculate the present value of local government employee… more »
07:10:20 am, by editor of MarketObservation.com , 57 words
Categories: Economics United States, Economics Asia
WSJ: Q&A With Hu Jintao, Jan. 18, 2011
The Wall Street Journal submitted a series of questions for Chinese President Hu Jintao ahead of his visit to the U.S. from Jan. 18 to 21. The Washington Post also submitted questions. China's Foreign Ministr… more »
01/17/11
Mun Hon Tham, regional strategist at Daiwa Capital, expects two more rounds of hikes in interest rates and banks’ RRR this year:
Airtime: Mon. Jan. 17… more »
01/16/11
04:37:56 pm, by editor of MarketObservation.com , 9 words
Categories: Economics United States, Economics Asia
Keywords: US China Relationship, US China Trade, US Economy more »
Irish Times: 'Ireland's meltdown is the outcome of the policies of its elected politicians', Jan. 15, 2011
A senior European Central Bank official speaks to ARTHUR BEESLEY in Frankfurt about the factors that brought about the collapse in the Irish eco… more »
Telegraph: Hedge funds bet China is a bubble close to bursting; The world is looking to China as a springboard out of recession - but some hedge funds are betting the country's credit and growth levels cannot be sustained, Jan. 16, 2011
Keywords: Ch… more »
01/14/11
Jan. 14 2011 | 7:00 AM ET
Keywords: Global Economy, Fed Policy more »
EuroIntelligence: Germany's choice, by Barry Eichengreen, Jan. 14, 2011Keywords: European Crisis, Sustainable European Solution more »
John McHale (Queen's School of Business, Ontario, Canada)thinks that the current European Rescue Mechnism has systemic weaknesses:Irishtimes.com: Downside of bailout is a State less creditworthy, Jan. 4, 2011Keywords: European Crisis, European Re… more »
The Economist: Time for Plan B;
The euro area’s bail-out strategy is not working. It is time for insolvent countries to restructure their debts, Jan. 13, 2011
Keywords: Eurozone Crisis, European Sovereign Debt more »
01/13/11
06:55:57 am, by editor of MarketObservation.com , 20 words
Categories: Economics United States, Economics Global
The Independent Review: What Happened to “Efficient Markets”? by Peter J. Boettke, Winter 2010
Keywords: Financial Crisis, Economic Thoughts, Market Process more »
01/12/11
Vox: 10 reasons why bailouts should stop before reaching Spain, Guillermo de la Dehesa, Jan. 11, 2011 more »
03:06:17 pm, by editor of MarketObservation.com , 6 words
Categories: Economics United States, Economics Global
Keywords: Hayek, Milton Friedman, Monetary Policy more »
Airtime: Wed. Jan. 12 2011 | 11 01 00 ET
Keywords: Monetary Policy, Fed, Fed Balance Sheet more »
Vox: 10 reasons why bailouts should stop before reaching Spain, Guillermo de la Dehesa, Jan. 11, 2011
The past year has plunged the Eurozone into crisis with many fearing for what 2011 has in store. In this column the CEPR Chairman argues that to prev… more »
01/11/11
Source: EconomicData (click for larger image)
Keywords: China, Chinese Currency Reserves more »
01/10/11
10:50:58 pm, by editor of MarketObservation.com , 80 words
Categories: Economics United States, Economics Global
Vox: The Dollar: Dominant no more?
Barry Eichengreen (Berkeley), Jan. 10, 2011
The dollar’s key role in international markets is once again in the spotlight. This column introduces a new book by Barry Eichengreen: Exorbitant Privilege: The Rise and F… more »
Airtime: Mon. Jan. 10 2011 | 11 18 00 ET Keywords: European Economy, European Debt Problems more »
Barry Eichengreen, in the Financical Times Deutschland, warns of the dramatic consequences for the US economy and the dollar if the US budget deficit is not massively reduced in the coming years (the article is in German language):
Financial Times Deu… more »
Source: Angry Bear (click on graphs for larger images)Graph 1 shows how the unemployment rate in European countries looked in 2007 before the Eurozone entered recession and chart 2 shows how the unemployment rates in European countries look now. Diff… more »
01/09/11
Nouriel Roubini speaks out what German taxpayers hardly want to hear: he believes that the Euro area needs substantial amounts of money from Germany. Money which finally has to come from the German taxpayers:
Spiegel: Star-Ökonom sieht Euro-Schicksal… more »
...where does the money come from for the European buy outs?....June 26, 2010 more »
01/08/11
Dec. 23, 2010Keywords: Martin Wolf, Financial Times, Global Economy Outlook, Eurozone, Monetary Policy more »
WSJ: Euro Zone Inflation Expectations Flashing Yellow, Jan. 6, 2011
A bigger-than-expected increase in euro-zone business and consumer sentiment last month bodes well for the euro-zone economy, but mounting evidence that inflation expectations are als… more »
01/07/11
09:26:02 pm, by editor of MarketObservation.com , 7 words
Categories: Economics United States, Economics Global
Nov. 2010Keywords: Gary Becker, Austerity, Stimulus, Taxes more »
Karl Whelan (The Irish Economy Blog) on the EU commissions new bank resolution framework: The Irish Economy Blog: EU Commission Document on Bank Resolution Framework, by Karl Whelan, Jan. 7, 2011The European Commission has released a “working do… more »
It seems that the ECB is in danger of losing focus on inflation control..
wireupdate: Euro area inflation rises to 2.2 percent, Jan. 5, 2011
The Euro area's annual inflation is expected to have been approximately 2.2 percent in December, according… more »
Vox: The European debt crisis: Worrisome delusions, by Charles Wyplosz, Dec. 19, 2010Lorenzo Bini-Smaghi – Member of the ECB's Executive Board – has produced a brilliant defence of the no-default strategy currently pursued by the Eurozone authorities… more »
01/06/11
Frankfurter Allgemeine Zeitung (FAZ) has a good overview of government and bank bonds which become due during the course of 2011.
Frankfurter Allgemeine Zeitung: Im Schuldenrausch:
Staaten und Banken überfluten den europäischen Anleihemarkt, Jan. 5,… more »
Süddeutsche Zeitung: "Öffnung zum gegenseitigen Nutzen"
, ein Gastbeitrag von Vize-Premierminister Li Keqiang, Jan. 5, 2011 more »
07:45:23 am, by editor of MarketObservation.com, 24 words
Categories: Economics Europe, Economics Asia
Source: China Daily"A picture is worth a thousand words"China Daily: China signs $7.5b deals with Spain, Jan. 6, 2011 more »
07:27:51 am, by editor of MarketObservation.com , 133 words
Categories: Economics United States, Economics Global
Cleveland Fed: Group Effects and Economic Outcomes, by Bruce Weinberg, Jan. 5, 2011
Peers and social groups have been implicated in individuals’ decisions to drop out of school, quit work, go on welfare, commit crime, have children out of marriage, us… more »
Bloomberg.com: Fed May Keep Easing at `Full Throttle' Until Decline in Unemployment Rate, Jan. 5, 2011
Federal Reserve officials signaled they’ll probably push ahead with unprecedented stimulus until the recovery strengthens and many of the 15 million… more »
Anoop Singh, Head of the IMF’s Asia and Pacific Department, about the prospects for Asia, looking at an IMF online survey:
IMF: ASIA IN 2011: Inflation, Capital Inflows: Asia and the Challenges of Success in 2011
IMF Survey online, Jan. 4, 2011
K… more »
01/05/11
Vox: Happy 2011? by Charles Wyplosz, Dec. 5, 2010Is the worst of Europe’s crisis behind us? Or yet to come? This column looks at 2011 and argues that the Eurozone crisis offers a unique chance to correct the “dreadful mismanagement” of the past year.… more »
Airtime: Wed. Jan. 5 2011 | 11 01 00 ET
Keywords: US Economy, Fed, Monetary Policy more »
01/04/11
The wide-ranging discussion touched on tax cuts, monetary policy, TARP, Ronald Reagan, his tenure as a Michigan Congressman, and the gold standard. Keywords: David Stockman, Tax Cuts, Monetary Policy, TARP more »
Project Syndicate: Armageddon Can Wait, by Kenneth Rogoff (Harvard), Jan. 3, 2011Where are global currencies headed in 2011? After three years of huge, crisis-driven exchange-rate swings, it is useful to take stock both of currency values and of the… more »
>Keywords: Economic Outlook for the US, ISM Manufacturing Index, Goldman Sachs more »
A new working paper by the IMF shows the external investment positions among European Union Countries at the start of the financial crisis. The researchers based their analysis on a newly created database which gives some great detailled insights into th… more »
01/03/11
Keywords: Debt in the US, Debt Categories, Informationisbeautiful more »
Fascinating paper about early policy interventions of the Bank of Amsterdam:How Amsterdam Got Fiat Money, by Stephen Quinn and William Roberds, Atlanta Fed, Working Paper 2010-17December 2010and an analysis of some of the consequences:Blowi… more »
Airtime: Fri. Dec. 31 2010 | 10 11 00 ET
Keywords: QE, Quantitative Easing, Credit to Businesses more »
01/02/11
Source: The Economist (click on graph for larger image)The Economist published a great collection of the most popular charts of 2010. The development of world GDP since Jesus (see graph above) is one of them. more »
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Recommended search items and names(click on terms):
BIS Quarterly Review, Case Shiller Index, IFO Outlook, Institute for Supply Management, Michigan Consumer Sentiment Index, Philadelphia Fed Regional Index,ECONOMIC INDICATORS AND OUTLOOKS (click on names):
George A. Akerlof, Bernanke, Olivier Blanchard, Alan S. Blinder, Buffett, Tyler Cowen, Niall Ferguson, Bruno S. Frey, Milton Friedman, Herb Greenberg, Greenspan, Michael Jensen, L.S. Karp, Charles Kindleberger, Krugman, Gregory Mankiw, Robert C. Merton, Nouriel Roubini, Kenneth Rogoff, Carmen Reinhart, David Rubenstein, Schumpeter, Anna Schwartz, Amartya Sen, Robert J. Shiller, Jeremy Siegel, Hans-Werner Sinn, George Soros, Joseph Stiglitz, Paul Volcker, Martin Wolf, Janet Yellen, Luigi Zingales, _________________________________________________________________________________RECOMMENDED SEARCH NAMES(click on names):
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LEADING ECONOMISTS DEBATE THE CRISIS:
BLOGROLL
ECONOMICS AND BUSINESS:ECONOMICS, LAW AND POLITICS:
- Argmax
- Atlanta Fed Macro Blog
- austrianeconomists
- The Becker Posner Blog
- Grasping Reality with both hands
- The Big Picture
- Brookings Institution - Economics
- Calculated Risk Blogspot
- Chicago Boyz
- Chicago GSB Faculty Blog
- City Economist
- Coyote Blog: Dispatches from a small Business
- Conscious of a Liberal
- The Curious Capitalist (Time CNN)
- Econbrowser
- Econlog
- Economist's view
- Economics Roundtable
- Euro Area Blog
- Fama/French Forum
- Freakonomics
- Eurointelligence
- Jeffrey Frankels Weblog
- Group of Thirty
- Institute for Int'l Economics
- Institutional Economics
- Japanese Institute of Global Communication (GLOCOM)
- Knowledge Wharton
- MarginalRevolution
- Asymmetrical Information
- MISH'S Global Economic Trend Analysis
- Morgan Stanley Global Economic Forum:
- Naked Capitalism
- New Economist
- Newmark's Door
- Princeton University Press Blog
- RGE Monitor
- PSDBlog(Worldbank)
- The Knowledge Problem:
- The Mess That Greenspan Made
- Oekonomenstimme.org
- Ordnungspolitik.ch
- VOX
- World Economic Forum Weblog
_________________________________________________________________________________ECONOMIES:
STATISTICS SOURCES:
- Econometric Laboratory UC Berkeley
- Dataranking.com: Economic and social Data Ranking
- International Economic Growth Data Set (many useful statistics links, University of Bristol)
- Nationmaster (comprehensive country stat. data)
- US Dept. of Labor: Bureau of Labor Statistics
- US Govt Business Statistics
- US Regional Economic Data
- EuroStat: comprehensive European Statistical Data
- Metrics 2.0: Business & Market Intelligence
- RBA: huge Number of Links to Statistical Sources
- Various Links to Statistical Pages
- Ireland Business Facts (incl. economic Global Data)
ECONOMIC OUTLOOK:
- Census Bureau (US)
- International Economic Indicators
- Moody's
- Standard & Poor's
- Statistisches Bundesamt (Germany)
- UK Government Treasury
- White House
- World Economic Outlook (IMF)
THINK TANKS:
- Think Tanks (Alphabetical Order)
- Avenir Suisse
- Deutsche Gesellschaft für auswärtige Politik
- European Institute of Interdisciplinary Research
- Council on Foreign Relations
- Globalisation Institute
- Hoover Institution
- Swiss Institute for International Studies
- Freilich: Liberal Swiss Weblog
- Think Tanks and Public Interest Org. (US)
GLOBALIZATION:
- Carnegie Endowment: Globalization (Learning Tool)
- Dani Rodik (Harvard Prof. on Globalization)
- How to save globalization from its cheer leaders, Dani Rodrik (Harvard)
- Emory: The Globalization Website
- Global Envision
- The Globalist
- Harvard: Global Trade Negotiations Homepage
- International Forum on Globalization
- Internationale Politik (DGAP)
- OECD Economics Department
- UCLA: The Globalization Research Center Africa
- Worldbank: Globalization
- WTO
- YaleGlobal Online
LINKS TO SELECTED WORKING PAPER SITES:
- Berkeley: BRIE Working Papers
- Berkeley Finance: Working Papers
- Cambridge CBR: Publications
- Chicago GSB: Working Papers
- Columbia Business: e-Library
- Cornell Business: Research (SSRN)
- Dartmouth: Working Papers
- Duke: Faculty & Research
- ECGI
- ESADE: Faculty & Research
- Harvard: Faculty Publications
- IESE Business: Research
- INSEAD: Libraries
- Institute of European Studies (Berkeley)
- Kellogg: Faculty Publications
- Kiel Institute for the World Economy - Publications
- IMD: Working Papers
- London Business: Faculty Research
- Manchester Business: Research
- Michigan Business: Working Papers
- MIT Sloan: Papers
- NYU Business: Library
- Stanford GSB: Research Papers
- St. Gall: Publications
- Wharton (UPenn): Research Papers
- Reserve Bank of Australia: Publications & Research
- German Fed: Discussion Papers
- Bank of England: Working Papers
- European Central Bank: Working Papers
- US Federal Reserve Board: Economic Research and Data
- Banque France: Publications and Research
- Swiss National Bank: Working Papers
- Atlanta Fed
- Boston Fed
- Chicago Fed
- Cleveland Fed
- Dallas Fed
- Minneapolis Fed
- New York Fed
- Philadelphia Fed
- San Francisco Fed
- St. Louis Fed
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