Friday, May 28, 2010

On economists

Therefore, the total impact includes a journal's impact on many disciplines
other than economics. For many purposes this may be an entirely reasonable
measure of influence, but economists, being a rather narrow-minded and
self-centered group, are probably more concerned with a journal's impact on the
economics profession

Liebowitz and Palmer (1984)
Journal of Economic Literature 22, p.81-82.
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Tuesday, May 25, 2010

Interview with the BBC on the costs of default

here (my part starts at minute 8)


Friday, May 14, 2010

Ravi Kanbur is very wise

issue makes me uncomfortable within myself, takes me off my high moral perch when I talk (or lecture) to others about poverty, and it is an issue for which I do not have an answer. It is quite simply this—those of us, including me, who analyze poverty and discourse about poverty, seem to do rather well out of it. Working on poverty issues, whether in international agencies, in bilateral donor

The rest is here

The development set poem by Ross Coggins

‘Excuse me, friends, I must catch my jet
I’m off to join the Development Set;
My bags are packed, and I’ve had all my shots
I have traveller’s checks and pills for the trots!

The Development Set is bright and noble
Our thoughts are deep and our vision global;
Although we move with the better classes
Our thoughts are always with the masses.

In Sheraton Hotels in scattered nations
We damn multi-national corporations;
injustice seems easy to protest
In such seething hotbeds of social rest.

We discuss malnutrition over steaks
And plan hunger talks during coffee breaks.
Whether Asian floods or African drought,
We face each issue with open mouth.

We bring in consultants whose circumlocution
Raises difficulties for every solution –
Thus guaranteeing continued good eating
By showing the need for another meeting.

The language of the Development Set
Stretches the English alphabet;
We use swell words like “epigenetic”
“Micro”, “macro”, and “logarithmetic”

It pleasures us to be esoteric –
It’s so intellectually atmospheric!
And although establishments may be unmoved,
Our vocabularies are much improved.

When the talk gets deep and you’re feeling numb,
You can keep your shame to a minimum:
To show that you, too, are intelligent
Smugly ask, “Is it really development?”

Or say, “That’s fine in practice, but don’t you see:
It doesn’t work out in theory!”
A few may find this incomprehensible,
But most will admire you as deep and sensible.

Development set homes are extremely chic,
Full of carvings, curios, and draped with batik.
Eye-level photographs subtly assure
That your host is at home with the great and the poor.

Enough of these verses – on with the mission!
Our task is as broad as the human condition!
Just pray god the biblical promise is true:
The poor ye shall always have with you.’

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Friday, May 7, 2010

Grecia edi costi del default

Il debito pubblico si differenzia da quello privato, per la mancanza di una procedura ben definita per punire uno stato che non ripaga i debiti. Le ripercussioni si pagano in termini di reputazione, commercio estero e accesso ai mercati internazionali. Ma sono effetti che durano pochi anni. Per la teoria economica la ristrutturazione del debito sembrerebbe meno costosa di quanto si pensi. Forse perché è stata sempre accompagnata a un deprezzamento del tasso di cambio. Cosa impossibile per la Grecia.
il resto e' qui
grazie a Giulia

Thursday, May 6, 2010

What will happen if Greece defaults? Insights from theory and reality

My piece (with Eduardo Borensztein) on the costs of default: here