Friday, August 28, 2009

New paper on recovery form recessions

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Friday, August 14, 2009

Family cost sharing in Switzerland

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Wednesday, August 5, 2009

Need to read when I am back in Geneva

This
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Tuesday, August 4, 2009

Writing tips...

Here. I liked this comment:

Also, don't make the grad student mistake.

The classic grad student mistake in a talk or a paper is to talk about what was hard, rather than what was interesting.


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Thursday, July 30, 2009

The Yacoubian Building

Just finished reading it and loved it. Here is the wikipedia entry
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Posner versus Thaler

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Maids (at the pool) in Lebanon

...right as you’re about to jump in the pool, the resort manager approaches and tells you to stay out of the water because “people are not used to the sight of workers swimming.” .... at least one resort Asian and African workers are allowed to swim in the sea but not in the pool, because “not all people like maids to swim with them in the water.”

The full article is here

Thanks to EJ (AKA, the "Z")

Older posts on the same subject: here; here; and here.
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Tuesday, July 21, 2009

The best book I've read this year

The Brief Wondrous Life of Oscar Wao. I think one should read The Feast of The Goat first (even toough Junot Diaz does not seem to like Vargas Llosa's book; too nice to Balaguer?)
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Wednesday, July 15, 2009

Journal for rejected papers

So far only in math. (found on MR). The first time I heard the idea of a journal for rejected papers was 15 years ago from Alberto Cassone.
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Tuesday, July 14, 2009

Cheesecake factory

Here is an article. I went there twice and found it disgusting. The second time was to see how my parents would react. You should have seen my mom's face when they brought her a salad which could have fed 15 people.
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The 4th most expensive city in the world

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Monday, July 13, 2009

My first job and then scholarship

Here, the second is here
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Friday, July 10, 2009

Easterly on Collier

here
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Restaurant prices

Prices of the buffet at Massaya (Here is the menu with prices):
  • Adults: $33;
  • Children between 15-10: $20;
  • Children between 9-4: $15;
  • Nannies: $20!!!
Micro 101 question: Why do nannies pay less?
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prices

Thursday, July 2, 2009

Off to Beirut (for one month)



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Thursday, June 18, 2009

Interview with Samuelson

Waiting for part 2. In the meantime:
And this brings us to Alan Greenspan, whom I've known for over 50 years and who I regarded as one of the best young business economists. Townsend-Greenspan was his company. But the trouble is that he had been an Ayn Rander. You can take the boy out of the cult but you can't take the cult out of the boy. He actually had instruction, probably pinned on the wall: 'Nothing from this office should go forth which discredits the capitalist system. Greed is good.'

However, unlike someone like Milton, Greenspan was quite streetwise. But he was overconfident that he could handle anything that arose. I can remember when some of us -- and I remember there were a lot of us in the late 90s -- said you should do something about the stock bubble. And he kind of said, 'look, reasonable men are putting their money into these things -- who are we to second guess them?' Well, reasonable men are not reasonable when you're in the bubbles which have characterized capitalism since the beginning of time.
By the way, I don't want you to think that I think that everything for the next 15 years will be cozy. I think it's almost inevitable that, with a billion people in China wide awake for the first time, and a billion people in India, there's going to be some kind of a terrible run against the dollar. And I doubt it can stay orderly, because all of our own hedge funds will be right in the vanguard of the operation. And it will be hard to imagine that that wouldn't create different kind of meltdown.

Last thing. Mea culpa, mea culpa. MIT and Wharton and University of Chicago created the financial engineering instruments, which, like Samson and Delilah, blinded every CEO -- they didn't realize the kind of leverage they were doing and they didn't understand when they were really creating a real profit or a fictitious one. There 's a lot of causality in economics, even though it's very far from an exact science.
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Sunday, June 14, 2009

Krugman interview

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Monday, June 8, 2009

Forecasters

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Thursday, June 4, 2009

Cipolla applied to Italy

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Wednesday, June 3, 2009

From today's FT

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Museums (economics and modern art)

Rigotnomics has a post about the economics museum in Mexico City. I know that the University of Buenos Aires has a museum dedicated to external debt crises but I've neve seen it. I will try to go when I go to LACEA this October.

Talking about muesums, last week I was in London and went to Tate Modern. It's amazing. I got goosebumps from this Cattelan piece.
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Paul Krugman likes one of my favorite movies

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Brad DeLong on Posner and the Chicago School

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Friday, May 22, 2009

FT exchange rates

The Financial Times is the best place to sell your dollars. In the normal world 1 USD buys you 0.7 euro cents or 0.6 pence. In the FT world 1USD buys 1.7 euros (2.5 times the normal exchange ate) or 0.8 pence (1.3 times the normal exchange rate). 
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Saturday, May 16, 2009

Growth after the crisis

New (at least to me) paper by Dani Rodrik
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