Mr Abe's archery excited keen interest elsewhere. Many other mature economies, after all, look a little Japan-ish. They combine greying populations, faltering growth, high public debt and stubbornly low inflation, despite miserly interest rates. "Yes, we are probably all Japanese now," concluded Jacob Funk Kirkegaard of the Peterson Institute for International Economics, an American think-tank, last year, even before the covid-19 pandemic added to the debt, disinflation and despair.
This may worth something:
Global red tape - The World Bank's business-rankings mess | Finance & economics | The
R UNNING A BUSINESS is hard in many parts of the world. So the World Bank gives governments an incentive to make it easier, and ranks them according to where the burden of regulation is lightest. This year, though, its Doing Business ( DB ) index has itself been ensnared in procedural problems. On August 27th the Bank said that publication of the next set of rankings would be delayed.
Some cheered the postponement because they think the index is counterproductive, specious, or both. Many critics worry that it encourages PR -attentive technocrats and politicians to slash regulations excessively and that it ignores how rules are applied in practice. A study in 2015 found "almost zero correlation" between the DB results and what businesses say when directly surveyed by the World Bank.
Race and Racism in Economics – IMF F&D
The field of economics has been far from immune from discrimination and racism. George Stigler, a 1982 Nobel laureate, argued in 1965 that Black people were inferior as workers and that the solution was in fostering "the willingness to work hard" (Stigler 1965). This was not an exception: it reflected biases of economists and economic institutions of the time.
The economic debate has progressed since Stigler's 1965 piece. Gary Becker, a 1992 Nobel laureate, demonstrated in his 1971 Economics of Discrimination that discrimination from several factors, including race, reduces the real income of both its target and the perpetrator.
Buttonwood - Can private equity's numbers be trusted? | Finance & economics | The Economist
I N "THE BLACK ISLAND" , Tintin, the quiff-sporting boy reporter, uses a plane to chase a pair of forgers flying over Scotland. As he closes in on them, they suddenly disappear into a bank of clouds. "Just as I feared," says his pilot. "Running into cloud." After crashing into a dyke, Tintin emerges bruised but impressed by the itchy feel of Scottish fashion and his first pint of stout.
But veterans and novices alike face the same visibility problem. Working out how much money is channelled into private equity, how much it makes and whether the adventure is worth it is fiendishly tricky. That is because, even if private equity today is not all that private—its biggest firms are listed, and they routinely buy and sell companies and securities in public markets—the data leave a lot to be desired.
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NSF grant to fund economists' active learning study | Cornell Chronicle
Doug McKee , senior lecturer in economics in the College of Arts and Sciences, and George Orlov , an Active Learning Initiative postdoctoral fellow in economics, have received a three-year grant from the National Science Foundation (NSF) to study the long-term effects of active learning and online instruction.
Active learning methods have been widely adopted in science, social science and math classrooms, including at Cornell . While the positive effects of active learning in the short run are well-documented, little research has been done to study the long-term impact of active learning, McKee said.
UW Economists Awarded Fellowships for COVID-19 Research | News | University of Wyoming
The University of Wyoming College of Business has awarded McMurry Summer Research Fellowships to economists Linda Thunström and David Finnoff , in recognition of their outstanding research in the COVID-19 health crisis.
“Honoring the McMurry family’s incredible investment in the college’s pursuit of excellence, we were excited to launch the McMurry Summer Research Fellows program to support and acknowledge our top faculty in generating nationally recognized research,” says College of Business Dean David Sprott. “We are proud of being able to steward this incredible resource that has had such a significant impact in Wyoming and beyond.”
The exception - Why is Wall Street expanding in China? | Leaders | The Economist
I N THE TECH industry the rupture between China and America continues to grow. Will Uncle Sam force a sale of TikTok, a Chinese-run app popular in the West (see article )? Can Huawei survive the embargo? Is Apple shifting its supply chains from China? Yet in one part of the global economy the pattern is of superpower engagement, not estrangement: high finance. BlackRock, a giant asset manager, has got the nod to set up a Chinese fund business.
Western, and in particular American, capital markets still reign supreme on most measures. Derivatives are often traded in Chicago; currencies in London. American firms dominate the league tables in asset management and investment banking. The White House has sought to weaponise America's pre-eminence, by pushing Chinese firms to delist their shares from New York, for example. But if anything the trade war has shown the growing muscle of China in finance.
Firm to study economics of corridor project - Dubois County Herald
By Herald Staff
Dubois Strong has hired Hunden Strategic Partners to study and provide an economic impact analysis on the Mid-States Corridor project.
The announcement was made during the annual meeting of Dubois Strong, an organization whose mission is to promote economic development in Dubois County and southwest Indiana. The meeting, which was held virtually earlier this week, recapped the organization's recent activities and reported on its future plans, which include the analysis by Hunden Strategic Partners.
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