Friday, December 11, 2020

Bloomberg - Are you a robot?

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This may worth something:

Economics Major Receives Prestigious Research Award - University of New Haven

Described as "incredibly bright and motivated" by one of her professors, Hannah Providence '22 has been selected as the second recipient of the Bucknall Family Undergraduate Research Award.

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When Hannah Providence '22 was in high school, she took an AP microeconomics course. Before long she was hooked. She enjoyed the challenge of economic formulas and found the theories to be relevant and interesting.

Now an economics major at the University of New Haven, she is passionate about business operations, change management, and the public sector. She is also interested in nonprofits and higher education. Her research, which has focused on improving the state of Connecticut's economy, has led to her being named the second recipient of the University's Bucknall Undergraduate Student Research Award.

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Publisher: University of New Haven
Twitter: @unewhaven
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The world economy - After the pandemic, will inflation return? | Leaders | The Economist

Yet as we explain this week (see article ), an increasingly vocal band of dissenters thinks that the world could emerge from the pandemic into an era of higher inflation. Their arguments are hardly overwhelming, but neither are they empty. Even a small probability of having to deal with a surge in inflation is worrying, because the stock of debt is so large and central-bank balance-sheets are swollen.

In the decades since Margaret Thatcher warned of a vicious cycle of prices and wages that threatened to "destroy" society, the rich world has come to take low inflation for granted. Before the pandemic even an ultra-tight jobs market could not jolt prices upwards, and now armies of people are unemployed. Many economists think the West, and especially the euro zone, is heading the way of Japan, which fell into deflation in the 1990s and has since struggled to lift price rises far above zero.

Publisher: The Economist
Twitter: @TheEconomist
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Claudia Goldin is first woman to receive Nemmers Prize in Economics | Harvard Center for

Harvard Pop Center faculty member Claudia Goldin , PhD, has been awarded the 2020 Nemmers Prize in Economics by Northwestern University. Dr. Goldin was selected to receive this prize “for her groundbreaking insights into the history of the American economy, the evolution of gender roles and the interplay of technology, human capital and labor markets.” Congratulations, Professor Goldin!

Publisher: Harvard Center for Population and Development Studies
Date: 2020-12-11T17:05:24 00:00
Author: https www facebook com HarvardPopCenter
Twitter: @harvardchansph
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And here's another article:

Free exchange - Where economists focus their research | Finance & economics | The Economist

A N OLD joke: a policeman sees an inebriated man searching for his keys under a lamp post and offers to help find them. After a few fruitless minutes, the officer asks the man whether he's certain he dropped his keys at that particular location. No, says the man, he lost them in the park. Then why search here, asks the officer. The man answers: "Because that's where the light is.

A boom in the emerging world and a greater focus within economics on empirical work have broadened the reach of the lamplight. The share of papers mentioning countries in the Middle East, Africa, Asia or Latin America has risen from 17% in 1990 to 41% today. Yet many parts of the world, such as poor African countries, remain heavily under-studied. Even within regions, some places receive outsized attention.

Publisher: The Economist
Twitter: @TheEconomist
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Vaccine ethics have created an unambiguous tradeoff between economics and public health - Axios

Why it matters: The current scarcity of the vaccine looks like an economics problem — too much demand, and not enough supply. But no one is seriously proposing a market-based solution, where the vaccine goes first to those willing and able to pay to jump to the front of the line.

The bottom line: We've finally reached a point at which there is an unambiguous tradeoff between economic activity and public health. To our credit, we've chosen the latter.

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Publisher: Axios
Date: 2020-12-10T19:08:27.154629Z
Author: Felix Salmon
Twitter: @axios
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Charlemagne - Why is Europe so riddled with vaccine scepticism? | Europe | The Economist

Yet for a surprisingly large number of Europeans, a different emotion came before pride: paranoia. Despite scrupulous tests showing that the vaccine is safe, many people doubt it. One in three French people thinks vaccines in general are unsafe—the highest figure for any country, according to the Wellcome Trust, a British charity. A whopping 46% say they would reject a covid-19 vaccine when offered it, according to an Ipsos MORI poll. And France is not alone.

Politicians feel they must tread carefully. The British regulator's speedy approval came in the knowledge that eight in ten Brits were keen on the vaccine even before a public-health campaign showed happy pensioners being jabbed. Swiss regulators have taken a more cautious approach, in a bid to allay the concerns of vaccine doubters. Jens Spahn, the German health minister, declared: "Nothing is more important than confidence with respect to vaccines.

Publisher: The Economist
Twitter: @TheEconomist
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Energy markets - OPEC loosens up | Finance & economics | The Economist

C ARTELS EXIST to exert control. This year the Organisation of the Petroleum Exporting Countries ( OPEC ) and its allies have occasionally seemed to prefer chaos. In March Saudi Arabia and Russia began a price war just as covid-19 crushed demand, akin to staging a fight atop a sinkhole. The group agreed in April to slash output, but at a big meeting in December oil ministers took days longer than expected to decide their next steps.

Beyond January, however, OPEC and its allies planned not to plan. Any changes to production will be decided in monthly meetings. That is in part because it is difficult to predict oil's recovery. It is also because the new year may mark the beginning of a new strategy.

Publisher: The Economist
Twitter: @TheEconomist
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The Relevance Of The Natural Sciences Methods In Economics

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