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Sholpan Marabayeva

UPDATE 3-Russian central bank prepares strategy for sharp oil price drop - 1 views

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    This is an article on how Russia's central bank will address the sharp oil price drop. This article relates to what we are doing because it talks about the strategy of the Russian central bank. the central bank is a key tool for the monetary policy, which we are covering right now. Also this article briefly mentioned balance of payments, and the negative consequences of the bank failing to address this issue. It was a very interesting read.
Zuzanna G

Australian Government investment in science reaches 30-year low - 1 views

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    This article is a brief analysis of Australian government's investment in research and points out that the amount of money invested is decreasing. It also presents possible future implications of this state of affairs.
Jakub B

Reform Conservatism and a Smarter Supply Side Tax Agenda - 0 views

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    The article states in a very clear way which supply-side policies are effective and describe their advantages and drawback. It also refers to the usual 'conventional' policies that can do more harm than help. It ends with a recipe for the proper use of supply-side policies.
John B

William Easterly: Singing About Fighting Poverty, Slightly Off-Key - WSJ - WSJ - 1 views

  • The progress against poverty in China is obvious, but whether China's government deserves to be held up as a development model is not so clear. For instance, who gets to decide whether mainland Chinese citizens should be content with improved standards of living and so few protections against the frequent violations of their rights by their own government?
  • Extreme poverty in China has been reduced over the past few decades precisely because Beijing permitted the freedoms of a market economy to infiltrate a communism-blighted society. If the regime's repression now worsens, count on the end of the country's high growth rates.
  • Yet freedom is arguably central: first, as an end that people want for themselves, and, second, as the most well-proven path to escaping poverty. Consider among others North America, most of Europe, Australia, New Zealand, Japan, South Korea, Taiwan and Chile, where the answer to poverty was economic and political freedom.
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    In this article, the author discuss the affects of the actions of the government in China. It is a modern topic today due to the demonstrations being held in Hong Kong. The authors mentions that the statement about entering a democracy, and then pulling back on the decision means that they were on the right track to get the market more free from the government, hence less poverty, but now he thinks it is gonna worsen the economical conditions. A free market has saved many economies, why should China still not give in for the human rights and improve their economy?
Aleksi B

Job Creation Should Be Policy Priority, O.E.C.D. Report Finds - NYTimes.com - 0 views

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    The article talks about how job creation needs to be created by the use of supply side policies.
Amanda Anna G

Kansas's mid-term elections are a referendum on supply-side economics - The Washington ... - 1 views

  • Kansas’s mid-term elections are a referendum on supply-side economics
  • Brownback has signed major tax breaks into law, reduced state spending and arguably made it harder for people in poverty to receive welfare.
  • "I don't consider this an experiment," he told The Post recently. "This is a long-term strategy to make us more competitive."
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  • Voters are upset. Eliminating taxes doesn't guarantee victory at the polls -- not even in a red state like Kansas.
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    This article deals with Kansas economy. Gov. Sam Brownback has increased taxes for the lowest- income families while the high- income families have a reduction in their taxes. He believes that it is a long- term strategy to make Kansas more competitive. 
Yassine G

Portland mayoral candidates disagree a bit - 1 views

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    This article highlights the objectives of candidates who are running to be mayor of the city of Portland. They discuss what their vision is and how they could reach it. Some of their goals is improving infrastructure which is an interventionist supply side policy. The article also highlights some macro economic objectives such as growth and lower unemployment 
Zube Iheobi

Expanding Municipal ID Cards | Center for Popular Democracy - 0 views

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    i think this article proposes what will help lessen the effect of income inquality. closing the social gap between the rich and poor zubeee
Mariam P

Perceived Growing Income Distribution Inequality in Indonesia - 1 views

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    According to a survey conducted by Lembaga Survei Indonesia (LSI) most Indonesians believe that Indonesian society is characterized by a high degree of income distribution inequality. More than 90 percent of respondents see income inequality in Indonesia, while about 40 percent of respondents believe there is no equality at all regarding income distribution in Indonesia.
Haydn W

Income distribution of New York City: What does it take to be rich? - 1 views

  • So You’re Rich for an American. Does That Make You Rich for New York?
  • New Yorkers have a notoriously skewed sense of wealth—at least when they work in industries like finance or media and live in Manhattan or Brooklyn. It’s hard not to, seeing how we’re surrounded by expensive restaurants, expensive apartments, and expensively dressed people who seem able to afford it all.
  • If I mention that a six-figure salary counts as rich in much of the country—that just $250,000 gets you into the top 2 percent—the response is usually, “Sure, but that’s not New York rich.”
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  • The greater New York metro area may be home to an enormous share of the country’s 1 percenters, and it's certainly a magnet for exorbitant, plutocratic wealth. But in the city itself, the basic income curve isn’t that exceptional. In the entire U.S., according to the Census, about 22 percent of households earn six figures. In NYC, it’s about 25 percent.
  • Real estate here is expensive, and we don’t get much square footage for our buck. But as I wrote yesterday, the high rents in this city are balanced out somewhat by the low, low cost of commuting on the subway. (Not paying for a car, or gas, or car insurance is pretty financially sweet.)
  • Combine that with the fact that salaries are somewhat higher than average here, and New York is reasonably affordable compared with other large cities.
  • The upshot: If you’re rich by U.S. standards, you’re probably also rich by New York standards. Now, if you do want to see a city where incomes are crazily out of line with the national norm, check out San Francisco, where 39 percent of households make six figures—it really is becoming a city for the rich.
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    This article from Slate tackles the issue of income distribution in one of the most notoriously expensively cities on Earth - New York. The article relates the economic principles learned this week to real life and the cost of living in a bustling city, with an interesting conclusion that might surprise some.
Amanda Anna G

Changes in the US regional income distribution | FT Alphaville - 0 views

  • Changes in the US regional income distribution
  • Readers of our post on the unequal distribution of healthcare productivity across the US will notice that the states with the lowest median incomes are the ones that were originally settled by Cavaliers and Borderers, with the notable exceptions of Virginia and Maryland. Despite a general tendency towards rising inequality in the US income distribution, regional inequalities haven’t changed much since 1984,
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    This article deals with the income distribution in the US for some years back. There are charts showing the data for now and a few years back, explaining the change in the distribution of income in the different states in the US. 
Haydn W

Mexican Central Bank Head Warns of Spillover Effects of Dramatic Monetary Policies - WS... - 0 views

  • SINTRA, Portugal—The head of Mexico's central bank said Tuesday that he supports the dramatic measures that central bankers in advanced economies have taken to stabilize their economies, but emerging markets must be mindful of the spillover effects these policies may have.
  • "The unconventional monetary policies have…established the ground for a recovery in economic activity," said Agustin Carstens, governor of Mexico's central bank
  • The inflows have led to higher exchange rates in emerging markets, Mr. Carstens said, weakening exports, as well as a compression of interest rates, leading to bubbles in some real-estate markets.
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  • One byproduct of these policies has been to pump new money into financial markets. Some of that money has found its way to emerging markets as investors sought higher-yielding assets.
  • "Authorities need to think about how they can spread, through time, the adjustment process,"
  • More broadly, emerging economies "shouldn't depend on advanced economies to generate growth," Mr. Carstens said.
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    Agustin Carstens, governor of the Central Bank of Mexico warns about the spillover affects into the developing world from advanced economies' banks' monetary policies. Money has found its way into emerging markets leading to higher exchange rates and weakening exports according to Carstens. This is a dangerous bubble that could be liable to burst should growth pick up soon. Overall this article provides an interesting insight into how one countries policy choices can have global consequences and how international economics really is.
Yassine G

Economic divide: London's growth set to outpace the rest of the country | Business | th... - 0 views

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    This article shows how one city could be responsible for the growth of a whole country. The growth in london is mostly due to big economic activity as money is constantly being invested and injected, the circular flow is also very fast. 
Daniel B

Credit-Easing Steps by Central Banks, at a Glance - 0 views

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    As early as next month, the European Central Bank is expected to act to counter persistently low inflation and to try to invigorate the eurozone's lethargic economy. Among the evidence the ECB will weigh: Thursday's report that the 18 countries that use the euro collectively grew just 0.2...
Amanda Anna G

US Fed debates plans to exit easy monetary policy - FT.com - 0 views

  • The US Federal Reserve is debating yet another addition to its forward guidance as the central bank starts to plan an exit from easy monetary policy.
  • ccording to the minutes of April’s meeting of the Federal Open Market Committee, “a number” of officials wanted to give more information about how long the Fed will wait before it starts to reduce the size of its balance sheet.
  • The minutes show how the Fed is starting to wrestle with the complexity of raising interest rates with a balance sheet bloated to more than $4tn by repeated rounds of asset purchases over the past five years.
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    As a number of officials wanted to give more information about how long the US Federal Reserve will wait before it starts to reduce the size of its balance sheet, the central bank starts to plan an exit from easy monetary policy. 
Haydn W

France's Fiscal Policy Targets Very Challenging Says IMF - NASDAQ.com - 0 views

  • PARIS--French President Francois Hollande has chosen the right path to repair the country's economy and finances, but its fiscal targets are very challenging, the International Monetary Fund said Thursday.
  • At the start of the year, the socialist leader switched from a policy of tax increases to spending cuts to bring down the budget deficit.
  • The planned reduction in taxes mean that the cutbacks to spending relative to trend will need to be very large if public finances are to be brought back to balance
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  • If the government delivers the EUR50 billion ($68.5 billion) of savings over 2015 to 2017 that would be "remarkable by historical standards," the IMF said.
  • data on Thursday showed the French economy remained weak at the start of this year, while Germany posted better-than-expected growth. France escaped the wider euro-zone recession that followed the bloc's debt crisis, but it has failed to post strong growth for the last two years and the government has repeatedly missed its targets for bringing down the deficit.
  • Mr. Hollande launched a Responsibility Pact, under which payroll taxes on businesses would be cut in an effort to boost investment and recruitment
  • The IMF said the measures in the Responsibility Pact would only slowly boost growth to around 1% this year and 1.5% in 2015. It also warned there are risks of a weaker rebound and that inflation would remain around 1% with the economy operating well below capacity.
  • The IMF said the European Central Bank--which indicated last week it may launch stimulus measures in June--could do more to help France meet its targets.
  • "More accommodative monetary conditions would help with the implementation of the fiscal program and bring forward the benefits of structural reforms," the fund said.
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    This article details France's success in it's road to recovery following the Eurozone sovereign debt crisis. This week the IMF has hailed president François Hollande's cutback path to repair the countries economy but commented that his targets may be 'very challenging.' This comes after the French government has delivered vast savings through austerity measures whilst retaining general stability despite the rise of far-right groups like The Front National. In my opinion for a country in the eurozone Hollande's France seems to be doing well for itself on the road to recovery and could set an example for other Eurozone countries, like Greece and Portugal.
Clemente F

Having your cake - 1 views

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    This article discusses how less inequality does not mean less efficiency looking at trade offs.
John B

How "Dead Men" Fiscal Policy Is Paralyzing Government - 1 views

  • More and more fiscal policy is designed to be permanent and out of the effective control of the lawmakers who create it.
  • The reason is the classic prisoner’s dilemma. Lawmakers (some of them anyway) know they’d benefit from a political grand bargain where Democrats agree to reduce spending by restructuring the big mandatory programs and Republicans agree to raise new revenues by slashing tax subsidies.
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    This article is dealing with a book called "Dead Men" that is about how the government is so divided into two halfs, where both try to stay away from increasing taxes as that is what the voters mostly look for.
Daniel B

long- and short-term unemployment have similar inflation impact - 3 views

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    This article deals with the long- and short term unemployment and their impact on inflation. Federal Reserve's paper gives doubts whether there is any difference between them. Worth looking through!
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