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Blogs - Oct 2012

The Truth About Sovereignty by Dani Rodrik
Tue, 2012-10-09 13:23
If the EU's future is now in doubt, it is because sovereignty stands in the way once again. By denying that European integration hinges on restraining national sovereignty, Europe’s leaders are misleading voters, delaying the Europeanization of democratic politics, and raising the costs of the ultimate reckoning.

How to Boost the Credibility of the International Monetary Fund by Robert H. Wade and Jakob Vestergaard
Mon, 2012-10-15 09:56
The authors put forth a plan for a voting system that stands the chance of being accepted by all IMF members.

Luck and Taxation by Gary Becker
Mon, 2012-10-15 12:39
it is unclear how large is the effect of higher income taxes on the behavior of richer individuals. The relevant evidence is growing, but so far different perceptions of these effects prevent the resolution of the sharp differences in opinions among even a-political economists on the damage done by high marginal income tax rates.

Campbell-Shiller Regressions: Future S&P Price Changes Regressed on Ratios of Prices to Long-Run Moving Averages of Past Earnings by Bradford DeLong
Mon, 2012-10-15 12:46
Bradford DeLong updates the Campbell and Shiller's original 1996 mean-reversion regressions!

The Case for IMF Quota Reform from the Council of Foreign Relations
Mon, 2012-10-15 14:23
IMF leaders failed to implement the governance and quota reforms agreed to in 2010 in advance of the October 2012 annual meeting in Tokyo, causing great consternation from many emerging markets and developing countries. Four international experts weigh in on the prospects for meaningful reform of the IMF's governing structure.

What can monetary policy do about inequality? by Benoît Cœuré
Thu, 2012-10-18 15:49
Social equality is better served by economic stability.

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