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Blogs - Dec 2013

The 2013 WTO Bali Ministerial: Prospects and New Horizons by Jonathan Meltzer
Thu, 2013-12-05 14:02
A successful outcome in Bali will inject some credibility back into the WTO as a trade negotiating forum. The failure to conclude the Doha Round after 12 years has led many to question the future of multilateral trade rounds. Agreement at Bali will also underpin continuing political support for the WTO more broadly including its dispute settlement mechanism.

Why the WTO Needs a “Hypocrisy Clause” by Timothy Wise
Mon, 2013-12-09 14:23
A top ten list of hypocritical US statements on India’s food security program

Speaking Truth to Power by Joseph P Joyce
Tue, 2013-12-10 12:24
[The] IMF has established more credibility in this crisis than those who have consistently refused to acknowledge its extent.In seeking to improve the process of dealing with debt restructuring, the IMF is fulfilling its mission to provide “…the machinery for consultation and collaboration on international monetary problems.” (IMF Article of Agreement I(i).) Its members should allow it to meet that mandate.

Simon Wren-Lewis on Macroeconomics by Simon Wren-Lewis
Thu, 2013-12-12 15:27
In these two articles Simon Wren-Lewis discusses ways on how to improve the teaching of economics.

Why economics needs economic history by Kevin Hjortshøj O’Rourke
Thu, 2013-12-12 15:37
The current economic and financial crisis has given rise to a vigorous debate about what training graduate and undergraduate economics students are receiving. This column argues that we don't teach enough economic and financial history, even though it is crucial in thinking about the economy. It also offers a wealth of opportunities for teachers who wish to motivate their students.

Life after Bali by Suparna Karmakar
Fri, 2013-12-13 13:33
The WTO should deliver in agriculture.

International Policy Coordination: The Loch Ness Monster by Olivier Blanchard, Jonathan D. Ostry, and Atish R. Ghosh
Mon, 2013-12-16 14:23
if large players in the global economy are responsible for significant adverse spillovers across a swath of smaller countries, this needs to be acknowledged as well, and feasible remedies considered.

Why microfoundations have merit. by Tony Yates
Mon, 2013-12-16 23:07
If the meme that microfounded macro has ‘no merit’ were to gain any more traction, I assert that great danger would lie ahead!

Four missing ingredients in macroeconomic models by Antonio Fatas
Tue, 2013-12-17 14:20
Antonio Fatas adds joins the methodological debate about what constitutes an acceptable economic model.

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