Chandan Sapkota's blog
Macroeconomics, Public Policy and Policy Analysis
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Tuesday, December 30, 2008
Liquidity trap and optimal fiscal policy
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Following New Keynesian Economics models, Krugman sketches out a model where he shows the optimal fiscal policy (increasing government exp...
The year 2008 in review- the WB version
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Here is WB’s review of the year 2008
Monday, December 29, 2008
YCL and load-shedding fall heavy on the industrial sector
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The Maoists militant youth force, YCL, and 13 hours of load-shedding in Nepal is taking toll on the industrial sector. Lack of energy and YC...
Sunday, December 28, 2008
Resource curse and reversal of (corrupt) contracts
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The latest democracy to be a victim of a coup d’état is Guinea, a country rich in natural resources, mainly bauxite, gold, diamonds, iron a...
Saturday, December 27, 2008
A wonderful Xmas gift: 13 hours of load-shedding in Nepal!!
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12-14 hours of load-shedding. That’s a Xmas gift from the government to the Nepali people! Faced with acute shortage of power in the count...
Thursday, December 25, 2008
The mechanics of growth
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Abhijit Banerjee explains the mechanics of growth: The problem is that for a business to rise beyond its many competitors—the thousan...
More praise for Keynes
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Martin Wolf writes , “We are all Keynesians now.” [This exact sentence was used by Krugman and Stiglitz in the beginning of their past colu...
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