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Sunday, March 13, 2011

Going beyond Keynesianism to avoid another global crisis

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High income countries are facing a “new normal” (a combination of low growth, high unemployment and low returns on investment). Some of the ...
Friday, March 11, 2011

Are Nepal’s policies “mercantilist/economic nonsense”?

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Here is my latest piece about Nepal’s Industrial Policy 2010, Trade Policy 2009, and Nepal Trade Integration Strategy (NTIS) 2010, and how ...
Thursday, March 10, 2011

Country specific effects of fiscal stimulus

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Ethan Ilzetzki, Enrique Mendoza, and Carlos Vegh (2011) analyze a quarterly dataset on government expenditures for 44 countries (20 high-in...
Tuesday, March 8, 2011

How to ensure stable growth in post-crisis Asia?

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By raising consumption and investment or reorienting investment from tradable to nontradable sectors. These changes in investment could be f...
Monday, March 7, 2011

Higher food prices are here to stay

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Thomas Helbling and Shaun Roache (2011) argue that higher food prices are here to stay not because of weather factors, but due to the ongo...
Friday, March 4, 2011

Public investment and economic growth

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Public investment on infrastructures, education and health are prominently featured in developing country’s fiscal budget. But, how fruitful...
Thursday, March 3, 2011

How will India’s fiscal budget affect Nepali economy?

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The Indian Finance Minister Pranab Mukherjee presented to the Indian parliament a fiscal budget of around US$278.38 billion for the next fi...