What to do in face of the new paradigm? Industrial policies for developing countries in times of Industry 4.0 The two previous meetings of this webinar aim to provide an overview of what is understood by Industry 4.0 and its implications for developing countries. This meeting will focus on which the available policy options are …
This our weekly discussion of the price level as it relates to Perry Mehrling's money view. The price level is the average price of goods in terms of money or, equivalently, the price of money in terms of goods. But what determines the price level? Why is the price level important? And how does it …
Discussion of Monetary Architecture with Steffen Murau Read More »
We're discussing the following for week 12: Lecture 21 Shadow Banking, Central Banking, and Global Finance Lecture SlidesEverything in the shadow-banking system is a market price. Derivative dealers and their swap books are central to the modern market-based shadow-banking system. It's the derivative dealers who need a backstop. Lecture 22: Touching the Elephant: Three Views …
The YSI Latin America Working Group happily announces a special session to be held during the 2nd Unicamp International School on Development Challenges – Different Dimension of Inequality. We invite students of the 1st Unicamp International School on Development Challenges to submit their work (paper or thesis chapter - work in progress are allowed) to …
YSI Special Session – Unicamp International School – Development Challenges Read More »
Daniel Zarama (Universidad de los Andes) will present the paper "Evolutionism and Politics: Hayek’s Turn Towards Individual Experience". The discussion will be in English. You can download Daniel's paper here.
This session will discuss the recent paper written by Suborna Barua, Rubaiyat Shaimom Chowdhury and Sonia Rezina, titled, "One year of fighting the Covid-19 Pandemic: An analysis of policy plurality and response performance of emerging economies". The speaker for the Session: Suborna Barua Abstract Emerging economies face resource availability and allocation constraints in responding to …
Fighting the Pandemic: Policy Plurality and Response Performance Read More »
In this session we will discuss the Zimbabwean experience with hyperinflation which began in the 2000s. Introducing us to the topic are Ushehwedu Kufakurinani's working papers, which you can find here. From hyperinflation to liquidity crunch: Money Doctors and the Zimbabwean Economic Experience, 2008 to 2015AbstractThis paper examines Zimbabwe’s journey from hyperinflation to liquidity crunch …
The hyperinflation in Zimbabwe | Ushehwedu Kufakurinani Read More »
To wrap up this run-through of the MOOC, we'll we'll review any remaining questions and thoughts people, including comments and replies from the Reddit discussions. Ahead of this discussion we'll read Perry Mehrling's new intro for the Japanese edition of The New Lombard Street that he wrote in May. Did we get what wanted out …
This is the third of three sessions to discuss the 1960 book Money in a Theory of Finance by John Gurley and Edward Shaw. For this session, we will discuss chapters 4 and 5. Book Description from Perry Mehrling's Money & Banking MOOC: "This book was significant for bringing money back into economics in 1960, …
Today we'll recap our session from the previous week and deepen our discussion of the Zimbabwean hyperinflation.
The Latin America and Economics of Innovation Working Groups (LAWG-EIWG) invites you to the VI International Meeting of Economics (VI Encuentro de EconomÃa), organized by the Department of Quantitative Economics (DEC) of the National Polytechnic School (EPN) of Quito, Ecuador. The Meeting is a biannual event that seeks to contribute to the economic debate through …
VI International Meeting of Economics DEC-EPN Ecuador (ONLINE) Read More »
From the book description:"In this magisterial account of the Great Depression, MIT economist Charles Kindleberger emphasizes three factors that continue to shape global financial markets: panic, the power of contagion, and importance of hegemony." This week's reading: Chapter 1 - IntroductionChapter 2 - Recovery from the First World WarChapter 3 - The BoomChapter 4 - …
The World in Depression, 1929-1939 by Charles P. Kindleberger | Session 1 Read More »