Mostly Economics
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Mostly Economics is an India focussed economics research blog run by Amol Agrawal. He covers a wide range of economic topics while frequently updating his audience on the Indian economy.
Mostly Economics
11h ago
Anna Breman and Björn Lagerwall of Riksbank explore how behavioral economics can help improve monetary policy: This Economic Commentary aims to provide some ideas on how empirical research from behavioural economics could help explain economic developments in recent years, particularly in relation to the large increase in inflation. We also discuss why it may be ..read more
Mostly Economics
17h ago
How did tipping become an American ritual? Tim Sablik looks at this interesting history of tipping in Richmond Fed ‘s EconFocus: Historians aren’t entirely sure when tipping began, but it may go as far back as the ancient Roman Empire. In his 1998 book Tipping: An American Social History of Gratuities, historian Kerry Segrave placed its ..read more
Mostly Economics
18h ago
Agustín Carstens and Nandan Nilekani in this BIS paper lay out a new vision for the financial system: This paper lays out a vision for the Finternet: multiple financial ecosystems interconnected with each other, much like the internet, designed to empower individuals and businesses by placing them at the centre of their financial lives. It ..read more
Mostly Economics
3d ago
Viral V. Acharya, Nicola Cetorelli & Bruce Tuckman in this NBER paper discuss how banks and NBFIs are different: In recent years, assets of non-bank financial intermediaries (NBFIs) have grown significantly relative to those of banks. These two sectors are commonly viewed either as operating in parallel, performing different activities, or as substitutes, performing substantially similar activities, with ..read more
Mostly Economics
6d ago
India’s financial regulators have not said anything on the Electoral Bonds saga. The EBs led to many questions on the linkages between businesses and politics. Some of the businesses which donated funds were listed companies but apparently the disclosures were either weak or missing. One is wondering what SEBI has to say on thr matter ..read more
Mostly Economics
6d ago
Increased mentions of wars/ cold war/world war in papers and speeches. Gita Gopinath, Pierre-Olivier Gourinchas, Andrea F Presbitero and Petia Topalova in this IMF paper points looks at trade and fiannce flows post Russia and Ukraine war: Global linkages are changing amidst elevated geopolitical tensions and a surge in policies directed at increasing supply chain ..read more
Mostly Economics
1w ago
There was a time one looked up to the economists working with the Government of India. In other countries especially the West, the economists working in the University Departments are held in esteem. In India, it was the economists working with the government are held in esteem. Becoming an economist with the government was a ..read more
Mostly Economics
1w ago
Maurice Obstfeld of PIIE reflects on 8o years of Bretton Woods: The global economic institutions that grew from the Bretton Woods conference of 1944 aimed to create a cooperative policy environment conducive to recovery, development, continuing prosperity, social stability, and democracy. Prominent in the minds of the architects were the macroeconomic and trade policy coordination ..read more
Mostly Economics
1w ago
Jason Lennard and Meredith Paker in this voxeu research reflect on the 80th anniversary of the BW conference: 2024 marks the 80th anniversary of the Bretton Woods conference, which led to a major shift from the operation of the gold standard in the interwar years. This column explores how Britain’s 1931 departure from the gold ..read more
Mostly Economics
1w ago
Adam Brzezinski , Nuno Palma and François Velde in this Chicago Fed paper look at lessons from monetary history: Debates about the nature and economic role of money are mostly informed by evidence from the 20th century, but money has existed for millennia. We argue that there are many lessons to be learned from monetary history that ..read more