Poland’s ruling coalition wants central bank chief tried over hurting state interests
Mostly Economics
by Amol Agrawal
7h ago
Never rule out news on central banks and politics. Poland’s ruling coalition wants to try the central bank chief Adam Glapiński for using the central bank for State’s interests: Lawmakers with Poland’s ruling pro-European Union coalition launched a rare process Tuesday to bring the central bank chief before a special court on allegations of acting against the ..read more
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The rise and fall of paper money in Yuan China, 1260–1368
Mostly Economics
by Amol Agrawal
7h ago
Hanhui Guan, Nuno Palma and Meng Wu in this voxeu post discuss rise and fall of first paper money in history: In early-13th century China, the Mongols introduced the silver standard, the first paper money in history to be backed by a precious metal. This column studies the rise and fall of paper money in ..read more
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Rolling out CBDC in Nepal
Mostly Economics
by Amol Agrawal
1d ago
Maha Prasad Adhikari, Governor of the Central Bank of Nepal (Nepal Rastra Bank) in this speech discusses roll out of CBDC in Nepal: One of the major strategic areas Nepal Rastra Bank is rolling out Central Bank Digital Currency (CBDC) in Nepal. The concept of CBDC as a legal tender is not something to substitute ..read more
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What Should intro econ Include?
Mostly Economics
by Amol Agrawal
1d ago
Journal of Economic Education has published a six-paper symposium on the topic “What should go into the only economics course students will ever take?”. It is edited by Avi J. Cohen, Wendy Stock and Scott Wolla. Timothy Taylor covers the key ideas on his blog Conversable Economist: For many college students, and high school students ..read more
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How Physics and Argentina influence to becoming an economist
Mostly Economics
by Amol Agrawal
2d ago
Joseph Abadi of Phiapdelphia Fed in this interview discusses what influenced him to become an economist. His father was from Argentina and the country often being in crisis acted as an influence: What did your parents do for a living? My father was an investment banker. My mother was in finance too, but she stopped ..read more
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Rethinking innovation policy in India: Amplifying spillovers through contracting-out
Mostly Economics
by Amol Agrawal
2d ago
R. A. Mashelkar, Ajay Shah and Susan Thomas review India’s innovation policy since independence: At independence, India committed itself fully to foster, promote and sustain the creation of science and scientific research in all aspects. In this paper, we present first principles reasoning on the case for state action, and the optimal mechanisms for using ..read more
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The Netherlands Central Bank’s ChatDNB
Mostly Economics
by Amol Agrawal
1w ago
Centralbanking.com recently gave its annual central banking awards for 2024. One award caught my eye. The initiative of the year award has been given to Netherlands central bank for developing applications using artificial intelligence. They have built their own ChatDNB: When OpenAI, the US-based artificial intelligence research firm, launched ChatGPT in late November 2022, technology ..read more
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A Teacher Writes to Students Series (17): New Pragmatism
Mostly Economics
by Amol Agrawal
1w ago
A Teacher Writes to Students Series (17): New Pragmatism By Annavajhula J C Bose, PhD Department of Economics, SRCC, DU Can economics be made a force for good? This question is addressed by two great living economists as representatives of new pragmatism as the way out of the ‘deserty, sterile, and thuggish’ orthodox economics. You ..read more
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The one mistake that Indian democracy must learn to avoid from American democracy?
Mostly Economics
by Amol Agrawal
1w ago
Indian Express Group hosted Michael Sandel, Professor of Philosophy at Harvard University, at its adda recently. One of the questions he was asked was: The one mistake that Indian democracy must learn to avoid from American democracy. His answer was: Allowing money to dominate politics and political campaigns. His answer could not have come amidst ..read more
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The Macro Puzzle – II: Divergence between Consumption and GDP
Mostly Economics
by Amol Agrawal
1w ago
The recently released GDP and consumption survey data has led to puzzles and questions. In an earlier Moneycontrol article , I had discussed how the data shows wide divergence between growth rates of GDP and GVA. In the second article, I look at the second puzzle of the difference between GDP growth and consumption growth ..read more
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