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
5h ago
RBI recently rejected two applications that had applied for Small Finance Bank licences. My piece in Deccan Herald on the struggles of getting bank licences ..read more
Mostly Economics
5h ago
ECB President Christine Lagarde in this speech poinst to the power of ideas and how ideas shape history. By inspiring action, ideas can help us grow. This might be personal growth – a student’s learning, say, allowing them to make the right decisions throughout their future career. But it holds at the societal level too ..read more
Mostly Economics
14h ago
Iñaki Aldasoro, Sebastian Doerr, Leonardo Gambacorta and Daniel Rees in this BIS paper estimate impact of AI on output and employment: This paper studies the effects of artificial intelligence (AI) on sectoral and aggregate employment, output and inflation in both the short and long run. We construct an index of industry exposure to AI to calibrate a macroeconomic multi-sector ..read more
Mostly Economics
14h ago
IMF’s Global Financial Stability Report – April 2024 has a chapter on private credit: Chapter 2 assesses vulnerabilities and potential risks to financial stability in private credit, a rapidly growing asset class—traditionally focused on providing loans to mid-sized firms outside the realms of either commercial banks or public debt markets—that now rivals other major credit ..read more
Mostly Economics
2d ago
Nice interview of Prof Ulrike Malmendier of University of California. She explains how past experiences influene present current economics decisions: Turning to your research, one of the things you’ve found is that people’s likelihood of buying a home rather than renting is influenced by their experiences with inflation. Please explain. Malmendier: I’ll step back for the bigger ..read more
Mostly Economics
5d ago
Matthew Wells of Richmond Fed looks at origins of Fed’s 2 percent target: Eight times a year, the Federal Open Market Committee (FOMC) meets to conduct monetary policy, and, regardless of what actions it takes, this seemingly straightforward line has appeared in each of its post-meeting statements since September 2020. By now, many Fed watchers ..read more
Mostly Economics
1w 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
1w 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
1w 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