Monthly Archives: May 2014

Robin Harding

This table is the Fed’s response to researchers who say that only short-term unemployment puts downward pressure on inflation. It comes from a newly published research paper by Michael Kiley, a senior economist on the Fed staff. Read more

It is almost a week since the International Comparison Programme produced new estimates for what people can buy with their money in different countries. The new Purchasing Power Parity series seeks to establish the real-world equivalents to $1 by estimating how much domestic currency is needed to buy a similar basket of goods and services in every state.

The estimates are difficult and care is needed in interpreting the results, but they are also vital for making relevant international comparisons. And it is all change in global economics in at least three different areas. Read more

Claire Jones

Economics students from 19 countries have united to call for change in the way the subject is taught.

(©Sophie Bédard

The students, which include members of the Post-Crash Economics Society at the University of Manchester, are from 42 groups spread across four continents.

Like the Post-Crash Economics Society, the groups are keen for universities to teach a wider range of theories and methodologies than those now on offer at most economics departments.

This from their open letter:

We are dissatisfied with the dramatic narrowing of the curriculum that has taken place over the last couple of decades. This lack of intellectual diversity does not only restrain education and research.

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