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The economic value of data: discussion paper

September 2, 2018 Bilal 0

The economic value of data: discussion paper https://ift.tt/2n6KzYS Policy paper The economic value of data: discussion paper A discussion paper on the economic value of data and the challenges to address to strengthen the UK’s position as a world leader in data-driven innovation. Documents Ref: ISBN 978-1-912225-80-4 , PU2169 PDF, 486KB, 23 pages Details Data is the fuel of the digital economy. Technological change has radically increased both the volume of data in the economy, and our ability to process it. This presents an opportunity to transform our economy and society for the better. This discussion paper provides an assessment […]

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How Does the Blockchain Work? – Member Feature Stories – Medium

September 1, 2018 Bilal 0

How Does the Blockchain Work? – Member Feature Stories – Medium https://ift.tt/2PqLxv1 Blockchain technology is probably the best invention since the internet itself. It allows value exchange without the need for trust or a central authority. Imagine you and I bet $50 on tomorrow’s weather in San Francisco. I bet it will be sunny, you that it will rain. Today we have three options to manage this transaction: We can trust each other. Rainy or sunny, the loser will give $50 to the winner. If we are friends, this could be a good way of managing it. However, friends or […]

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The global financial crisis of 1825 foreshadowed the problems of emerging markets today

September 1, 2018 Bilal 0

The global financial crisis of 1825 foreshadowed the problems of emerging markets today https://ift.tt/2P8vXUU First Argentina. Now Turkey. The next country to face a financial crisis could be any one of a slew of emerging-market economies that have grown dangerously dependent on borrowing in dollars and other foreign currencies. As of the end of 2017, corporations in emerging markets owed $3.7 trillion in dollar debt, nearly twice the amount they owed in 2008, according to the Bank for International Settlements. Analogies to 1997’s Asian financial crisis and Mexico’s “Tequila” crisis of 1994 abound. But the roots of emerging-market crises lie further back in […]

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Germany’s Foreign Minister Just Proposed a Way to Skirt U.S. Sanctions

September 1, 2018 Bilal 0

Germany’s Foreign Minister Just Proposed a Way to Skirt U.S. Sanctions https://ift.tt/2wiLny2 If Maas’s remarks looked like the germ of an idea that would carve out a more independent European foreign policy, the message from the German Chancellery was: Not so fast. Steffen Seibert, Chancellor Angela Merkel’s spokesman, characterized Maas’s op-ed as his “personal article,” rather than as the government’s position. Still, he told reporters that Maas had also “presented observations that are preoccupying the government.” Merkel, speaking to reporters alongside the visiting Angolan president in Berlin, said Maas’s op-ed “expresses in other words what I have said, that the […]

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Why isn’t inflation higher?

August 31, 2018 Bilal 0

Excess reserves held at the Fed are down from their peak of about $2.8 trillion, but still close to $2 trillion , massively higher than their long-run historical average. Inflationary pressures are modestly higher than they had been, but still in the range of roughly two percent. Source: Why isn’t inflation higher?

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Household Leverage and the Recession

August 31, 2018 Bilal 0

We evaluate and partially challenge the ‘household leverage’ view of the Great Recession. In the data, employment and consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the response of consumption and employment to changes in debt. Source: Household Leverage and the Recession

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Valuation vs. Momentum Investing

August 31, 2018 Bilal 0

Bill Spitz (who is known to the readers of this blog for his prescient calls in the past, As Risk Increases, Spreads Widen ) has written another gem documenting the “manias” leading up to the current market. Students will learn something about about two strategies for investing: Valuation (long run) vs. Source: Valuation vs. Momentum Investing

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Japan: Is life getting better?

August 31, 2018 Bilal 0

I’m choosing Japan for this post, but it could refer to almost any developed country. I would argue that the answer to the question in the title depends on how you define “life”: Definition A: The total utility of the typical life. Source: Japan: Is life getting better?

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This is the most hopeful take on American productivity growth relative stagnation I have seen. I thought it was coheren…

August 31, 2018 Bilal 0

This is the most hopeful take on American productivity growth relative stagnation I have seen. I thought it was coherent and might well be right 20 years ago. I think it is coherent and might possibly be right today. But is that just a vain hope?: Michael van Biema and Bruce Greenwald (1997): Managing Our Way to Higher Service-Sector Productivity : “What electricity, railroads, and gasoline power did for the U.S. economy between roughly 1850 and 1970, computer power is widely expected to do for today’s information-based service economy… …But there is increasing concern because improvements in productivity growth are […]