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The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma

November 12, 2018 Bilal 0

The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma https://ift.tt/2JzTsVk The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma Author/Editor: Paolo Cavallino ; Damiano Sandri Publication Date: November 2, 2018 Electronic Access: Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. Summary: We provide […]

Artificial Intelligence Still Isn’t All That Smart

August 31, 2018 Bilal 0

Machine learning-enabled price discrimination might allow companies to figure out exactly how much customers are willing to pay for things, and gouge them for every penny. Machine learning-enabled network effects could aggravate the problem of big-company dominance. Algorithms could collude with each other to rig markets, without humans even realizing the collusion is happening.

Pro-Growth Education for Japan

August 31, 2018 Bilal 0

It is time for Japan to unleash the third “arrow” of Abenomics: a long-term growth strategy underpinned by structural reforms. A critical element of that strategy must be improved human-capital formation, achieved through a revised approach to education.

Brexit doom predictions – the Y2K of today

August 31, 2018 Bilal 0

Anyway, the August edition of ‘Brexit Watch’ has come out now and didn’t disappoint. The manic anti-Brexit bias continues. Very little understanding of the impact of the irresponsible fiscal strategy is demonstrated. The same hacks get a ‘guernsey’ and prophesies of doom abound.

China Invents a Different Way to Run an Economy

August 31, 2018 Bilal 0

Although it’s hard to get a clear picture of China’s overall credit policy — because there are so many policy levers, and because so much is done behind closed doors — it appears that the country is feeling out a novel approach to macroeconomic stabilization. That program focuses on asset prices, bank finance, real estate and administrative control of banks.