Oct 16th, 2011
My friend Mark Williams sent me last week a reference to a very interesting paper written by Malhar Nabar, an economist at the IMF. The paper is called “Targets, Interest Rates, and Household Saving in Urban China” and in it Nabar tries to measure the impact of changes in the real deposit rate on changes [...]
Oct 6th, 2011
I spent the end of last week in Washington DC during the IMF/World Bank meetings.Needless to say this has been a pretty gloomy trip and most of the people I spoke to or heard speak had only bad things to say about the global economy. What’s more, given how bad the markets were this week, [...]