See here as well as below my piece on the Modi government’s move to scrap high-denomination currency notes in India: The Government of India’s decision to abolish high denomination notes of Rs 500 and Rs 1,000 has been given two primary rationales. The first is to address a problem of counterfeiting, suggested to emanate from across the … More Is Modi’s move to scrap high-denomination notes more about politics than economics?
The announcement that the new Secretary-General of the United Nations will be Antonio Guterres of Portugal brings to an end a process of making this important appointment which has been more transparent than ever (as it included such innovations as a public debate between declared candidates). However, despite the credentials of the new Secretary-General and … More The New Secretary-General, and the Next: Reforming International Appointments
The latest entry in our Reading Mas-Colell blog, on General Equilibrium Theory, has just been published here, on the INET website.
The Brexit referendum is nothing less than an earthquake. But when an earthquake happens, seismologists try to understand how and why the tectonic plates had been shifting, and the pressures that had been building to bring about the event. The causes underlying every earthquake are specific in how they come together, even if they are … More Brexit: The Tectonic Plates
Video of the worldwide launch of the Global Consumption and Income Project on April 15th, 2016 in New York, featuring an introduction by our team and distinguished scholarly and institutional commentators, is now available! Thanks to Prof. Donald Robotham of the Advanced Research Collaborative at the Graduate Center of the City University of New York … More In case you missed the launch…
On April 15th, 2016, we will hold an open public event in New York to launch the Global Consumption and Income Project, making the unprecedented data on material living standards that we have collected for the first time freely available to all users. The datasets we have constructed describe the levels of income and consumption of the populations … More World Data! Introducing the Global Consumption and Income Project
There has been a lot of crowing in recent years about the so-called global middle class. Does such a thing really exist? If so, how many people belong to it and where do they live? My colleagues and I, in the Global Consumption and Income Project, attempt in our most recent paper to distinguish different concepts of the … More The global ‘middle class’: don’t believe the hype!