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Mostly Economics

This blog covers research work in Economics with focus on India.

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Can structural reforms unleash private investment?

Christos Mavrogiannis, Nico Zorell and Christoph Zwick in this new ECB paper discusses the impact of structural reforms on the private investments: This paper examines the impact of labour and product market reforms on private investment across 26 advanced economies from 1975 to 2020. To this end, we combine a narrative database on major structural [ ]

The Small-Change Problem and Token Money

Roger Svensson of Research Institute of Industrial Economics (IFN) in this paper discusses the small change problem from a historical lens: This chapter analyses the historical and economic logic of small-denomination coin production and circulation from antiquity to the early modern period. The persistent problem of small-change shortages is primarily attributed to the disproportionately high [ ]

A Teacher Writes to Students Series (74): Good Knowledge

A Teacher Writes to Students Series (74): Good Knowledge Annavajhula J C Bose, PhD Former Professor, Department of Economics, SRCC, DU According to the International Economic Association, “Economists must adhere to the highest standards of honesty and integrity in their work. They must always act ethically, honestly and with integrity.” And according to the American [ ]

Alexander Hamilton: The Father of Canadian Banking?

Museum of American Finance in its quarterly magazine has an interesting article by Joe Martin, President emeritus of the Canadian Business History Association: In the late 19th century, Adam Shortt, Canada’s “first economist,” wrote an article for the Journal of the Canadian Bankers Association in which he concluded, “The father of the Canadian banking system [ ]

Reconstructing 128 years history of U.S. Corporate Bonds: Credit Risk in Historical Perspective

Mohammad Ghaderi, Sébastien Plante, Nikolai Roussanov Sang Byung Seo in this NBER paper trace 128 year history of US corporate bonds: Do corporate bond investors earn compensation for bearing credit risk? We construct a new historical corporate bond database spanning 128 years to estimate a corporate bond counterpart to the equity risk premium. Combining [ ]

The GREATEST cabinet in American history!

US Department of Education has put a picture on its Facebook page of the current cabinet calling it the GREATEST cabinet in American history. Some of the comments are hillarious! I mean if you are greatest, people will call you the same. You can t just declare yourself greatest. As this blog keeps saying, all these [ ]

How Earth’s night lights became our most honest economist

Fascinating article by Frank Jacobs of Big Think. He points how a Cold War accident became a reliable tool for using artificial lights at night to map GDP, poverty, urban sprawl, and even illegal fishing: In the 1960s, the U.S. Air Force launched a constellation of weather satellites under the Defense Meteorological Satellite Program. The satellites [ ]

The Failed Promise of Higher Education

Azim Premji University researchers have released State of Working India 2026 Report. They summarise the findings of the report on TheIndiaForum: For nearly four decades, Indian families have invested unprecedented sums in higher education, convinced that degrees will deliver secure, salaried employment. Today, that promise is increasingly difficult to keep. As graduate earnings stagnate and [ ]

From oil to electrons: lessons for Europe from the 1970s energy crises

Daniela Arlia and John Hutchinson on ECB blog compare inflation shocks of 1970s with inflation shocks of today: Europe is once again confronting the macroeconomic consequences of its dependence on imported energy. This is not a new challenge. Much of the history of inflation since the 1970s has been shaped by large swings in oil [ ]

Reading and comparing central banks’s balance sheets since 1891

Banque De France employed multilingual economists to copy out the weekly and monthly accounts of every other central bank in the world. The documents are digitized now leading to fascinating research by Guillaume Bazot, Eric Monnet and Matthias Morys. One of the authors Eric Monnet speaks to Tim Phillips of voxeu: Recorded at the PSE-CEPR [ ]