Author Archives: mkevane

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About mkevane

Economist at Santa Clara University and Director of Friends of African Village Libraries.

Bruce Wydick publishes a novel with a development economics theme, The Taste of Many Mountains

Bruce Wydick has a new book out, a novel with a development economics theme, The Taste of Many Mountains, byHarperCollins imprint Thomas Nelson.  Here is Bruce’s blurb: The book is based on the true story of a group of graduate … Continue reading

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30 ans du nom “Burkina Faso”

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Janet Yellen in 2005: What is obvious to everyone is not a prediction of mine.

Delivery October 18, 2005, almost three years before Lehman bankruptcy, and a full year before housing prices finally did begin their downward spin. In addition to the uncertainties raised by higher energy prices, there are downside risks to economic growth … Continue reading

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Gelman and Loken nail it (for me)…. p-hacking and fishing need to be taken more seriously in Economics

I loved reading this article. The garden of forking paths: Why multiple comparisons can be a problem, even when there is no “fishing expedition” or “p-hacking” and the research hypothesis was posited ahead of time Andrew Gelman and Eric Loken … Continue reading

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Reading fiction and changes in preferences or attitudes

Over email I was having an exchange with someone… thought I would put down some of my thoughts here. I don’t really think it is very much established that reading fiction affects beliefs, at least in the social science sense … Continue reading

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Nice paper on effects of massive education philanthropy on education outcomes…

My only snarky comment: Good thing Jeanes and Rosenwald didn’t decide that the better  intervention was to use “technology” to improve education…. I can hear them… “the manual typewriter is the key to participation in today’s knowledge economy. We’ll provide … Continue reading

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Twelve minutes of Werrason….

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Resisting a semi-authoritarian regime…

Newspaperman Newton Ahmed Barry gets his home and office broken into… My full sympathies, but may I also suggest “the cloud”? Google Drive, Dropbox…. good ways to store documents beyond the reach of thugs. Ils ont coupé une fenêtre pour … Continue reading

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Excellent commentary by Bill Sundstrom on economics publishing

The authors conclude that the top PhD programs are serving their students ill, and I won’t necessarily argue with that. Academia is changing, and the path to tenure at a decent university seems more fraught with hard work and long … Continue reading

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Teaching macro: The money quote in Mishkin and Herbertsson paper on Iceland

OK as I am reading the paper, here is an important sentence (“Goes to intent, your honor”): The result has been a movement toward Iceland’s becoming an international banking center (although on a small scale because the country is, after … Continue reading

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In which I enter the coconut drink craze fray…

I think the craze is over even as news reports blow it way up, because if I am buying it because it is on sale for 99c at Grocery Outlet (pallets full of the stuff) and I am not liking … Continue reading

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Teaching macro: Mishkin and Iceland and “Inside Job”

“Inside Job” filmmaker Charles Ferguson replied to Mishkin: First, Prof Mishkin alleges that I focused exclusively on his report on Iceland. But in an interview in September 2009 lasting more than an hour, and for which I can supply both … Continue reading

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Teaching macro: Preludes to the Icelandic Financial Crisis

Preludes to the Icelandic Financial Crisis Iceland became one of the symbols of the fourth wave of the financial crisis, since the end of the first decade of the twenty-first century. Between 2003 and 2008, the market value of the … Continue reading

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Teaching macro: U.S. Economy Grew at 4% Rate in Second Quarter

The United States economy rebounded heartily in the spring after a dismal winter, the Commerce Department reported on Wednesday, growing at an annual rate of 4 percent from April through June and surpassing economists’ expecations.In its initial estimate for the … Continue reading

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The question many non-econometricians ask themselves, that econometricians hitherto have always obfuscated, now answered….Finite population causal standard errors

When a researcher estimates the parameters of a regression function using information on all 50 states in the United States, or information on all visits to a website, what is the interpretation of the standard errors? Researchers typically report standard … Continue reading

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Teaching macroeconomics: Really bad article from vox.com

After starting with a ridiculous teaser headline (basically, “Janet Yellen doesn’t want you to get a raise”) the article doesn’t get even to an intermediate macroeconomics textbook level. But wage growth contributes to inflation (your pay boost is your customers’ … Continue reading

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Teaching Macroeconomics: Iceland’s crash of 2008

My MBA class is using Mishkin’s macro textbook, and we are exploring his notoriety as author of an analysis of Iceland’s macroeconomy circa 2006. The quote of the day, from Thorvaldur Gylfason: In 2012, senior Central Bank officials testified in … Continue reading

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Great article by Liberian journalist Rodeny Sieh on Ebola etc.

In setting up her task force to deal with the Ebola threat, President Sirleaf says: “We must come together as never before despite of our political, religious and social persuasions, we must show a deep sense of nationalism. We must … Continue reading

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Interesting interview with Salif Diallo now in MPP

Posted in Politics | Comments Off on Interesting interview with Salif Diallo now in MPP

Antidote to “A Separation”

Over the weekend I watched the Iranian movie A Separation. I was talking with an Iranian colleague about how much despair there is in the movie… a man and his daughter deal with the consequences of the wife separating, as … Continue reading

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