Author Archives: mkevane

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About mkevane

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

Teaching macroeconomics: Why has the ECB introduced a negative interest rate?

Pretty gosh darn clear explanation.  Get that money working.  If you earn nothing (or negative return) then you are more likely to lend the funds to someone who is actually going to do something (start a restaurant, expand a cleaning … Continue reading

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Air Algérie crash takes owners of Hotel Ricardo

The sad news from the crash.  Among many others, the owners of the Hotel Ricardo lost their lives.  Leslie and I both knew Paulina, who worked for a long time as the nurse at the U.S. Embassy. She was a … Continue reading

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Teaching Macroeconomics: the long-term unemployed

From NY Times: The long-term unemployment rate, which soared in 2009 to heights not seen since the Great Depression, is finally declining rapidly. The proportion of the work force that has been unemployed for at least 27 weeks has fallen … Continue reading

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Nice short film on GMO cotton in Burkina Faso

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Sad news from Sierra Leone

In the past several months, Dr. Sheik Umar Khan has been a leader in the fight against the deadliest and largest Ebola outbreak in history.Khan, 39, has treated over 100 Ebola patients in Sierra Leone. He’s a “national hero,” the … Continue reading

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Teaching macroeconomics: IMF macroeconomic forecasts, how credible?

The International Monetary Fund’s projections for Gross Domestic Product GDP growth in Argentina since 1999, and in Venezuela since 2003, contain a pattern of large errors that raises serious questions about the objectivity of these estimates. In Argentina, the IMF … Continue reading

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Annihilation by Jeff VanderMeer

My friend Bill Sundstrom recommended it. Quite interesting to read. The style is different from the usual science fiction. Deeply moody and elliptical. The strange Area X the narrator finds herself in is like her “pool gone wild” that she … Continue reading

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Paul Krugman… “look at Japan”

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Teaching macroeconomics: Upwards sloping AS curve

Sal Khan does a nice job explaining the graph itself and starting at 6:00 explaining the intuition/justification. Short run aggregate supply: Justifications for the aggregate supply curve to be upward sloping in the short-run

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Over and over: Miranda July reading the part of the piano teacher

“I saw you.”  “I saw you,” she says. You have to listen to The New Yorker podcast of her reading the story “Prizes” by Janet Frame.

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Teaching Macroeconomics: Taylor Rule monetary policy really is good

Our evidence that, regardless of the policy rule or the loss function, economic performance in rules-based eras is always better than economic performance in discretionary eras supports the concept of a Directive Policy Rule chosen by the Fed. But our … Continue reading

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Wussy Duo

Bandcamp alerted me that Wussy Duo has an EP available online. It’s pretty nice. This was a limited hand-made release for Record Store Day 2013. The physical version is now out of print, so we’ve made it available digitally. Words … Continue reading

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Teaching macroeconomics: Monetary policy and asset bubbles

Economist’s View has a quick summary of a relevant paper by Jordi Galí on monetary policy and rational asset price bubbles: What’s the key mechanism working against the traditional “lean against the wind” policy? That rational bubbles grow at the … Continue reading

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Le Balai citoyen meets with U.S. ambassador to Burkina… and some citizens comment

I really like that the ambassador is taking his role incredibly seriously… getting to know people civil society organizations is really important.  This is great! Plus d’une heure 30 minutes, c’est le temps qu’a duré la rencontre entre l’ambassadeur, et … Continue reading

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Why a corporation isn’t like a person

Imagine if you went to a neighbor and asked to borrow a rake, and the neighbor said “Sure thing, but hey the rake is valuable, so how about paying me $5 a month for it?” and you said “OK that … Continue reading

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Teaching macroeconomics: Dilemma of monetary policy

Here’s the predicament that Ms. Yellen and other top policy makers face. The last two U.S. recessions have been caused by the popping of asset bubbles first the stock market in 2000, then housing in 2007.Meanwhile, the mission they are … Continue reading

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Allegra Goodman’s story “Apple Cake” in The New Yorker

I really liked this story, and enjoyed reading some comments over at Mookse, so I even posted, fearfully, my own comment, reproduced below.  Enjoy the story (which you can read online at Mookse). I’ve been a long time quiet Mookse … Continue reading

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Only one possible gut reaction to this: Expletive

At a White House meeting on working families last month, Mr. Obama included Ms. Wojcicki — who has two young children with her husband, the Google co-founder Sergey Brin, from whom she is separated — in a discussion of workplace … Continue reading

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In which I prove myself a critic

Placid, indeed, was the right word. The old man considered, placidly. via Chapter I. James, Henry. 1917. The Portrait of a Lady. Vol. XI. Harvard Classics Shelf of Fiction.

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New bednets on trial in Burkina Faso

In June 2014, the first clinical trial of a new type of bednet, Olyset® Duo produced by Sumitomo Chemical Company began in the Banfora region of Burkina Faso. This bednet contains two chemicals: a conventional pyrethroid insecticide to rapidly kill … Continue reading

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