Author Archives: mkevane

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About mkevane

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

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

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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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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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