Author Archives: mkevane

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About mkevane

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

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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Burkina Faso – most of the country experiencing normal rainy season and cereal prices are lower than last year

In general, there is a near-normal household demand for cereals on local markets, held in check by remaining cereal stocks from previous harvests. Monthly exports to Niger approximately 4,500 metric tons of maize and sorghum and coastal countries approximately 300 … Continue reading →

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The Master by Colm Tóibín

The Master by Colm Tóibín is a novel, based on the “real life” of the novelist Henry James, covering the years 1895-1899.  Tóibín mostly focuses on the inner life of James, as he travels between London and Italy, but mostly … Continue reading →

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U.S. ambassador Tulinabo Mushingi’s comments are having an impact

The question of modifying the constitution to permit President Compaoré to “legally” run for another term now has an American dimension.  As it should.  What is the point of being a partner, and making grants worth $481 million (through the … Continue reading →

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Wait… who is the first-year undergraduate? Dawkins? Or Michael Ruse…

Like every first-year undergraduate in philosophy, Dawkins thinks he can put to rest the causal argument for God’s existence. If God caused the world, then what caused God? Of course the great philosophers, Anselm and Aquinas particularly, are way ahead … Continue reading →

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Teaching macroeconomics: Great profile of Scott Sumner and explanation of monetary policy debates 2014-style

With QE3, which started in late 2012 and continues today, the Fed took a different approach. Instead of announcing a time limit, the Fed made the program open-ended, promising to buy tens of billions of dollars of assets per month … Continue reading →

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