Jean Tirole and "MIT Theory"

3 novembre 2014Lones Smith

Retrospective insights on Jean Tirole as the exemplar of "MIT Theory"

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Remembering Stan Reiter

27 settembre 2014michael suk-young chwe

My teacher Stan Reiter passed away back in August. Stan was one of the most important figures in the development of mathematical economic theory in the 20th century but I remember him most for his grace and kindness.

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Un giorno triste triste triste

5 maggio 2014alberto bisin e giorgio topa

Ieri è mancato Gary Becker. Gli dobbiamo moltissimo, intellettualmente, professionalmente e personalmente. Gli vogliamo molto bene. Il ricordo che segue è molto personale, frammentato, e incoerente - con la speranza che il tutto sia superiore alle parti e ne esca un suo ritratto ragionevolmente somigliante. Lo scriviamo a lui e per lui - non vogliamo scrivere alle sue spalle - e quindi non possiamo che farlo in inglese.

Gary Becker passed away yesterday. We owe him a great deal, intellectually, professionally, and personally. We love him dearly. The following memories are very personal, fragmented, and incoherent - but hopefully the sum will turn out greater than its parts and a reasonably close portrait of his will come out. We are writing this to him, for him - certainly not behind his back - and hence it can't be other than in English.

We wrote separately and independently (sorry for any repetitions) - we felt we needed to. 

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Beer and Economics at NYU: On the Ivory Tower

14 aprile 2014alberto bisin

A few times a year NYU econ graduate students organize a "beer and economics" meeting where they eat (pizza) drink (beer) and listen to a faculty member they invite. A few days ago it was my turn. Not an easy endeavor, following on the footsteps of Tom Sargent and David Pearce. So I had to prepare - and here's the outcome. (Be lenient in your judgment; stand-up's not my forte). Here's how it went. 

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So Long, Mr. Renzi.

14 febbraio 2014giulio zanella

Another Italian leader irremediably lost in transition. Overnight.

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Legalize Marjiuana? The costs.

13 maggio 2011david k. levine e salvatore modica

There is a simple point about legalizing marijuana that seems not to have made it into the debate.

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Running (almost) on Empty

10 marzo 2011fabio scacciavillani

While attention is focused on the domino effect in the Southern Shore of the Mediterranean Sea, another domino piece in a different game is about to fall on the Northern Shore. At yesterday's auction for 1 billion euro Portuguese 2 year bonds the average interest rate was almost 6%. Meanwhile the 5 year rate is above 7.6%. A simple spreadsheet shows that if the current interest rates do not fall substantially Portugal's situation is unsustainable, i.e. the debt to GDP ratio will keep climbing relentlessly.

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Analysis From Tehran

18 giugno 2009redattori noiseFromAmeriKa

We received and gladly publish this analysis, from a reader whose identity, for obvious reason, we will keep anonymous.

Traduzione italiana disponibile cliccando sulla bandierina accanto al titolo

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How to improve the Geithner plan

1 aprile 2009sandro brusco

To avoid overpaying the toxic assets the plan should ask the bank managers to contribute, alongside the FDIC and the Fed, to the debt financing of private investors. To reduce the risks for the public the plan should ask the banks to put their earnings as collateral of the loans.

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The ''new'' Geithner plan

22 marzo 2009sandro brusco

The new plan to rescue banks, as described by the New York Times, looks a lot like all the older plans. The basic idea seems to be always the same: overpay the toxic assets using taxpayers' money.

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