Friday, October 20, 2017

ECON 5505: Topic 1 continued: Globalization, economic divergence, and place-based policies

This coming week's Economist has a leader and briefing on what is causing regional divergence and what to do about it.

Here is the leader:

Here is the briefing:

As you will see, this relates very directly to the Chakravarty-Dehejia research on regional inequality, with the difference that the Economist is focussing on advanced rather than emerging economies.

Thursday, October 19, 2017

ECON 5505: Topic 4 continued: Debates Around Macro, Trade, and Finance

Proceedings of this recent conference organized by Olivier Blanchard and Lawrence Summers at Peterson Institute in Washington, DC (videos, papers, slide decks) are highly recommended.

Friday, October 6, 2017

ECON 5505: Topic 4: Debates around Global Money and Finance


Vivek Dehejia, “Illusions bred by a reserve currency”, Mint, July 17, 2014. Available here: PYlOLpqmSTcMFc5qhLB8TP/Illusions-bred-by-a-reserve-currency.html .

_____, “Greece, Germany, and the economics of currency unions”, Mint on Sunday, May 3, 2015. Available here: Sundayapp/VPzcnylIMGmdvgHTFpX5xJ/Greece-Germany-and-theeconomics-of-currency-unions.html . ALSO READ ALL THE EMBEDDED LINKS
. _____, “The perils of cheap money”, Mint, July 19, 2015. Available here: .

_____, “Inflation targeting and the evolution of monetary policy”, Mint on Sunday, August 2, 2015. Available here: Sundayapp/b6dtiEFyLTGFikJmZ5qZfJ/Inflation-targeting-and-theevolution-of-monetary-policy.html . ALSO READ ALL THE EMBEDDED LINKS.

 _____, “Contagion and spillovers in the world of finance”, August 30, 2015. Available here: nc7XnCRlLfp2HUIuoCi0xK/Contagion-and-spillovers-in-the-world-offinance.html . ALSO READ ALL THE EMBEDDED LINKS.

 _____, “Time for a world currency?”, Mint, April 11, 2016. Available here: . _____, “Why have capital flows to emerging economies slowed down?”, Mint on Sunday, May 14, 2016. Available here: Sundayapp/MVBM3Enk5ZDtzYN2697buM/Why-have-capital-flows-toemerging-markets-slowed-down.html . ALSO READ ALL THE EMBEDDED LINKS.
 _____, “The genius of Robert Mundell”, Mint, July 18, 2016. Available here: .

 _____, “The currency question”, Mint, August 15, 2016. Available here: .

The Economist, “The Mundell-Fleming Trilemma: Two out of three ain’t bad”, August 27, 2016, available here: economics-brief/21705672-fixed-exchange-rate-monetary-autonomy-andfree-flow-capital-are-incompatible .

Vivek Dehejia _____, “Decoding inflation in India”, Mint on Sunday, September 4, 2016. Available here: nWV9n2mle4QboagcYO5XSK/The-roots-of-inflation-in-India.html . ALSO READ ALL THE EMBEDDED LINKS. 

Friday, September 22, 2017

ECON 5505: Topic 3: Development-Induced Development

Jay Drydyk, "The Centrality of Empowerment in Development-Induced Displacement and Resettlement: An Ethical Perspective", Chapter 6 in Development-Induced Displacement and Resettlement: New Perspectives on Persisting Problems, ed. Narae Choi and Irge Satiroglu (Routledge 2015). The book is available as an e-book at the Carleton University Library for registered users while on campus, or log in via VPN from off campus.

Tuesday, September 19, 2017

ECON 5505: Topic 2: Introduction to Debates around Globalization and Development

James Dean, Vivek Dehejia, et. al., “Optimal globalization and national welfare”, Carleton Economics Papers, 2004-17, November 2004. Available here: .

James Dean, “Paradoxes and Puzzles in our globalized world”, Carleton Economics Papers, 2006-7, October 2006. Available here: http:// .

Vivek Dehejia, “Economic Reforms in India in the Narendra Modi Era”, Lecture at the School of Advanced International Studies, Johns Hopkins University, Washington, DC, December 7, 2015. Available here: https:// . [VIDEO]

James Dean and Vivek Dehejia in conversation on “The paradoxes of debt”, IDFC Institute, Mumbai, India, January 14, 2016. Available here: https:// . [VIDEO]

Arvind Panagariya and Vivek Dehejia in conversation on economic policymaking in India, IDFC Institute, Mumbai, India, July 4, 2016. Available here: . [VIDEO]

Vivek Dehejia, “Is globalism dead?”, Mint, August 1, 2016. Available here: .

James Dean and Vivek Dehejia, “By ignoring free trade’s excesses, we lost those on the margins”, Globe and Mail, Report on Business Commentary, August 27, 2016. Available here: .

James Dean and Vivek Dehejia, "Is the world retreating from globalization?", IDFC Institute Briefing Paper No. 4, February, 2017. Available here: .

Friday, September 8, 2017

ECON 5505: Topic 1: Readings on economic divergence research by Chakravarty and Dehejia

For students in ECON 5505, please make note of the following readings for our first topic. This draws on my ongoing research with Praveen Chakravarty. Kindly do the original readings and pertinent references cited therein. Assignment will be discussed in class.

Chakravarty/Dehejia, Economic and Political Weekly.

Chakravarty/Dehejia, Hindu Centre for Politics and Public Policy.

Economist, September 2nd 2017 issue, "The gap between India's richer and poorer states is widening".