For reading while watching the Saints and Colts win:
1. Reconfirm Bernanke. And also here.
2. Global inequality has decreased enormously. Why don't people talk about this more?
3. Clive Crook on the U.S. and European models.
4. Whole Foods founder John Mackey has a LOT of faith in capitalism.
5. European Commission: "Euro imbalances weaken trust in the euro and endanger the cohesion of the monetary union."
6. Mike Rorty on Glass-Seagall, and here, and here.
IPE @ UNC
IPE@UNC is a group blog maintained by faculty and graduate students in the Department of Political Science at the University of North Carolina at Chapel Hill. The opinions expressed on these pages are our own, and have nothing to do with UNC.
Bookshelf
Tags
Academia Adjustment Afghanistan Africa AIG America Argentina Austerity Bailout Banking Bargaining Basel Bernanke Bias Blogging Business cycle; recession; financial crisis Cap and Trade capital controls capital flows central banks; moral hazard Chavez China China Trade Climate Change Contentious Politics Cuba Currencies Currency Crises; financial crisis Current Account Data Debt Debt; China; United States; Decession Politics Decoupling Deflation democracy Democrats; Trade policy development Diplomacy Dollar; China; Currency Manipulation; Exchange Rates dollar; exchange rate policy ECB ECB; Fed; Monetary Policy Economic Growth Economics Egypt election EMU; monetary union Environment EU; Agriculture; Common Agricultural Policy Euro Europe; labor; immigration European Union Exchange Rates Farm Bill; Agriculture FDI Fed; Monetary Policy finance financial crisis financial crisis; subprime Fiscal Policy; monetary policy; elections Fiscal Stimulus Foreign Aid Foreign Policy France Free Trade Agreements G-20 G20 Summit Game Theory Germany global recession globalization Grand Theory Great Britain Greece health care reform Hegemony Human Rights Iceland imbalance IMF immigration Incentives income distribution income inequality; globalization India Inequality inflation institutions Interests international finance International Law International Monetary System International Relations Investment IPE Iran Iraq Ireland ISA Italy Japan labor markets Latin America Libya Macroeconomics Marxism Mexico Microfinance Miscellany monetary policy Monetary policy; Federal Reserve moral hazard Narcissism Networks Nobelist Smackdown North Korea Obama Oil PIGS Pirates Political Economy Political Methodology Political Science Political Survival Political Theory Power Protectionism Protests Public Choice Public opinion Rational Choice regulation Research Review Russia Sanctions Security Dilemma security threats Soccer Social Science Sovereign Debt Spain Sports Statistics stock markets Systems Tariffs TARP Taxes TBTF Technocracy technology terrorism Trade trade policy UNC Unemployment United States US-South Korea Venezuela WTO WTO; Doha
Blog Archive
-
▼
2010
(478)
-
▼
January
(61)
- Somali Pirates: 21st-Century Robin Hood?
- "Too Big to Fail" vs. "Too Small So We Failed"
- Obama Finally Talks About Trade
- Interview Research in Political Science Conference
- The Strategic Logic of American Senators
- The Strategic Logic of American Jihadists
- Zero-Value Bribes (Or, The New Testament in India)
- Strange Bedfellows
- Berlusconi Gets OWNED!
- Bernanke Update
- The Rise of Open Access
- Some Optimism at the IMF
- Awesome
- Just How Socialist Is Latin America?
- The Prisoner's Dilemma in Banking
- 230,000,000% inflation to 1%...HOW?!
- Wait, What Year Is It?
- How the Chinese One-Child Policy Caused the Financ...
- Extra! Extra! Obama Is a Politician!
- The Definition of Hubris
- Sunday Links
- Would 'Civil Unions' Undermine Traditional Marriage?
- All Some Politics Is Local National
- Chavez: U.S. Purposefully Caused Haiti Earthquake ...
- O Canada
- Ouch!
- A "Gender and Foreign Policy" Reading List
- The Obama/Volcker Regulation Plan
- Not a Good Trend
- That SCOTUS Decision
- Q. What Gets Poorer the More It Gets Richer?
- More on TBTF
- Was Kant Right All Along?
- The Changing Europe
- Against Punitive Populism
- True or False?
- A Test of "Soccer Violence"
- Sunday Links
- The Intellectual Drift of Thomas Friedman
- Stop Giving Money to Haiti
- Why We Shouldn't Be Worried About Inflation... Yet
- The Bank Tax
- Best Paragraphs I've Read Today...
- The Fed's Profit
- Why Aren't Political Scientists More Visible?
- On Krugman on China
- No, We're Not Myopic
- Hugo is at it Again
- Sunday Links
- Nobody Could Have Seen This Coming
- Why Blog?
- The American Public: Only Half-Stupid
- Adjustment in the Eurozone
- Did You Know?
- Carolina #1!
- The Russian War on Drugs
- Sentences to Ponder
- Sick of Hearing About Climate Change?
- Sunday Links
- Moneyballing Hollywood
- In Which "Public Citizens" Support the Further Imp...
-
▼
January
(61)
Sunday, January 24, 2010
Sunday Links
Subscribe to:
Post Comments (Atom)
5 comments:
Young Kindred, the reason why Sala-i-Martin's inequality statistics don't get more attention is because his stuff is methodologically suspect and far more optimistic than everyone else's.
Among others, Branko Milanovic, author of the definitive book on the topic, should get to this latest Sala-i-Martin-ism in due course. For now, take it with a grain of salt like everyone else does (except for the cheerleaders).
Emmanuel, Wizened IPE Buzzard Against Rah-Rah
Thanks for the tip to the Milanovic article. The link to the paper was broken (and I don't have time to read it right now anyway), but it seems to be saying that there is a high probability of measurement error at work. But if so, would that be unique to Sala-i-Martin's analysis? Won't the same problems plague other studies as well? The downsides of Gini and similar measures are also well-known.
I'm not saying that Solow's growth model is exactly right, but is it really so controversial to suggest that there has been *some* convergence since 1970? If not, then inequality will have declined.
So maybe it would be best to conclude that global inequality has declined, just not as much as the cheerleaders claim?
Sala-i-Martin makes assumptions others believe require too much of a leap of faith.
As for reductions in inequality in the general literature, it depends how you measure it.
Everyone makes assumptions, Emmanuel. Milanovic, for example, assumes that concepts 1 and 2 are better approximations of true inequality that concept 3 because concept 3 has measurement error. Yet, concepts 1 and 2 are just imperfect measures of what we really care about, which is concept 3. Thus, why is his measurement error less worrisome to you?
I'm not sure why you believe Brankovic is definitive. Have you read
Firebaugh, Glenn. 2003. The New Geography of Income Inequality. Cambridge: Harvard University Press.
Hello Dr. Oatley,
If you read the paper I've linked to above, Milanovic doesn't conclude that Concept 3 is inferior to Concept 2. What he does say are that (a) Sala-i-Martin's version of Concept 3 is nearly indistiguishable from everyone else's Concept 2 and (b) Sala-i-Martin is the most optimistic outlier when generating Concept 3 measurements.
These criticisms still hold. See Milanovic's recent take on inequality using the 2005 PPPs and compare it to Sala-i-Martin's.
Milanovic commands respect from both authors of the left and the right while Sala-i-Martin tends to attract criticism from the former. See our own Robert Wade or Pogge and Reddy also at Columbia. If Milanovic is as close to plain vanilla among economists studying poverty and inequality, Sala-i-Martin is regarded as...chocolate fudge! As always, caveat emptor.
Post a Comment