Page 33 - Working Paper News Today

John Bellamy Foster is the editor of Monthly Review and a professor of sociology at the University of Oregon. R. Jamil Jonna is associate editor for communications and production at Monthly Review. Brett Clark is associate editor of Monthly Review and a professor of sociology at the University of Utah. The authors thank John Mage, Craig Medlen, and Fred Magdoff for their assistance. The U.S. economy and society at the start of 2021 is more polarized than it has been at any point since the Ci...

There has been a steady decline in trend inflation in India, the Reserve Bank of India noted in a Working Paper titled "Measuring Trend Inflation in India". The Paper is authored by Harendra Kumar Behera and Michael Debabrata Patra. Central to the design and conduct of monetary policy is the concept of trend inflation, the level to which actual inflation outcomes are expected to converge after short run fluctuations from a variety of sources die out. The paper seeks to estimate trend inflation ...

Zidong An, Prakash Loungani A pre-requisite for good macroeconomic policymaking is timely information on the current state of the economy, particularly when economic activity is changing rapidly. Given that GDP figures are usually only available on a quarterly basis, and that monthly survey-based indicators (such as the Purchasing Managers’ Indices) can become unreliable when changes in economic activity are abrupt and massive, the current crisis has prompted a search for alternative high fre...

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To embed, copy and paste the code into your website or blog: The report, issued by the FCC’s Office of Economics and Analytics, finds that broadband availability has significant positive impacts on crop yields and other farm production metrics.   As part of the Federal Communications Commission’s (FCC’s) efforts to support “precision agriculture” technologies and issues, the agency’s s Office of Economics and Analytics today released a new paper titled “Impact of Broadband Penetr...

Chirantan Chatterjee, Eric Hanushek, Shreekanth Mahendiran Children in many extremely poor, remote regions are growing up illiterate and innumerate despite high reported school enrolment ratios (Pritchett 2013, Glewwe and Muralidharan 2016). This phenomenon of ‘schooling without learning’ has many alleged sources, such as insufficient demand, inadequate schooling materials, and a lack of qualified, motivated teachers. These factors are resulting in a substantial part of developing countrie...

2Robert Schuman Centre for Advanced Studies, European University Institute, Florence, Italy The German citizenship law underwent a paradigmatic amendment in 2000. One often overlooked change of this reform was the abolishment of the domestic clause (“Inlandsklausel”) that implied a substantial restriction to de facto dual citizenship acceptance. Combining data from the German Socio-Economic Panel Study (waves 1993–2006) with original data on origin country policies on dual citizenship and...

Daron Acemoğlu, Pascual Restrepo Some of the biggest development gains in history have been associated with industrialisation. The path of manufacturing-led development has often been facilitated by offshoring and the integration of developing countries into global supply chains.  Recent advances in robotics and machine intelligence have spurred a growing discussion about the prospect of automation substituting for labour in lower-income countries, reducing offshoring and the future scope fo...

Are We Becoming Less Compassionate, Less Fully Human? How Might We Return To What We May Be? “Lord, we know what we are, but know not what we may be” - William Shakespeare (The Tragedy of Hamlet, Prince of Denmark. Act IV, Scene V) THESIS We need to reclaim a compassionate worldview and practice that embraces the interconnectivity and interdependence of individuals, communities, nature and the cosmos. A worldview that encompasses awareness, understanding, reaching out with unconditional acc...

Legislature prohibits cities in the state from raising their minimum wages and nullifies any increases that were already in effect. >> that means the city of st. louis will have to lower their $10 an hour minimum back to the state mandated $7.70. the $10 minimum has only been in effect since may and was set to rise to $11 in january of next year. >> so this is tricky. its complicated because when you talk about minimum wages, obviously it would be perfect if you did it on a national level so tha...