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Tales, thoughts and policy reflections from wannabe economists (that met) at the Graduate Institute in Geneva
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We are the wannabe economists of the Graduate Institute of International and Development Studies in Geneva. We use this blog to share out thoughts on the world economy and the rest. So...here's our musings and policy reflections.
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2008
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April
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- Globalization and cultural convergence
- To Smoke or not to Smoke – A Comment in Two Acts
- Pirates and Business
- Economics blogs
- Lost in Translation
- Homer's favourite magazine
- The Swissmakers
- A bad allocation of talent
- Idiocracy
- Choice architecture
- Humans are in essence evil
- Weak Instruments and Weak Identification
- I will regress
- Beers, rats and cinema in the lovely Rigot's after...
- Rising Food Prices
- Pollution
- Our Brand is Crisis Democracy for sale: This docu...
- Only one "champagne" will survive
- Economic Gangsters
- Rodrik, the World Bank and rising food prices
- Steven Levitt on Human Capital
- Be Kind, Rewind
- Are Sovereign Debt Crises Fundamentals Decoupling ...
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April
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Study at the Institute
If you like Rigotnomics, you (may) want to study economics at the Graduate Institute.
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pierre-louis.vezina (at) graduateinstitute.ch
4 comments:
That's a very interesting article from Rodrik. The last paragraph of the article, concerning the heterogeneous effects of rising food prices, reminds me of an article from The Economist last week:
http://www.economist.com/world/international/
displaystory.cfm?story_id=10925518
Rodrik is the Micheal Moore of economists. He always complain without saying anything...
mmmm, the numbers presented by Rodrik have to reading with caution. The paper he cited, that summarizes some DGE model simulations, conclude: "Of interest to those concerned that poor consumers would face higher food bills
are the changes that might be expected in average food prices in international markets under the
various Doha scenarios. Table 5 shows that for agriculture as a whole, prices would rise less than
2 percent over the ten-year phase-in period. The changes could be as high as 12 percent for dairy
products, 6 percent for cotton, and 3-4 percent for coarse grains, oilseeds, sugar and meat, but
well under 2 percent for other farm products. Thus the annual change in basic food prices at the
retail level would hardly be discernable even to poor consumers, thanks to the supply
responsiveness of farmers to the increases in market access opportunities when agricultural
subsidies and tariffs are reduced".
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