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The ‘output gap’: another piece of economic mumbo-jumbo

The ‘output gap’: another piece of economic mumbo-jumbo | AS Micro | Scoop.it
The concept of the 'output gap’ is central to mainstream macroeconomics. It is not merely of academic interest.  The Office for Budget Responsibility (OBR) has a specific requirement to estimate the output gap, which it defines formally as “the difference between the current level of activity in the economy and.

Via Geoff Riley
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Lucrative lifesavers

Lucrative lifesavers | AS Micro | Scoop.it
NEW weapons are emerging in the war on cancer. That is good news not just for patients but also for drug companies. The biggest ones, faced with falling sales as...
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Rescooped by seth christopher from Microeconomics (Theme 1)
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AS Micro - Consumer Surplus in action: Teen buys £105 of groceries for £1.62

AS Micro - Consumer Surplus in action: Teen buys £105 of groceries for £1.62 | AS Micro | Scoop.it
A teenager is saving his mother hundreds of pounds in grocery bills thanks to his savvy shopping techniques.

Via Saint Martin's - Economics
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Too much wheat? Here's what to do - Economic Times

Too much wheat? Here's what to do - Economic Times | AS Micro | Scoop.it
Too much wheat? Here's what to do
Economic Times
State-run agencies now hold around 60 million tonnes of grain, thrice the buffer stock mandated for food security for April. A harvest bounty is expected to add another 60 million tonnes to this pile.
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Rescooped by seth christopher from Wheat World
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Govt set to review buffer stock norms

Govt set to review buffer stock norms | AS Micro | Scoop.it
NEW DELHI: The government is reviewing the norms for keeping buffer stocks of wheat and rice required at a particular time of the year to feed the public distribution system and welfare schemes. ...

Via Victor Kommerell
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Victor Kommerell's curator insight, April 13, 2013 9:56 PM

The really big challenges when doing WHEAT R4D in India: The Indian Gov sets a minimum support price and subsidizes private traders for bulk purchase under the Open Market sale Scheme (OMSS), as part of running its wheat stocks used for food assistance programs.

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Latest UK jobs figures raise the 'productivity puzzle'

Latest UK jobs figures raise the 'productivity puzzle' | AS Micro | Scoop.it
If the economy is shrinking, why have firms continued to create jobs, albeit many of them part-time?
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Bad Java: Poor Coffee Crop Adds to Indonesia's Woes

Bad Java: Poor Coffee Crop Adds to Indonesia's Woes | AS Micro | Scoop.it
Intense rains are cutting exports of Indonesia's robusta beans just as a global coffee glut dampens prices
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Competition for China's dairy market - Stock Journal

Competition for China's dairy market - Stock Journal | AS Micro | Scoop.it
Competition for China's dairy market
Stock Journal
“When there is no buffer for a supply shock, markets respond with high prices.
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Too much wheat? Here's what to do - Economic Times

Too much wheat? Here's what to do - Economic Times | AS Micro | Scoop.it
Too much wheat? Here's what to do
Economic Times
State-run agencies now hold around 60 million tonnes of grain, thrice the buffer stock mandated for food security for April. A harvest bounty is expected to add another 60 million tonnes to this pile.
more...
No comment yet.