07 | October | 2014 | Mostly Economics

Archive for October 7th, 2014

Skills of Keynes as a fund manager…

October 7, 2014

David Chambers, Elroy Dimson and Justin Foo have this interesting paper on Keynes and his skills in fund management. It is kind of known that he was quite skillful at managing money and left a fortune at the end. He could not see the depression and lost a lot of miney but at the end of the day (EoD as called by market guys), he was in positive.

This paper tracks how Keynes managed the endowment fund of King’s College. Keynes was a bursar of the college and responsible for the endowment.Keynes shifted the fund allocation from real estate to equities and till date Kings has higher asset allocation towards equities compared to other colleges:

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Posted in Academic research & research papers, Economics - macro, micro etc, Economist, Financial Markets/ Finance | Leave a Comment »

Has China’s monetary policy become more “standardized”?

October 7, 2014

The title should actually read Has China’s monetary policy become more “advance country like”? I mean whatever they do is deemed as a standard even when they are all wrong on the matter.

Anyways, this note by John Fernald, Eric Hsu, and Mark Spiegel look at how Chinese mon pol has evolved over the years. The changes in Chinese economy have led monetary policy to react just like it does in the west:

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Posted in Academic research & research papers, Central Banks / Monetary Policy, Economics - macro, micro etc, Economist, Financial Markets/ Finance | 1 Comment »

Great news for Yellen…one in six Americans think Greenspan still runs the Fed

October 7, 2014

The survey is highly limited as it was polled across 1002 adults. That is too small really to draw results.

Nevertheless, it seems Yellen is doing a great job as just 24% could recognise Yellen. So much so, around 16% of Americans still think that Greenspan is running the Fed. Bernanke did a better job of being recognised with 33% recognising him in a survey in 2009.

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