Timely measurement of the state of the economy relies traditionally on low-frequency observations of a few economic aggregates that refer to previous weeks, months, or even quarters. A prominent example is the advance estimate of GDP released quarterly about a month after the end of the quarter.
Distilling the macroeconomic news flow
Alessandro Beber, Michael W Brandt, Maurizio Luisi, 19 April 2013
To cut or not to cut, that is the (central banks') question: In search of neutral interest rates in Latin America
Nicolas Magud, Evridiki Tsounta, 16 January 2013
An increasing number of Latin American countries have been strengthening their monetary policy frameworks, using the monetary policy rate as their main instrument since the late 1990s.
Looking beyond the incumbent: The effects of exposing corruption on electoral outcomes
Ana De La O, Alberto Chong, Dean Karlan, Léonard Wantchékon, 23 January 2012
Vox readers can download CEPR Discussion Paper 8790 for free here.
The Nobel Prize: What is mechanism design and why does it matter for policy-making?
Patrick Legros, Estelle Cantillon, 18 October 2007
On Monday, Leonid Hurwicz, Eric Maskin and Roger Myerson were awarded the 2007 Nobel Prize in Economics for their contributions to mechanism design theory. To the non-economist, mechanism design theory seems to be a highly abstract construct: technically impressive, perhaps, but with little relevance to policy and everyday life.
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