Why the US and EU are failing to set information free

Susan Ariel Aaronson 14 July 2014

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Tim Berners-Lee, the architect of the World Wide Web, taught us that the internet we have is a function of the choices we (users, companies, policymakers, etc.) make about information flows. For example, in 1995, Berners-Lee chose not to patent his work on the World Wide Web because he feared patenting it could limit its universality and openness. He continues to advocate this. In March 2014, he called for an online bill of rights and created a new organisation to ensure that the web would remain the “web we want” – open, free, and neutral.

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Topics:  EU policies Global governance International trade

Tags:  US, EU, WTO, information technology, trade, technology, internet, Human rights, national security, Information, free trade agreements, data protection, privacy

Distilling the macroeconomic news flow

Alessandro Beber, Michael W Brandt, Maurizio Luisi 19 April 2013

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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.

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Topics:  Macroeconomic policy

Tags:  Information, news

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

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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. To decide whether to ease or tighten monetary conditions, policymakers typically compare the policy rate to the (short-run) neutral-interest rate – the rate that is consistent with stable inflation (at the central bank’s target) and a closed output gap. However, this rate can be time-varying as it is affected by changes in macroeconomic fundamentals and global interest rates.

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Topics:  Institutions and economics Macroeconomic policy Microeconomic regulation

Tags:  interest rates, Central Banks, Information

Looking beyond the incumbent: The effects of exposing corruption on electoral outcomes

Ana De La O, Alberto Chong, Dean Karlan, Léonard Wantchékon,

Date Published

Mon, 01/23/2012

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The Nobel Prize: What is mechanism design and why does it matter for policy-making?

Patrick Legros, Estelle Cantillon 18 October 2007

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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. In fact, despite its complexity and mathematical character, mechanism design is deeply embedded in policy.

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Topics:  Competition policy

Tags:  mechanism design, Nobel Prize, incentives, Information, incentives and contracts, Contracts