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Cái chết của một tổ chức văn hóa
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Đối với những ai quan tâm tới lĩnh vực văn hóa học thuật Việt Nam chắc không khỏi buồn lòng khi nghe tin Quỹ văn hóa Phan Châu Trinh đã chính thức ngưng hoạt động. Bản thông báo được bà Chủ tịch Nguyễn Thị Bình ký ngày 20 tháng 2 năm 2019 và phát hành rộng rãi vào ngày 23 tháng này. Một trong những nội dung cho biết “11 năm hoạt động cho phép Quỹ Văn hóa Phan Châu Trinh vui mừng trước những thành quả bước đầu ấy trong việc khởi phát tinh thần “Hưng dân trí, chấn dân khí”. Nay do một số điều kiện khách quan, chúng tôi xin trân trọng Thông báo chấm dứt mọi hoạt động của Quỹ Văn hóa Phan Châu Trinh kể từ ngày công bố Thông báo này”. Phải công nhận rằng Quỹ Văn hóa Phan Châu Trinh là một tổ chức được hình thành và hoạt động rất bài bản chuyên nghiệp, tập trung một số nhân sĩ trí thức cùng mục tiêu khai sáng tầm nhìn của người dân qua Giải thưởng văn hóa Phan Châu Trinh một giải thưởng được Nhà xuất bản Tri Thức và Quỹ Văn hóa Phan Châu Trinh trao hằng năm cho các cá nh...
Why is macroeconomics so hard to teach?
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LAST month Nick Rowe had a bad dream. It was five minutes before the first class of the autumn term at Carleton University in Ottawa, where he has long taught macroeconomics. But he could not find the classroom. Then he woke up and remembered with relief that he had just retired. Learning macro is a source of anxiety for many students. Teaching it can give their professors the jitters, too. The subject is notoriously difficult to explain well. During his 37 years at Carleton Mr Rowe remained, by his own admission, “fairly low down the totem pole” as a researcher. But he became a thunderbird at conveying macroeconomic intuition. In the past decade this served him well in his second intellectual career, contributing to Worthwhile Canadian Initiative, an economics blog. Many a controversy has benefited from one of his ingenious analogies or numerical parables, usually involving some kind of fruit. Professors may find themselves ill-prepared for the macro...
Why Is the Fed Still Raising Interest Rates? | by Martin Feldstein
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https://www.project-syndicate.org/commentary/three-reasons-for-fed-interest-rate-increases-by-martin-feldstein-2018-12?fbclid=IwAR2zGije7NQYxemP7CGSSISGqGWec01fhlHn_cTdBm_Pr4FLoqG2HLETEw4 Given that the US Federal Reserve has long said that its interest-rate policy is “data dependent,” why has it pressed ahead with monetary tightening in the face of worsening economic indicators? Three reasons stand out. CAMBRIDGE – Earlier this month, the US Federal Reserve’s policy-setting Federal Open Market Committee (FOMC) voted unanimously to increase the short-term interest rate by a quarter of a percentage point, taking it from 2.25% to 2.5%. This was the fourth increase in 12 months, a sequence that had been projected a year ago, and the FOMC members also indicated that there would be two more quarter-point increases in 2019. The announcement soon met with widespread disapproval. Critics noted that economic growth has slow...
The future might not belong to China
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Source: http://www.viet-studies.com/kinhte/FutureNotChina_FT.pdf Do not extrapolate from the recent past. China has had a hugely impressive four decades. After their triumph in the cold war, both the west and the cause of liberal democracy have stumbled. Should we conclude that an autocratic China is sure to become the world’s dominant power in the next few decades? My answer is: no. That is a possible future, not a certain one. The view widely held in the 1980s that Japan would be “number one” turned out to be badly mistaken. In 1956, Nikita Khrushchev, then first secretary of the communist party of the Soviet Union, told the west that “We will bury you!” He proved utterly wrong. The examples of Japan and the Soviet Union highlight three frequent mistakes: extrapolating from the recent past......
Robust Measures of Core Inflation for Vietnam - Lạm phát lõi ở VN.
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Source: http://www.viet-studies.com/kinhte/CoreInflationVN_August%202018.pdf The paper develops robust measures of core inflation for Vietnam that can be used in policy-making. These core inflation measures (CIMs) are based on an analytical evaluation of the inflation process in the country, and use a filtering approach to narrow down potential measures that satisfy certain empirically desirable criteria. The study finds that commonly used exclusion-based measures (EBMs) do not perform well against these empirical criteria; trimmed mean measures (TMMs) do better. Among TMMs, “one trim does not fit all periods” — periods of high and variable inflation require larger trims, and vice versa. The econometric computer programmes employed in the paper allow for quick and timely replication of CIMs as new data become available, making them valuable tools for the State Bank of Vietnam. These procedures and programmes can also be ...
How to bring ethics and morality to capitalism
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washingtonpost.com Review | How to bring ethics and morality to capitalism By Steven Pearlstein Steven Pearlstein Email Bio Follow Columnist December 20 12-15 minutes Review A professional critic’s assessment of a service, product, performance, or artistic or literary work Steven Pearlstein is a Washington Post business and economics columnist. He is also Robinson Professor of Public Affairs at George Mason University and author of “Can American Capitalism Survive?” Brexit protesters outside Parliament in London this month. Britain’s plan to leave the European Union is just one global development causing economists to reexamine capitalism’s defects. (Photo by Christopher Furlong/Getty Images) What with Trump and Brexit and the turn toward authoritarianism in Brazil and Eastern Europe, there has recently been a lot of book-length handwringing about the future of democr...