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Thursday, March 31, 2011

What Is The Position Of Your Cervix

Peru Free Trade Agreement with Mexico. We must analyze how to balance the Balance

For Secretary of Economy of Mexico , Lawyer Bruno Ferrari, the agreements that lead to the signing of the FTA between Mexico and Peru, will be beneficial for Mexico, and now exports to Peru generate 23,000 jobs, the new FTA will increase by 17,000 additional jobs. Let's see how true is this.

First go see comparatively as Mexico and Peru in numbers (the year 2009):

GDP (Million U.S. $)

Mexico: 874,903 ----------

Peru: ------------ 126,938

Population (in millions of inhabitants in 2009).

Mexico: 108 ----------

Peru: ------------- 29

GDP per capita (U.S. $ thousand)

Mexico: 8135 ----------

Peru: 4355 ------------

C omo see Mexico's economy is more than 5 times higher than the Peruvian Then today as Peruvian exports go to Mexico:

Exports (FOB - Thousands of U.S. $ per year 2009). Traditional

: 132,081

(mining: 88.9%, other fuels and other raw)

Nontraditional: 110,443

(Paprika: 15.9% Wood and derivatives 27.5%, other minor)

Imports (CIF - Thousands of U.S. $ per year 2009)

Electronics / Electrical: 10.5%

Mobile and other: 8%

transport equipment, 5.9%

industrial Processing: 5%

assembled vehicles: 3.5%

Drug: 2.6%

Other manufactured goods .

Total Imports CIF (U.S. $ thousand): 734,929

Netherlands these figures the ratio of Mexico-Peru trade, it is obvious to see that job creation will to give in Mexico, hardly in Peru, since our export strength is in segments with unskilled labor intensive, unlike Peruvian imports from Mexico, whose products are processed and manufactured, these include labor intensive and higher added value.

Finally, Mexican Economy Secretary Ferrari, indicates that Peru is going to exclude 193 tariff lines, since Mexico is potentially better farmer that Peru, taking in the world, the 13th place.

Here the link: http://pe.noticias.yahoo.com/tlc-méxico-colombia-generará-60-000-empleos-perú-20110331-143100-837.html

Tuesday, March 29, 2011

Onde Encontrar Shiny Stone Pokemon Soul Silver

Critical to Macroeconomics and DSGE Models: Effects of global crisis

Dr. Roberth Solow, has acknowledged that there are some gaps in the "state of the art" of macroeconomic science, among others has focused on the over-simplification of DSGE models.

Other economists speak of the failure of equilibrium models, which have not incorporated into the financial system in its analysis because the operator based on representative.

To reduce the analysis to that level, is as coniderar a basic cell for biological analysis, without considering the phenomena that occur in their environment and interactions this environment with the basic cell.

Here the link of Dr. Solow:

http://democrats.science.house.gov/Media/file/Commdocs/hearings/2010/Oversight/20july/Solow_Testimony.pdf

But is not the only case, here are the opinions of Axel Leijonhufvud of UCLA:

" Macroeconomics and the Crisis: A Personal Appraisal1 "

( http://www.cepr.org / pubs/PolicyInsights/PolicyInsight41.pdf )

Other opinions against macroeconomic theory, by Willem Buiter, Chief Citigroup economist. Http://voxeu.org/index.php?q=node/3210

A voice from MIT, Dr. Ricardo Caballero, on the vagueness of the predictions and the failure of the models: Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome "

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1683617 And a defense for of Macroeconomics, by Professor Rajiv Sethi Columbia University, in his famous BLOG http://rajivsethi.blogspot.com/2010/06/on-blogs-and-economic-discourse.html

Saturday, March 26, 2011

Silicone Giant Cupcake Sticking

Olivier Blanchard, the IMF and the Future of Macroeconomic Policies (2011)

Dr. Olivier Blanchard, French, and for many years professor of economics at the Massachusetts Institute of Technology (USA),

now as economic advisor and Director of Research Department of the International Monetary Fund (IMF), sets nine tentative conclusions about the future of post-crisis macroeconomic policies.

These approaches emerge as the same shows, lectures on macroeconomics and growth policies, with the participation of economists like Paul Romer, Michael Spence, Joseph Stiglitz, George Akerlof, Dani Rodrik, Maurice Obsfeld among other highlights.

Party and video material found on the IMF website as follows:
http://www.imf.org/external/np/seminars/eng/2011/res/index.htm

The new talking points on Dr. Blanchard are:

1 .- A new post-crisis world, unlike, for which we have to formulate economic policies.

2 .- The secular debate between market and state, the pendulum has swung toward the state.

3 .- The crisis has shown that there are many distortions concerning Macroeconomics.

4 .- Macroeconomic policy has many goals and many instruments.

5 .- It has many policy instruments, but do not really know how to use them.

6 .- The new policy instruments are potentially useful but pose new challenges for economic policy.

7 .- exciting future for researchers in economic policies.

8 .- The difficulties of using economic policy instruments and the possibility of making bad choices.

9 .- should moderate the expectations.

The Dr.Blanchard suggests the introduction of macro-prudential policies, but let's see what are these. The policies adopted by financial institutions, from the Basel accords, were of a micro, at systems that are private institutions and international agreements under an entity that seeks to match in the management of financial institutions through mechanisms market and financial instruments. After the crisis, these are not sufficient and suggests the participation of States, which ultimately are the ones through different mechanisms introduced macroeconomic corrections and reordered the financial chaos, against any assumption underlying economic power, this is called macro-prudential policies. Here

further explanation by Dr. John Lipsky:
http://blog-dialogoafondo.org/?p=47

But the use of such policies, it includes the microeconomic aspects world macroeconomic policy, such is the case of Agency Theory and the Theory of Regulation, to assess from a macro approach, the incentives of economic agents in financial markets, even suggests the addition of new theories behavioral of the heterodox (pragmatism, new approaches to the behavior of economic agents, etc.) many times in the microeconomic and now the need to form part of the new macroeconomic policy framework. And this is directed towards what is known as fiscal policy, whose role is central to the current crisis and that it must rethink in a more dynamic partnership with the makers of monetary policy.

It seems the crisis has exposed to macroeconomic theory, although this is still young and should be considered under other models, such as Chinese adaptive growth, meanwhile is now in the field economists researchers evaluate and incorporate new instruments.
http://blog-dialogoafondo.org/?p=649

http://www.qfinance.com/contentFiles/QF01/gezqixyt/17/0/warwick-commission-highlights-the local-and-political-dimensions-of-global-financial-reform.pdf