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Australian Iron Ore Exports to China Are Slowing – But Can India Save The Day?

April 20th, 2015
in Op Ed

by Michael Grogan, First Class Analytics

With an economic slowdown in China and a fall in commodity prices, Australian iron ore exports have been hit hard. With the commodity being Australia's largest export and accounting for over 74 billion AUD in the years 2013-14, Chinese iron ore import prices (in $ per tonne) have fallen from approximately $120 during this period to just under a current price of $60.

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Was Economics Better During the Great Depression?

April 20th, 2015
in Op Ed

One can never say an empirical quantity is exactly equal to a precise number.

by Dirk Ehnts, Econoblog101

I was at the INET conference last week and met many interesting and knowledgable people. One conversation was with somebody from the OECD (Organization for Economic Cooperation and Development) . He called for heterodox modelers to improve their models so that they can be used for policy advice.

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The Rather Large Cost UKIP Forgot to Mention in Its Manifesto

April 19th, 2015
in Op Ed

by Benjamin Leruth, The Conversation

To the surprise of no-one, UKIP’s leader identified the European Union as his party’s top priority at the launch of its 2015 election manifesto.

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Secular Stagnation: The Long View

April 17th, 2015
in Op Ed

by Matt Nesvisky, NBER Digest

Appeared National Bureau of Economic Research Digest, 15 April 2015

The greater the changes required by new technologies, the author reasons, the more growth may slow in the short run, but once adaptation occurs growth should accelerate.

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More Thoughts on the Current Oil Market

April 16th, 2015
in Op Ed

by EconMatters, EconMatters.com

WTI surged to close at $56.01 a barrel on Wednesday, while Brent closed at $62.86 after the US crude oil inventories showed a 'less-than-expected increase'. The latest weekly inventory (week ending April 10) from EIA showed an increase of 1.3 million barrels, much less than the 10.9 million barrels of build from the previous week.

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