Month: November 2013

Nowcasting with Google, by Mahalia Jackman

Nowcasting has become widely popular in economics. In its most basic form, nowcasting can be summarised as ‘predicting the present and sometimes recent past’. At first this may seem a bit strange. Why would economists want to forecast the present, or even the past? Can you even forecast the past?  Economists ‘nowcast’ because of the …

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Barbados Economic Recovery: Framing the Discussion

Last week on a popular radio show in Barbados, two leading economists and a former head of a large company in Barbados discussed and took calls from the public on the Barbados economic recovery. I found the discussion extremely interesting and I commend all of the panelists for their insights. At the same time, however, I …

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What level of international reserves is enough?

Over the last few months we have all listened to the robust debate between our politicians and other interested observers regarding whether Barbados is holding an adequate level of foreign exchange reserves. While the debate has been useful, there is an implicit assumption that the international benchmark of an adequate level of international reserves is …

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