Development economists
Nobel prize in economics won by Banerjee, Duflo, Kremer
The 2019 Nobel Prize in Economic Sciences has been jointly awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty," the Royal Swedish Academy of Sciences announced.
Ex-IMF deputy lauds Obama intervention in favor of Greece
Former IMF deputy and Princeton professor Ashoka Mody describes the recent intervention of US President Barack Obama in favor of Greece as admirable.
In his article for European think tank Bruegel, Mody says Obama’s position on Greece marks a change in the long-standing “tradition” of US “silence” regarding economic policy in Europe.
Merkel cites euro’s ‘construction flaws’ as economy sputters
By Patrick Donahue
German Chancellor Angela Merkel urged euro-area leaders to coordinate more closely on economic policy and repair the construction flaws built into the 18- member currency union to overcome the debt crisis.