Friday, April 24, 2009

EconNews Roundup

I agree that the IMF deal might be messy, but for fiscal rather than growth reasons, as the Hurriyet article reports.

Lira to outperform forint: A nice demonstration of the relativity theorem.

Government's solution to unemployment: Temporary public sector employment. In the spirit of constructive feedback, I would like to offer a concrete proposal. Divide all the unemployed into half. The first half could dig holes, with the rest filling them up. Joking aside, I have to look at Referans for the details, but as it stands, I don't see why the government would go for so much inefficiency, whereas they could simply provide firms incentives for not firing. Go figure...

As much entertaining the previous are, the gold medal goes to a very good summary of recent BETAM labor market research that shows that contrary to Econ. Minister Simsek's claims last month, women are not contributing proportionally more to unemployment; it is rather men losing their jobs.

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