Tuesday, September 22, 2009

EconNews Roundup

Here's the wrap-up of the main Economics items just before the Bayram:

Another news item I would love to be able to quantify- just boils the academic blood in my veins, or rather whatever is left of it. Interestingly enough, such cases demonstrate how a poor approximation, at least for developing countries, the permanent income hypothesis is.

Once you taste the tax-break sweets, it is tough to let go. I believe the industry does not make a strong case, as they do not support their claims with hard facts.

What do we get out of the long-awaited Medium-Term Economic Program (MTEP)? Some controversy, better credit outlook, and uncertain IMF prospects.

While the world is locked in the US-China trade dispute, a smaller one is going on between Turkey and Indonesia.

Last but not the least, the latest CBT rate cut.

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