Editors’ Picks – 22 June 2014

ESSA Publications


December 31st, 2013

Each week the ESSA Editors pick out the best articles from the latest in the world of economics, politics, and everything in between.

This week, we highlight the change in e-commerce, energy subsidies and a debate regarding economic ‘hysteris’.

‘Google Schmoogle’ – how Yellow Pages got it so wrong – John Rice and Nigel Martin

“The economics of information is changing rapidly.” Can directory businesses such as the Yellow Pages continue to attract advertisers and thrive in a world of internet and e-commerce?

Energy Subsidies: Scrap them  

Reforms in energy subsidies are underway around the world. It has been found that the consequences of implementing subsidies outweigh the good intentions of such programmes.

Memo to the IMF: there is no housing bubble – Ross Guest

Ross Guest, professor of economics at Griffith University, believes that IMF’s Global Housing Watch has painted the wrong picture of Australia’s housing market. He believes that, contrary to IMF’s analysis of the data, there is presently no housing price bubble in Australia.

Hysteresis -Will the world every fully recover from the recession?  – Jordan Weissmann

Economists are on the fence about whether the GFC has irreversibly scarred the economy. Some believe that there is nothing man can do to remedy what has been done, while others think that policy can be a game changer in the path to full recovery.

The views expressed within this article are those of the author and do not represent the views of the ESSA Committee or the Society's sponsors. Use of any content from this article should clearly attribute the work to the author and not to ESSA or its sponsors.

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