Archive for September 26th, 2006
Plums
Sun 10/09/2006 14:42
Posted: September 26th, 2006 under Unsorted.
Comments: none
Tell us what you really think
I hope this is a teaser for something else. Picture taken on Southwark Street London.
[Update] Also seen here. I’m sure I’m being manipulated. It looks to expensive to be really meant.
Posted: September 26th, 2006 under moblog.
Comments: 2
Incentivising the rich
Brad DeLong’s Semi-Daily Journal: Marginal Notes on Pierre-Olivier Gourinchas’s Presentation of Golosov, Tsyviniski, and Werning
Before it rolls off the front page. Here is the paper. Working lunches. Golosov and Tsyvinski. Responses from, in the blue corner (British sense), Mr. Optimal Taxation and in the red corner, Mr. Overlapping Generations.
Posted: September 26th, 2006 under Unsorted.
Comments: none
Moral hazard in pensions
Longevity forecasts in pensions ‘too low’ reports the FT. But why would they be any other way? The higher the estimate, the more the actuary’s employer or client must put into the pension fund. Same goes for equity allocations and actuarial valuation techniques.
Posted: September 26th, 2006 under Unsorted.
Comments: none
Trading pension liabilities
Goldman moves in on pensions
More interesting, not least because it is more visible is the Oliver Hemsley/Mark Wood vehicle Paternoster described here. Such moves are clearly of a piece with suggestions of a market in pension obligations. I don’t understand how this is supposed to work. If companies want to eliminate pension liability risk they […]
Posted: September 26th, 2006 under Unsorted.
Comments: none
RGE - Stiglitz: Abolish GDP!
RGE - Stiglitz: Abolish GDP!
Joe Stiglitz is having fun. A good idea, or better yet remember that GDP != the good. Is the availability of time series for an alternative really critical?
Posted: September 26th, 2006 under Unsorted.
Comments: none