Austerity Policy Leads to Low Economic Growth, 43pp (tags)
This IMF Working Paper published on January 31, 2013 was co-authored by the chief IMF economist Olivier Blanchard. The IMF erred in its fiscal multiplier in estimating the effects of state spending cuts in deficit countries. The paper was greeted by silence in Germany and the US.
AIRNow--the eternal optimists (tags)
Air pollution reporting agency, AIRNow, consistently presents an excessively rosy air pollution levels forecast--one seldom, if ever, born out by actual contaminant levels on the ground.
Global wheat prices soar to new highs (tags)
Compared with initial forecasts of a near-record crop of up to 26 million tonnes, dry weather has shrunk expected output to 20-22 million tonnes, according to industry forecasts. reuters