On December 12th the US Federal Open Market Committee (FOMC), announced it would keep interest rates close to zero considering that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 from its current 7.7%. [1] Although this statement is in line … Continue reading
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The Economics of ICT and the Forthcoming American Economic Association Meeting
Is the Information Technology Revolution Over? The 2013 annual meeting of the American Economic Association will take place in San Diego (CA) on January 4-6, 2012. Several sessions are devoted to the economics of information and communication technologies (ICT), such as the session on “the Economics of the Internet” chaired by Hal Varian, or the … Continue reading
ICT, Panem et Circenses
Before reading this post, you should listen to Andrew McAfee, principal research scientist at the Centre for Digital Business, at the MIT Sloan School of Management. Robots and algorithms are getting good at jobs like building cars, writing articles, translating — jobs that once required a human. So what will we humans do for work? … Continue reading
High-Level Roundtable
Taylor Reynolds, senior economist for information economy at the science, technology and industry directorate of the OECD, chats with Alain Stekke, economist at the information society and media directorate-general of the European Commission, at the High-Level Roundtable on SMEs and Technology, hosted by the Lisbon Council, a Brussels-based think tank. For more information, visit http://www.singlemarketentrepreneurs.eu. Continue reading
Monsieur Stekke 