Macro meets Tech The past 10 years have seen the maturation and eventual bursting of the market bubble, followed by a financial crisis, which led to an economic recession widely perceived to be still ongoing. The unprecedented amount of economic stimulus on both the monetary and fiscal sides, produced what many see as a less … Continue reading Economics of Knowledge Economy
Tag: Technology
Is Tesla a new Uber?
Uber’s prospects may not be as bright as its current 60bn$ valuation implies. Travis Kalanick, the company’s CEO, has once said that if Tesla cars are autonomous by 2020, he wants to buy all 500,000 that are expected to be produced. The problem though may not be with availability of the autonomous vehicles, but that … Continue reading Is Tesla a new Uber?
Monetary policy in the XXI century
The original note was published in Russian as “Зачем капитал экономике знаний” in Vedomosti on 26 April 2016. *** On March 10th the European central bank announced a new round of monetary policy easing. The regulator lowered the interest rate - the traditional instrument to manage the money supply, and also increased the size of the … Continue reading Monetary policy in the XXI century
Deflation miscalculation
Is official GDP growth statistics an adequate measure of the impact the technology has had on the economy? The effect of the technological progress of the late XX - early XXI centuries on our lives has been tremendous. At the same time, the official measures of the economic performance such as GDP growth statistics hardly … Continue reading Deflation miscalculation
Telecoms
The event of 2015 One of the most important developments of 2015, in my view, was a successful attempt to land the first stage of SpaceX’s Falcon 9 rocket on 21 December 2015. http://www.youtube.com/watch?v=ZCBE8ocOkAQ The full video here. The importance of this is the potential to significantly reduce the costs of delivering stuff into space. … Continue reading Telecoms
BioFuels
Many things in the renewable energy space have been alive solely because of the government policies and subsidies. Some, like solar power for example, have fully fledged over time, crossed an important “grid parity” threshold on the cost side, and now compete with the traditional energy producers. Others, like traditional biofuels, have stayed uncompetitive on … Continue reading BioFuels
Economics of Smart Homes
Below is an attempt to investigate the developments in the Smart Home space from the economic point of view, not from the IT point of view. Is one possible without the other? I don’t know. Home This is what our homes looked yesterday. A number of home electric appliances are connected to the electrical central … Continue reading Economics of Smart Homes
American Renaissance
The recent volatility on the financial markets is not your typical market volatility. In my view it is rather indicative of the ongoing shifts in the global economy. Some emerging market economies face structural challenges on their growth trajectories, whereas USA may be facing another dawn. The list of problems typically associated with the US … Continue reading American Renaissance
Energy, Tech, Macro 