• Economics,  Math

    The Terms of Trade of Brazil

    Source: https://www.nytimes.com/2018/11/09/opinion/what-the-hell-happened-to-brazil-wonkish.html An article in the New York Times by Paul Krugman talked about a current economic downturn in Brazil. What happened: First, the global environment deteriorated sharply, with plunging prices for the commodity exports still crucial to the Brazilian economy. Second, domestic private spending also plunged, maybe because of an excessive buildup of debt. Third, policy, instead of fighting the slump, exacerbated it, with fiscal austerity and monetary tightening even as the economy was headed down. What didn’t happen: Maybe the first thing to say about Brazil’s crisis is what it wasn’t. Over the past few decades those who follow international macroeconomics have grown more or less accustomed to…

  • Uncategorized

    test latex, no mathjax

    Centered regular text.   Centering equation by centering the latex text: Above does not work with tables.  Multiple lines with \\ look awkward.  First line is centered but later lines start from the same position as the first line.   Aligning equations using \begin{array}.  To center, begin latex with <p align=”center”></p>.  Will need to check by going between Visual and Text modes.  Note that there probably will be strange behavior by the location of </p> in the Text mode when going between the two modes and will probably have to correct it multiple times.  Note that the lines need to be tight in Text mode – no extra line of…