Macro Track August 2013

Prices: Asset Inflation
The role of asset price inflation has gained prominence after the financial crisis of 2008 due to the role of sub-prime housing loans in the United States.

Agriculture: Small is Beautiful
The relationship between land size and yield per unit of area cultivated has been intensely debated since the 1960s.

The increasing size of the elderly population is a growing concern in almost all developing countries.


NCAER
Aug 2013

Macro