Post by arfankj4 on Mar 6, 2024 8:27:20 GMT
Publisher s link http sciencedirect science article pii S MAY KUMBH MELA JANUARY MAPPING THE EPHEMERAL MEGA CITY Government and the Minimalist Platform Business at the Kumbh Mela By Macomber John D. and Tarun Khanna ABSTRACT—India s Kumbh Mela a religious festival occurring once every years at the confluence of the Ganges and Yamuna rivers attracts over million pilgrims to a temporary pop up megacity over the course of two months.
A team of faculty and students from five Harvard schools attended the Kumbh Mela to learn from the phenomenon. The festival was a planning organizational financial and spiritual success in stark contrast to the understood concept of India as unable to accomplish projects at large scale. The authors propose that the concept of government as a minimalist platform focusing on a handful of tasks and doing them well was the key to success. The administration focus Poland Mobile Number List ed on land allocation roads mostly for walking public safety electricity and water. Non government actors provided almost all other products and services. This was a match of ambition with capability that can be replicated in other fast growing semi informal cities in the developing world. Mela January Ephemeral dp WORKING PAPERS Monetary Policy Drivers of Bond and Equity Risks By Campbell John Y. Carolin E. Pflueger and Luis M. Viceira ABSTRACT—The exposure of U.S. Treasury bonds to the stock market has moved considerably over time.
While it was slightly positive on average in the period it was unusually high in the s and negative in the s a period during which Treasury bonds enabled investors to hedge macroeconomic risks. This paper explores the effects of monetary policy rules monetary policy uncertainty and macroeconomic shocks on nominal bond risks using a New Keynesian model with habit formation and discrete regime shifts in and . The increase in bond risks after is attributed primarily to a shift in monetary policy towards a more anti inflationary stance while the more recent decrease in bond risks after is attributed to a renewed focus.
A team of faculty and students from five Harvard schools attended the Kumbh Mela to learn from the phenomenon. The festival was a planning organizational financial and spiritual success in stark contrast to the understood concept of India as unable to accomplish projects at large scale. The authors propose that the concept of government as a minimalist platform focusing on a handful of tasks and doing them well was the key to success. The administration focus Poland Mobile Number List ed on land allocation roads mostly for walking public safety electricity and water. Non government actors provided almost all other products and services. This was a match of ambition with capability that can be replicated in other fast growing semi informal cities in the developing world. Mela January Ephemeral dp WORKING PAPERS Monetary Policy Drivers of Bond and Equity Risks By Campbell John Y. Carolin E. Pflueger and Luis M. Viceira ABSTRACT—The exposure of U.S. Treasury bonds to the stock market has moved considerably over time.
While it was slightly positive on average in the period it was unusually high in the s and negative in the s a period during which Treasury bonds enabled investors to hedge macroeconomic risks. This paper explores the effects of monetary policy rules monetary policy uncertainty and macroeconomic shocks on nominal bond risks using a New Keynesian model with habit formation and discrete regime shifts in and . The increase in bond risks after is attributed primarily to a shift in monetary policy towards a more anti inflationary stance while the more recent decrease in bond risks after is attributed to a renewed focus.
