Europe’s constitutional literalism

By Maha Rafi Atal, 5 November, 2011, No Comment

Some frustrated words about the state of European political economy:

What we have, in other words, is a meta-debate about whether policy options are permissible, instead of a debate about whether they are sound. A debate in which what is permissible is defined narrowly, as whatever is specifically ‘foreseen’ in documents written years ago, instead of broadly, as whatever those documents do not explicitly forbid. And a debate in which it is hard to avoid the conclusion that policy options are being construed as impossible because they are politically unpalatable to the people who would have to carry them out.

More here.

First Thoughts on the Eurozone Summit

By Maha Rafi Atal, 27 October, 2011, No Comment

Burning a bit of midnight oil – a post up at Foreign Exchange on the eurozone summit and its results. Really short version: ‘It is hard not to see a game of hot potato at play here which eventually has to come back to the ECB.’

Read the whole post here.

Baseball and the Marriage Premium

By Maha Rafi Atal, 19 October, 2011, No Comment

At Foreign Exchange:

In honor of the World Series, which starts tonight*, I dug out a research paper I’ve been sitting on for a while.

The paper, ‘Productivity, Wages, and Marriage: The Case of Major League Baseball‘ looks at the wages of baseball players and identifies a 16% gap between the wages of married players and unmarried players.

Economists have been documenting the marriage premium – the income boost (anywhere from 10 to 40 percent) married men have over their unmarried counterparts – for decades. But researchers have historically gotten stuck when it comes to providing explanations for the phenomenon: Do married men perform better because their wives are doing more of the housework? Do married men perform better because women tend to marry high performers anyway? Do married men perform about the same, but employers discriminate in their favor because they come across as reliable? Without data about productivity, it’s hard to say.

That’s what makes the baseball study distinctive: baseball is a geek’s sport, filled with statistics, and – in a post-Moneyball world – increasingly managed by the numbers. That allowed the paper’s authors, Francesca Cornaglia and Naomi E. Feldman, to control for productivity (using both Batting Average and On-Base Plus Slugging) and sorted players into groups by age (early and late career) and ability (low, medium, or high performers). They were not only able to show that there is a marriage premium, but able to test the prevailing theories about why it exists.

Go read.

Hillary Clinton on Economic Statecraft

By Maha Rafi Atal, 15 October, 2011, No Comment

New blog post at Foreign Exchange

Yesterday,Secretary of State Hillary Clinton gave a speech to the New York Economic Club on ‘economic statecraft’ and its role in American foreign policy. It’s a two-pronged concept – first, how the United States can leverage economic policy to strengthen its diplomatic position abroad; and second, how diplomacy can strengthen the U.S. economy at home.

As Dan Drezner’s already noted, venue aside, the purpose of the speech seemed to be to signal to career diplomats and civil servants that they will need to be savvy about economics, and incorporate it into their work, if they want to get ahead in Clinton’s State Department: “We need to be a Department where more people can read both Foreign Affairs and a Bloomberg Terminal,” Clinton said. Given the link between economics and foreign policy is my main hobbyhorse, it’s gratifying to see it taken seriously at the top like this.

As for policy, the speech was a bit more mixed.

For a detailed look at the speech, read the whole post.

NB: I’m posting this from a phone, so apologies for any typos or odd formatting.

The problem with Occupy Wall Street

By Maha Rafi Atal, 7 October, 2011, 1 Comment

As regular readers will know, I worry that the American left is preoccupied with culture at the expense of economics, more concerned with identity politics than it is with combating inequality. As someone who leans left primarily because of economic issues, that’s made me feel a bit homeless, politically.

So, as a critique, from the left, of our economic malaise, Occupy Wall Street interests me. But I am frustrated by the way the critique is framed.

Why I am not a SlutWalker

By Maha Rafi Atal, 29 September, 2011, 2 Comments

On Saturday, I am going to SlutWalk. I have decided to attend the rally, where some of the walkers will give speeches explaining why they’re there, but not the march.

As someone worried that the feminist movement is losing steam, I am thrilled to see that feminist causes can still get people, especially young people, on the streets. And while I welcome the intention to combat a culture that feeds violence against women – that is a noble feminist cause if ever there was one – I am deeply uncomfortable with the way SlutWalk has framed that cause. Attending the rally allows me to be a friendly observer, to listen and try to understand, whereas marching felt like something I should do only if I felt, truly, that SlutWalk’s message was mine.

SlutWalk began as a response to the callous comments of a Toronto cop who told women that they could avoid sexual violence by covering up. He was voicing the idea, still common in some quarters, that a woman who dresses scantily or has sex often or with many partners has ceded her sexuality to the public sphere – it is now out there for anyone to use. She’s asked for it. Implied is the notion that most women don’t like sex, and therefore that affirmative consent – of a woman asking for sex explicitly when she wants it and not being forced to participate in it when she doesn’t – is impossible.

Affirmative consent was framed quite neatly in the 1970s with the slogan, “Whatever I wear and wherever I go, ‘yes’ means ‘yes’ and ‘no’ means ‘no,’ ” Because it requires people to understand female sexuality, affirmative consent has gotten a big boost from shows like Sex and the City, which, despite its flaws, helped mainstream the idea that women like sex too, and not just the vanilla kind you see written up in Cosmo‘s advice pages. In gender studies departments, this is often referred to as ‘sex-positivity.’ And it’s great.

What distinguishes SlutWalk is a decision to affirm female sexuality by appropriating the word so often used to degrade it: slut.

It Takes Courage: Christine Lagarde at the IMF

By Maha Rafi Atal, 24 August, 2011, No Comment

I’ve written the cover story of the next issue (dated September 12) of Forbes, a profile of Christine Lagarde, the new head of the IMF. This is Forbes’ annual Power Women issue, containing the magazine’s ranking of the world’s 100 most powerful women. Lagarde comes in at #9.

Here’s a snippet of my piece:

Not a moment too soon, given a world in financial turmoil and an IMF shaken to its core by the scandal of her predecessor, Dominique Strauss-Kahn, who resigned over allegations of sexual assault in May. A moderate Socialist, DSK pushed for lenient fiscal policies and stringent financial regulations and opposed austerity programs in beleaguered euro zone economies like Ireland, Portugal and Greece. Lagarde, an unabashed free marketer, takes a much flintier approach to the crisis. It’s time, she says, to return the IMF to its roots, “that fiscal consolidation line, which I think is right.”

She knows this is a tough sell. “You first have a period [after making cuts] where growth takes a hit and goes negative”—and with that come unavoidable human costs in lost jobs and social services. Political feuding over controversial cuts will only make the pain worse. How should ordinary people cope? She pauses. “It takes courage.”

Read the whole story (and watch some video from my interview with Lagarde) here.

Hackgate and the case for collaborative reporting

By Maha Rafi Atal, 20 July, 2011, No Comment

A post up at Public Business on the U.K. phone hacking scandal and what the way the story was revealed tells us about the power of collaborative reporting:

Stories this complex, with tentacles that reach deep into multiple powerful institutions – News International, the Metropolitan Police, Downing Street – need to be tackled like a hydra, from all sides at once. One news outlet can try to do it all, but, as Rusbridger’s article shows, it works better if each news team has time to focus deeply on one angle, and the ability to share findings freely with those who are coming at the beast from another side. Moreover, a story of this type, one that will raise shocking questions about institutions so embedded in our society, whose authority and honesty we are taught to trust, cannot break through if it comes only from one corner. True though the revelations may be – and Davies’ work was flawless - they are too easy to dismiss until they have been cross-checked and verified by multiple voices.

Read the whole post here. It’s a follow-up to this post on the hacking scandal, which looked at the importance of introducing transparency to the reporting process.

Hillary Clinton Seeking World Bank Presidency

By Maha Rafi Atal, 9 June, 2011, No Comment

Have a quick post up at Foreign Exchange on a Reuters story from this evening, suggesting Hillary Clinton is looking to leave the State Department for the World Bank.

All of a sudden, we might be on the verge of having four women in the four most powerful development policy roles.

I celebrate this. But I am not satisfied. Because despite the increased visibility of women in development policy, the central role of gender equality in economic development is under-appreciated or misunderstood.

More on why women in power doesn’t necessarily mean empowerment for all women here.

The IMF Succession

By Maha Rafi Atal, 20 May, 2011, No Comment

I’ve got a post up at Foreign Exchange arguing for a non-EU replacement for DSK:

If one grants the premise of the European argument (that the IMF should be controlled by the people who need it most), one has to grant that the people who need it most aren’t European, and will be less so as time goes on. Indeed, the best way to address the controversy surrounding and resentment toward the IMF in many parts of the developing world, rather than making crass jokes, is to remind people that its primary function is – and has always been – to fight poverty, and to push for a developing world candidate on the grounds that it should be more accountable to those it serves.

More, including my own favorite candidate, here.