Toll Index January 2017

Posted in nowcasting, research, technology | Tagged , , , , , , | Comments Off on Toll Index January 2017

Toll Index – Record Year 2016

The hottest German business cycle news item making the rounds this morning comes from the German Federal statistical office (Destatis) and is summarized by the title of its press release:

German exports up 1.2% in 2016 – Exports, imports and export surplus reach new record highs

This is no suprise for those who have been following the toll index which posted a record year since the MAUT came into existence:

The data is available at the Data Repository of the IDSC – Research Data Center of IZA. The paper we first studied the properties of these data is published at the Journal of Forecasting.

The Toll Index has been widely covered in national and international press (selection):

Posted in data, economics, nowcasting, technology | Tagged , , , , , , , | Comments Off on Toll Index – Record Year 2016

On the mutation of the labor market – cultural centers

An amusing and simple way by which we can see traces of the mutation of the labor market, as the economy recycles and reuses it’s capital, is evidenced by the German Cultural Centers. Their names (Alter Schlachthof, Kofferfabrik, Muffatwerk, Zinnschmelze, Die WebereiZeche Carl, Pumpwerk etc) are testimony to the fact that where people today perform art and enjoy gastronomy (new jobs – new services) their parents used to work their fingers to the bone (old jobs – old products).


Posted in comment, history, labor market, technology | Comments Off on On the mutation of the labor market – cultural centers

How technology improves the way we live and work under adverse circumstances

I dashed back home to Greece recently (yes emphasis on dashed for those who I did not manage to visit and will complain) and took my mother for a cataract “depth measurement” in one of the Thessaloniki’s major general hospitals.

She had an appointment in the early evening and after finding our way in a not so well organized and not so well financed hospital we entered the room of a medical professional operating the relevant device who received us with grace and care.

My mother had to put her chin on the device’s contraption and he adjusted the height of the  chair (which was kind of falling apart) with a half empty pack of copier paper.

I had to overcome the fact that there was another patient in the room whose medical history we had heard and as she sat in the room for further exams she could witness our medical exam in return.

The medical professional helped my mother along, explaining to a colleague standing by, that the device is brought by a supplier company once a week for free, else they could not perform these measurements.

As soon as he was satisfied that the device showed his measurement accurately he announced ironically that we were about to witness the Greek version of tele-medicine as he pulled out his iPhone snapped a photo of the measurement send it to the doctor over his own 3G connection and called her up on his own private flat rate to discuss the details.

Technology impacts the way we live and work in the most unexpected of circumstances and yes in mostly good ways.

Posted in technology | Comments Off on How technology improves the way we live and work under adverse circumstances