Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

A Visit To a Core Knowledge School

by Diane Ravitchvia Hoover Daily Report
Monday, August 12, 2002

The Core Knowledge curriculum, developed by E.D. Hirsch of the University of Virginia, works on the simple principle that knowledge is powerful.

Analysis and Commentary

What Real Appreciation of the Ruble? A Postscript: Is Real Depreciation Setting in?

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Monday, August 12, 2002

Data published by the Central Bank of Russia showed that the real effective exchange rate (the real trade-weighted exchange rate) of the ruble had only modestly increased 4.9% during the first half (H1) of 2002 compared with H1 of 2001 and a smaller 1.2% compared with H2 of 2001. The data are suggestive of a possible shift in direction, from real appreciation of the ruble to real depreciation of the ruble.