Fed Watch: Greece is Running Out of Time
Tim Duy: Greece is Running Out of Time, by Tim Duy: I have repeatedly described myself as a Euroskeptic. The current combination of politics and economics looks likely to at worst doom the Euro to failure, at best to commit...
James Galbraith on the Euro Crisis
Here's the third part (German version) of an interview of Jamie Galbraith conducted a few weeks ago by Roger Strassburg and Jens Berger of the German blog NachDenkSeiten (first part, second part). This is on the Euro crisis: NDS: You've...
Links for 2012-05-16
End This Depression, But How? - Fred Block How Older Workers Weather Layoffs - NYTimes.com Thing Falls Apart - Paul Krugman The dogma of ‘credibility’ endangers stability - John Kay How Keynes would solve the eurozone crisis - FT.com Cleveland...
"The Austrian Analysis of the Great Depression and the Recent Recession are Wrong"
Bruce Bartlett: What Rule Should the Fed Follow?, by Bruce Bartlett, Commentary, NY Times: ...[T]he “Austrian” theory of the Great Depression ... says that even though there was no inflation during the 1920s, somehow or other inflation nevertheless caused the...
Another Conference
I am at the Atlanta Fed today (on a panel). I'll post as I can.
The Need for Countervailing Power
(Though it won't post until later, I may as well try to do something while I sit in this airplane seat.) Like Brad DeLong, before the recession started I could not have imagined that policymakers would fail to put the...
Links for 2012-05-15
Women making gains in economics, but progress is slow - Boston.com Liquidity Risk and Credit in the Financial Crisis - FRBSF Economic Letter Regression to the Mean, JPMorgan Edition - Baseline Scenario German voters must break the Merkel mindset -...
"The Zero Lower Bound and Output Gap Uncertainty"
I've argued again and again that the costs associated with policy errors are asymmetric, and that we'd be better off making the mistake of doing too much rather than too little. This was based on the claim that the costs...
Paul Krugman: Why We Regulate
The financial industry needs better safeguards against excessive, potentially costly risk-taking: Why We Regulate, by Paul Krugman, Commentary, NY Times: ...Jamie Dimon, the chairman and C.E.O. of JPMorgan Chase,... has ... been fond of giving ... speeches about how he...
The "Aggressive Conservative Judicial Activism of the Roberts Court"
Jeffrey Toobin on the Citizens United decision: How Chief Justice John Roberts orchestrated the Citizens United decision, New Yorker: ...In one sense, the story of the Citizens United case goes back more than a hundred years. It begins in the...
