Articles
Articles and analyses from the INET community on the key economic questions of our time.
Asking questions about paradigms and INET
Dinner has already rolled around on what has been a quick day.
Renminbi Swap Lines
Eurocrisis Redux
Liquidity: Not Like Water (part 1 of many)
Discussion of the results of the ECB’s LTRO2 has revolved around the question of hoarding, specifically whether banks are using the newly-created reserves to fund new lending.
Does the Current Account Still Matter?
The title is the same as that of Maury Obstfeld’s Ely Lecture, delivered Jan 6 at the AEA meetings in Chicago. Yours truly was at the meetings mainly to deliver a paper on “Three Principles for Market-Based Credit Regulation”, about which more in a later post. And for most of the rest of the time I was locked in a hotel room interviewing candidates for an assistant professor slot at Barnard College (which gave me a good overview of the current state of macroeconomics, again fodder for a later post).
How God, Adam Smith, and the invisible hand changes over time
So with a suitably provocative title I think we can declare 2012 open.
Is there an ECB?
At Home in Economics
My friend read somewhere that the experience of death makes people think in philosophical terms. He might have thought of religion rather than philosophy, I replied. We agreed, and wandered off talking about our crypto-religious experiences in good old secular Europe.
What a liquidity crisis looks like
Bloomberg’s reporters continue their diligent work looking back on the Fed’s lending in the subprime crisis.
Liquidity, Public and Private
Backhouse and Bateman want Worldly Philosophers, not only dentists; not everyone agrees
Professors Roger Backhouse and Brad Bateman wrote an op-ed for the New York Times a few days ago, arguing that “thanks to decades of academic training in the “dentistry” approach to economics, today’s Keynes or Friedman is nowhere to be found” - we have stopped thinking big they say.
Toxic Textbooks
Toxic Textbooks
Imagining a New Intro Economics
Economics in Uncertain Times
What's in a name?
Euro Summit Statement Explained
NGDP target, in practice
Nobel Prize Tasseology
“Cause and Effect in the Macroeconomy”
It’s Nobel Prize time again. And what a beautiful prize this year it is!