Articles
Articles and analyses from the INET community on the key economic questions of our time.
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.