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Most recent posts

  • The Paranoid Style in Economics

    posted to Fault Lines on Sun 11th Aug 13

    NEW DELHI Why do high-profile economist tussles turn so quickly to ad hominem attacks? Perhaps the most well-known recent example has been the Nobel laureate Paul Krugmans campaign against the economists Carmen Reinhart and Ken Rogoff, in which he moved quickly

  • The Paranoid Style in Economics

    posted to Fault Lines on Sun 11th Aug 13

    NEW DELHI Why do high-profile economist tussles turn so quickly to ad hominem attacks? Perhaps the most well-known recent example has been the Nobel laureate Paul Krugmans campaign against the economists Carmen Reinhart and Ken Rogoff, in which he moved quickly

  • Grounded Central Bankers

    posted to Fault Lines on Sun 30th Jun 13

    NEW DELHI Markets are in turmoil once again, following the US Federal Reserves indication that it might reduce its bond purchases toward the end of the year. The intensity of the market reaction was surprising, at least given the received wisdom about how the

Most popular posts

  • Why Did Economists Not Spot the Crisis?

    posted to Fault Lines on Sat 5th Feb 11

    CHICAGO At the height of the financial crisis, the Queen of England asked my friends at the London School of Economics a simple question, but one for which there is no easy answer: Why did academic economists fail to foresee the crisis?There have been several

  • The case for, and against, ultra-low rat

    posted to Fault Lines on Fri 11th Jun 10

    Unemployment is high, and projected to remain high for the foreseeable future. The output gap (the gap between the potential capacity of the economy to produce and its actual production) is assumed to be high because of the large number of unemployed. As a

  • Love the Bank, Hate the Banker

    posted to Fault Lines on Sun 31st Mar 13

    NEW DELHI Public discourse is rarely nuanced. The publics attention span is short, and subtleties tend to confuse. Better to take a clear, albeit incorrect, position, for at least the message gets through. The sharper and shriller it is, the more likely it

Latest posts linking here

  • Banks, economists and politicians: just follow the money

    posted to mainly macro on Mon 26th Aug 13

    Economics rightly comes in for a lot of stick for failing to appreciate the possibility of a financial crash before 2007/8. However it is important to ask whether things would have been very different if it had. What has happened to financial regulation after

  • Links for 04-01-2013

    posted to Economist's View on Mon 1st Apr 13

    Confessions of a Keynesian heretic - FT.com - Roger FarmerSay It With Me: Correlation Causation - The Big PictureThe Politics of Moral Hazard - Bruegel BlogMore Stockman - Paul KrugmanGo For Gold - The Baseline ScenarioRise of Dark-Pool Trading Concerns Regulators

  • Links for 10-20-2012

    posted to Economist's View on Sat 20th Oct 12

    1933 And All That - Paul KrugmamHeterogeneity at the IMF - mainly macroThe talent supply chain - Dan LittleA golden age of micro - The EconomistFinancial Crises - Stephen WilliamsonMaybe the playing field needs leveling - The EconomistShrink Inequality to Grow