marginalrevolution.com - 10/24/2008
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Here is a good piece rebutting the Minneapolis Fed study . One point made is this: ...there is the inconvenient matter that the Federal Reserve and
the Treasury went out and did all that stuff they did in order to prevent a
massive breakdown in lending to the real economy. ... Now this ...
marginalrevolution.com - 10/22/2008
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marginalrevolution.com —
Back in February I pointed out that despite
all the talk of a credit crunch commercial and...
industrial loans were at an all-time high and increasing. In September I once again pointed to data showing that bank credit continued to be high (even ...
(more)
Where is the Credit Crunch? III
marginalrevolution.com - 10/25/2008
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marginalrevolution.com —
Alex is a very good truth-tracker but on
credit I remain stubborn. Here is one report :...
How is trade finance coping with the credit crunch Badly. Steve Rodley, director of London-based shipping hedge-fund Global Maritime Investments, puts ...
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The credit crunch: I still cannot agree with Alex and Bryan
macromarketmusings.blogspot.com - 10/29/2008
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macromarketmusings.blogspot.com —
There has been a debate raging in the
blogosphere as to whether there really is a credit...
crunch. On one side of the debate is Alex Tabarrok and these authors who argue that while there is some stress in credit markets there is no systemic credit ...
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Is There A Credit Crunch? Evidence from the Money Multiplier
Comments
Blog Reactions
Tabarrok Truth-Tracker
EconLog: Library of Economics and Liberty —
Tyler has often said that his co-blogger Alex Tabarrok is the best truth-tracker in our lunch posse. Alas, Tyler fails to take his own assessment seriously. See their exchange on the myths of the credit "crisis": Phase 1. Alex summarizes the latest data. Phase 2. Tyler expresses skepticism . Phase 3. Alex rebuts : The Minn. Fed. presented data demonstrating that four widely reported claims about the credit crisis panic are myths - do either of the cited links claim that any of these myths are in fact true? No. Do either of the cited links ...
Trust Us!
Overcoming Bias —
... with this sort of thing. The US has given top government economists, such as Paulson and Bernanke, well over a trillion in mostly blank checks to spend saving their Wall Street friends from ruin, supposedly to prevent another great depression. But it seems economists looking today at the data available then just can't find clear evidence a massive buyout was needed.
Alex Tabarrok has been reviewing the evidence here, here, and here. Tyler responds, but as Bryan notes, not effectively. Yes we are heading into a serious ...
The Bank Lending Debate
The Baseline Scenario —
... For those who spend too much time reading economics blogs, there was a bit of a stir in the last few days over a paper by three economists at the Minneapolis Fed, which essentially said that bank lending to the real economy had not been affected by the supposed credit crisis. There were articles on the topic by Alex Tabarrok, Free Exchange, Mark Thoma, me, Tyler Cowen, Alex Tabarrok again, Free Exchange again, and Tyler Cowen again, among others. My main issue was that the charts in the paper said ...
Related Content
Credit crunch? What credit crunch?
reuters.com 12/12/2008 — PARIS (Reuters) - The credit crunch is not nearly as severe as the U.S. authorities appear to believe and public data actually suggest world credit markets are functioning remarkably well, a report released on Thursday says. As a result, governments ...
Credit Crunch or Not
econbrowser.com 12/19/2008 — One of the debates regarding the current financial crisis is whether in fact there is a crisis, or whether in fact the financial system is operating normally. I've been skeptical myself of the "times are normal view", but here is some evidence that ...
What Credit Crunch?
blog.mises.org 12/12/2008 — Robert Murphy and Robert Higgs have said this for months, but Reuters is joining in to point out that, whoops
he credit crunch is not nearly as severe as the U.S. authorities appear to believe and public data actually suggest world credit ...
What does a credit crunch look like?
marginalrevolution.com 10/29/2008 — Maybe Alex is tired of this topic, if so I apologize. But Isaac Sorkin sent me notice of this : What does a global credit crunch look like when it comes down to raw numbers? A 3% quarterly decline in international banking activity. It doesn't ...
The credit crunch may cause another great depression
VoxEU.org 10/9/2008 — Nicholas Bloom , 8 October 2008 The crisis is shaping up to be a perfect storm – a huge surge in uncertainty that is generating a rapid slow-down in activity, a collapse of banking preventing many of the few remaining firms and consumers that want to ...
There is Too a Credit Crunch!
economistsview.typepad.com 11/5/2008 — The Boston Fed replies to the Minnesota Fed's
clams to the contrary. Here's the abstract, Overview, and Conclusion (though if
you are interested, the body of the paper is not long, and there are quite a few
graphs offered in support of their ...
FT.com / Credit crunch
ft.com 2/20/2009 — Disclaimer: Your use of this webcasting service is subject to FT.com’s Terms, which we encourage you to read for full details. You may only access the service for your own personal, non-commercial use. FT does not guarantee that the service will be ...
Where is the Credit Crunch?
marginalrevolution.com 9/24/2008 — Paulson plan vs. Dodd plan: my email to Eric Posner | Main | Can the subsidy be redirected? Where is the Credit Crunch? Back in February I pointed out that despite all the talk of a credit crunch commercial and industrial loans were at an all-time ...
Crunch This
capitalgainsandgames.com 10/2/2008 —
I'd like to put down a marker that not all reductions in the supply of credit should qualify as a credit crunch. A credit crunch occurs when a large number of borrowers cannot get a loan at any interest rate. What we are seeing is that interest ...
Credit Card Crunch?
marginalrevolution.com 11/14/2008 — Frankly, I am tired of this topic but every time I try to check the data - as best as I can - it doesn't seem to support the rhetoric we are hearing from people at the top [despite real problems blah, blah, blah]. Here's Paulson today :
At ...
The Greenspan Effect: Oops —
The Big Money 10/24/2008
" I made a mistake ": words we never thought we'd hear from a central bank chief, past or present. In a dramatic grilling on Capitol Hill on Thursday, former Federal Reserve Chairman Alan Greenspan admitted that, oops, he may have placed too much ...