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Japan's recovery, again
Japan's recovery, again
Keiichiro Kobayashi accuses me of wanting to disregard the problems of the banks and focus only on fiscal expansion. Actually, I've never said that; he seems to have me confused with Robert Reich, who has. But it's true that I'm a bit puzzled by the attribution of Japan's recovery to bank ...
Good economic news?
Good economic news?
econbrowser.com — Today's GDP numbers were about what I was expecting. Although economic activity continued its sharp decline, if... we continue to follow the script, things should improve. The Bureau of Economic Analysis reported today that U.S. real GDP fell at a ... (more) Good economic news?
GDP Growth Rates for Beginners
GDP Growth Rates for Beginners
baselinescenario.com — For a complete list of Beginners articles, see Financial Crisis for Beginners . My post about French... sociology got a wide range of comments, ranging from “Without a doubt, your best post yet” to “Reading this post made me think, for the first time, of ignoring Baseline ... (more) GDP Growth Rates for Beginners
Positive GDP As Soon As Next Quarter
Positive GDP As Soon As Next Quarter
businessinsider.com — This morning's headline GDP numbers were pretty horrific, but the Dow is up 110 points, perhaps because... of that one consumer spending green shoot. And as deep as the number is, it's possible we'll see positive growth very soon. So says Richard Moody ... (more) Positive GDP As Soon As Next Quarter
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Monday Open Thread
European Tribune — Classic Krugman Japan's recovery, again - Paul Krugman Blog - NYTimes.com For what it's worth, a key conclusion from the IMF's new World Economic Outlook is that recessions caused by financial crisis typically end with export booms, with the trade balance improving, on average, by more than 3 percent of GDP. I find this a disturbing result: we're now suffering from a global financial crisis, which means that the usual driver of recovery will only be available if we can find another planet to export to. Most economists teach a theoretical framework that has been shown ...

links for 2009-04-30
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... Mark J. McKeon: Why We Must Prosecute Paul Krugman: Japan’s recovery, again

Is The Indian Economy Heading For Its Finest Hour?
Global Economy Matters — by Edward Hugh: Barcelona "For what it’s worth, a key conclusion from the IMF’s new World Economic Outlook is that recessions caused by financial crisis typically end with export booms, with the trade balance improving,on average, by more than 3 percent of GDP. I find this a disturbing result: we’re now suffering from a global financial crisis, which means that the usual driver of recovery will only be available if we can find another planet to export to." Paul Krugman With results still coming in, projections show the ...

Is The Indian Economy Heading For Its Finest Hour?
India Economy Watch — "For what it’s worth, a key conclusion from the IMF’s new World Economic Outlook is that recessions caused by financial crisis typically end with export booms, with the trade balance improving,on average, by more than 3 percent of GDP. I find this a disturbing result: we’re now suffering from a global financial crisis, which means that the usual driver of recovery will only be available if we can find another planet to export to." Paul Krugman With results still coming in, projections show the United Progressive Alliance is likely ...

Is The Indian Economy Heading For Its Finest Hour?
A Fistful Of Euros » A Fistful Of Euros — “For what it’s worth, a key conclusion from the IMF’s new World Economic Outlook is that recessions caused by financial crisis typically end with export booms, with the trade balance improving,on average, by more than 3 percent of GDP. I find this a disturbing result: we’re now suffering from a global financial crisis, which means that the usual driver of recovery will only be available if we can find another planet to export to.” Paul Krugman With results still coming in, projections show the United Progressive ...

"Why This New Crisis Needs a New Paradigm of Economic Thought"
Economist's View — ... commented on my column at his New York Times blog, claiming that the belief that stabilising the financial system is a necessary precondition for economic recovery is questionable. He said that if bank reform were the major factor in Japan’s economic recovery, capital investment should have increased, yet the Japanese data shows no increase in capital investment during the recovery period. My response is that stabilising the financial system alleviated the funding constraints that were making it difficult for companies to meet their working ...

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Cliff Hanging In Bulgaria
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