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Recession vs inflation targeting
Here’s a puzzle. Morally speaking, does it make sense to worry so much about recession whilst having supported the policy of inflation targeting for the last 16 years? When the Bank of England raises interest rates in normal times to reduce inflation it is, in effect, imposing big costs upon a ...
Big Bailouts, Bigger Bucks
ritholtz.com — Whenever I discuss the current bailout situation, I find people have a hard time comprehending the actual... numbers involved. That was a problem for the book , and I needed a way to put this into proper historical perspective. If we add in the Citi ... (more) Big Bailouts, Bigger Bucks
U.S. Recession Probabilities
uoregon.edu — Recession Probabilities This page presents recession probabilities for the United States obtained from a dynamic-factor markov-switching model... applied to four monthly coincident variables: non-farm payroll employment, the index of industrial ... (more) U.S. Recession Probabilities
"Recession? Why Worry?"
economistsview.typepad.com — In an oldie, John Kenneth Galbraith explains why, for many, there is no rush to enact stabilization... policy when the economy turns downward: Recession? Why Worry?, by John Kenneth Galbraith, Commentary, NY Times : Reputable economic attitudes ... (more) "Recession? Why Worry?"
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links for 2008-11-28
Economist's View — ... by Lack of Staff - WSJ.com Too many cooks in Obama’s economics kitchen - Willem Buiter The more the merrier - Econbrowser Dying of Consumption - Roach - NYTimes.com Thanksgiving: The Spin Statistics Theorem - Discover Magazine Shiller: Crisis May Run for `Years and Years' P1 - YouTube Climate change puts forests and people at risk - EurekAlert Recession vs inflation targeting - Stumbling and Mumbling How Geothermal Heat ...

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