krugman.blogs.nytimes.com - 12/3/2008
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Is only prudent. As far as I know, nobody has written up the case for a fiscal expansion larger than our best estimate of what's needed to close the looming output gap. So I thought it might be useful to write the obvious down.
In the figure below, I've drawn a series of "IS curves" - [...]
blogs.cfr.org - 11/27/2008
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blogs.cfr.org —
Make sure it is the latest World Bank
China Quarterly. David Dollar, Louis Kuijs and their colleagues...
have outdone themselves – and in the process provided a clear assessment of the sources of China’s current slowdown and the risks that lie ahead. ...
(more)
If you only read one thing on China this fall …
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I’m with Mephistopheles
Economics and... —
Paul Krugman makes the case for deliberately providing too much of an economic stimulus. Here I want to examine the counter-case, for which I think there is a valid argument, although it doesn’t seem to be the argument that anyone is actually making. In the end, though, I agree with Professor Krugman: too much is better than too little. ...
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FT.com / Comment / Analysis - The vision thing
ft.com 11/26/2008 — Eye chart It has been a bad year for economic forecasters. So bad that royalty wants to know what went wrong. “Why did no one see it coming?” Britain’s Queen Elizabeth asked during a visit to the London School of Economics this month.
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