Archives for: September 2009
09/30/09
FT: IMF warns of further recession risks, Sept. 30, 2009Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that the… more »
09/28/09
FT: Germany set for centre-right coalition, Sept. 27, 2009
Guardian: Merkel to head centre-right coalition in Germany as Social Democrats sink, Oct. 28, 2009 more »
09/27/09
This is for our German speaking readersNZZ am Sonntag: Zerstörerischer EinfallsreichtumDer US-Ökonom Jagdish Bhagwati bricht eine Lanze für die Marktwirtschaft. Ihre positive Kraft dürfe nicht verteufelt werden, weil US-Banker ausser Kontrolle gera… more »
09/26/09
The effectiveness of the fiscal multiplier depends on the state of the economy. For example, in an economy operating at full capacity, the fiscal multiplier should be zero. In a recession the effectiveness of stimulus can be very positive:Economist:… more »
09/25/09
04:32:36 pm, by editor of MarketObservation.com 
, 242 words 
Categories: Economics United States, Economics Africa
"This cataloging of the shocks we have endured and the policy response and other stabilizing forces is important. The accomplishment of walking the American economy back from the edge of a second Great Depression is real and deserves to be celebrated. Bu… more »
09/24/09
01:36:23 pm, by editor of MarketObservation.com , 0 words
Categories: Economics Global, Economics Asia
FT: Why China must do more to rebalance its economy by Martin Wolf, Sept. 22, 2009 more »
09/23/09
IMF: Financial Crises Tend to Have Long Impact on the Economy, Sept. 22, 2009
The global financial crisis is likely to leave long-lasting scars on the world economy, but governments can act to stimulate a quicker revival and counter output losses, acc… more »
09/22/09
NYT: Asia Rebounding Rapidly, Bank Reports, Sept. 21, 2009Asian economies slumped steeply when exports plunged during the winter, but most of the region is now rebounding quickly, the Asian Development Bank said in a report released on Tuesday.Th… more »
09/19/09
This is for our German speaking readers: Paul Krugman's New York Times article: How Did Economists Get It So Wrong? in German language in "Das Magazin":
Das Magazin: Nobelpreisträger Paul Krugman: «Wie konnten die Ökonomen sich nur so irren?»Neoliber… more »
09/18/09
This video has been recommended to us by one of our many Indian readers: more »
09/16/09
There was in fact a pick up of US retail sales in August. However, many economists still warn of too optimistic expectations as spending will be constrained for months by households’ limited access to credit and their desire to reduce their debts as well… more »
09/15/09
Mark Thoma has collected great articles to "what's wrong with macroeconomics":Economist's View: What's wrong with Macroeconomics?, Sept. 14, 2009 more »
FT: Money Supply; News, data and opinions on market-moving economics, Sept. 14, 2009 more »
09/13/09
06:22:59 am, by editor of MarketObservation.com, 153 words
Categories: Economics United States, Economics Global
We have had the one year anniversary of the Lehman collapse. At such moments it should be time to reflect on the causes of such major crisis events. There have been economists which have dealt in depth with causes and consequences of the financial crisis… more »
09/12/09
This should not only upset "Asian powerhouses" but also American consumers:Yahoo Finance: Obama to impose tariffs on Chinese tires, Sept. 11, 2009 more »
09/11/09
06:48:58 am, by editor of MarketObservation.com , 86 words
Categories: Economics United States, Economics Global
Credit Writedowns: Greenspan: financial crisis ‘will happen again’, by Edward Harrison, Sept. 9, 2009In a BBC Two interview, former Fed chief Alan Greenspan waxed fatalistic, saying that another financial crisis is inevitable due to animal spirits.… more »
09/10/09
09/09/09
Interesting post about the distinction between pro-market a pro-business reforms:Greg Mankiw's Blog: Saving the Capitalists from Capitalism, Sept. 8, 2009 more »
Guardian: Recession is officially over, according to leading thinktank, Figures from National Institute for Economic and Social Research show strong rise in manufacturing output, up 0.9% in August, Sept. 8, 2009Economists declared the recession over… more »
09/08/09
06:09:10 am, by editor of MarketObservation.com , 224 words
Categories: Economics United States, Economics Global
NYT: The Wait for Financial Reform by Alan Blinder, Sept. 5, 2009"IT’S YESTERDAY’S PROBLEM People have an amazing capacity to forget. Our financial system is now functioning much better than it was in March or last fall. So the Alfred E. Neuman Princ… more »
James Surowiecki rather thinks so:The New Yorker: Inflated Fears by James Surowiecki, Sept. 14, 2009"Of course, you can’t see any of this inflation in the numbers. The Consumer Price Index fell in July, and, over the past year, prices have actual… more »
09/06/09
For those who still have difficulties to understand the massive interventions by Central Banks:
Guardian: UK was hours from bank shutdown; FSA ready to close cash machines during crisis, Sept. 6, 2009
Britain was within hours of a banking shutdown… more »
09/05/09
02:00:19 pm, by editor of MarketObservation.com , 48 words
Categories: Economics United States, Economics Global
This is for our German speaking readers, an interview by Neue Zürcher Zeitung with George Akerlof, Berkeley professor and Nobel Prize Winner. Akerlof explains why the crisis shows that Keynes was right:
Neue Zürcher Zeitung: Interview with George Aker… more »
08:56:52 am, by editor of MarketObservation.com , 288 words
Categories: Economics United States, Economics Global
NYT: How Did Economists Get It So Wrong? by Paul Krugman, Sept. 2, 2009
"Take, for example, the precipitous rise and fall of housing prices. Some economists, notably Robert Shiller, did identify the bubble and warn of painful consequences if it were t… more »
09/04/09
This is an interesting map showing the shock waves of the financial desaster on the timeline:
click to go to "Guardian shock wave map" more »
09/03/09
Slate: Failure Caucus
Who's rooting for the economy to tank again? These guys., by Daniel Gross, Sept. 1, 2009
Selected,
Vindicated Bears
Economic Forecasters
Political Economists
read more about these types more »
09/02/09
Source: Denver Post more »
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Recommended search items and names(click on terms):
BIS Quarterly Review, Case Shiller Index, IFO Outlook, Institute for Supply Management, Michigan Consumer Sentiment Index, Philadelphia Fed Regional Index,ECONOMIC INDICATORS AND OUTLOOKS (click on names):
George A. Akerlof, Bernanke, Olivier Blanchard, Alan S. Blinder, Buffett, Tyler Cowen, Niall Ferguson, Bruno S. Frey, Milton Friedman, Herb Greenberg, Greenspan, Michael Jensen, L.S. Karp, Charles Kindleberger, Krugman, Gregory Mankiw, Robert C. Merton, Nouriel Roubini, Kenneth Rogoff, Carmen Reinhart, David Rubenstein, Schumpeter, Anna Schwartz, Amartya Sen, Robert J. Shiller, Jeremy Siegel, Hans-Werner Sinn, George Soros, Joseph Stiglitz, Paul Volcker, Martin Wolf, Janet Yellen, Luigi Zingales, _________________________________________________________________________________RECOMMENDED SEARCH NAMES(click on names):
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LEADING ECONOMISTS DEBATE THE CRISIS:
BLOGROLL
ECONOMICS AND BUSINESS:ECONOMICS, LAW AND POLITICS:
- Argmax
- Atlanta Fed Macro Blog
- austrianeconomists
- The Becker Posner Blog
- Grasping Reality with both hands
- The Big Picture
- Brookings Institution - Economics
- Calculated Risk Blogspot
- Chicago Boyz
- Chicago GSB Faculty Blog
- City Economist
- Coyote Blog: Dispatches from a small Business
- Conscious of a Liberal
- The Curious Capitalist (Time CNN)
- Econbrowser
- Econlog
- Economist's view
- Economics Roundtable
- Euro Area Blog
- Fama/French Forum
- Freakonomics
- Eurointelligence
- Jeffrey Frankels Weblog
- Group of Thirty
- Institute for Int'l Economics
- Institutional Economics
- Japanese Institute of Global Communication (GLOCOM)
- Knowledge Wharton
- MarginalRevolution
- Asymmetrical Information
- MISH'S Global Economic Trend Analysis
- Morgan Stanley Global Economic Forum:
- Naked Capitalism
- New Economist
- Newmark's Door
- Princeton University Press Blog
- RGE Monitor
- PSDBlog(Worldbank)
- The Knowledge Problem:
- The Mess That Greenspan Made
- Oekonomenstimme.org
- Ordnungspolitik.ch
- VOX
- World Economic Forum Weblog
_________________________________________________________________________________ECONOMIES:
STATISTICS SOURCES:
- Econometric Laboratory UC Berkeley
- Dataranking.com: Economic and social Data Ranking
- International Economic Growth Data Set (many useful statistics links, University of Bristol)
- Nationmaster (comprehensive country stat. data)
- US Dept. of Labor: Bureau of Labor Statistics
- US Govt Business Statistics
- US Regional Economic Data
- EuroStat: comprehensive European Statistical Data
- Metrics 2.0: Business & Market Intelligence
- RBA: huge Number of Links to Statistical Sources
- Various Links to Statistical Pages
- Ireland Business Facts (incl. economic Global Data)
ECONOMIC OUTLOOK:
- Census Bureau (US)
- International Economic Indicators
- Moody's
- Standard & Poor's
- Statistisches Bundesamt (Germany)
- UK Government Treasury
- White House
- World Economic Outlook (IMF)
THINK TANKS:
- Think Tanks (Alphabetical Order)
- Avenir Suisse
- Deutsche Gesellschaft für auswärtige Politik
- European Institute of Interdisciplinary Research
- Council on Foreign Relations
- Globalisation Institute
- Hoover Institution
- Swiss Institute for International Studies
- Freilich: Liberal Swiss Weblog
- Think Tanks and Public Interest Org. (US)
GLOBALIZATION:
- Carnegie Endowment: Globalization (Learning Tool)
- Dani Rodik (Harvard Prof. on Globalization)
- How to save globalization from its cheer leaders, Dani Rodrik (Harvard)
- Emory: The Globalization Website
- Global Envision
- The Globalist
- Harvard: Global Trade Negotiations Homepage
- International Forum on Globalization
- Internationale Politik (DGAP)
- OECD Economics Department
- UCLA: The Globalization Research Center Africa
- Worldbank: Globalization
- WTO
- YaleGlobal Online
LINKS TO SELECTED WORKING PAPER SITES:
- Berkeley: BRIE Working Papers
- Berkeley Finance: Working Papers
- Cambridge CBR: Publications
- Chicago GSB: Working Papers
- Columbia Business: e-Library
- Cornell Business: Research (SSRN)
- Dartmouth: Working Papers
- Duke: Faculty & Research
- ECGI
- ESADE: Faculty & Research
- Harvard: Faculty Publications
- IESE Business: Research
- INSEAD: Libraries
- Institute of European Studies (Berkeley)
- Kellogg: Faculty Publications
- Kiel Institute for the World Economy - Publications
- IMD: Working Papers
- London Business: Faculty Research
- Manchester Business: Research
- Michigan Business: Working Papers
- MIT Sloan: Papers
- NYU Business: Library
- Stanford GSB: Research Papers
- St. Gall: Publications
- Wharton (UPenn): Research Papers
- Reserve Bank of Australia: Publications & Research
- German Fed: Discussion Papers
- Bank of England: Working Papers
- European Central Bank: Working Papers
- US Federal Reserve Board: Economic Research and Data
- Banque France: Publications and Research
- Swiss National Bank: Working Papers
- Atlanta Fed
- Boston Fed
- Chicago Fed
- Cleveland Fed
- Dallas Fed
- Minneapolis Fed
- New York Fed
- Philadelphia Fed
- San Francisco Fed
- St. Louis Fed
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