Assorted

From Poverty to Prosperity Watch

The Lord is my central banker, I shall not want…

Plastic fantastic

Global Development Finance 2009: Charting a Global Recovery


Selective extracting

The Impact of the Trilemma Configurations on Macroeconomic Performance

Why Pressure Cookers Are Big in the Netherlands

Fiscal Stimulus, Interest Rates and Crowding-Out

Combining findings at the Province and County Level from Iran's Election

Indian Capital Control Liberalization: Evidence from NDF Markets

Public libraries in India

For Father's Day: the IR guide to parenting

Roads to Success: Budget Consolidations in OECD Countries

Respinning the web

If the financial crisis has taught us anything,” says Michael Taylor, “it is that too much conventional wisdom can be dangerous.”

Laffer Curves Are Average Not Marginal Taxation

The Fragility of Economic Data

Was there Really a Hawthorne Effect at the Hawthorne Plant?

If you smell, here's a remedy

Bring Your Questions for White House Economist Austan Goolsbee

Books I am looking forward to reading

Grey hair may be protecting us from cancer

Quote of the Day

The central banker from Hell?

Your critics blame your monetary policies for Zimbabwe's economic problems.

I've been condemned by traditional economists who said that printing money is responsible for inflation. Out of the necessity to exist, to ensure my people survive, I had to find myself printing money. I found myself doing extraordinary things that aren't in the textbooks. Then the IMF asked the U.S. to please print money. I began to see the whole world now in a mode of practicing what they have been saying I should not. I decided that God had been on my side and had come to vindicate me.

Related;
John Robertson comments on Dr Gideon Gono’s book ‘Casino Economy: Extra-ordinary Measures for Extra- ordinary Challenges.’

Would this experiment work in Taiwan

Premier Liu Chao-shiuan announced Tuesday a government plan to distribute NT$82.9 billion (US$2.51 billion) in consumption vouchers to Taiwan's citizens in a bid to stimulate domestic spending and economic growth....

Chen said the Central Bank is still studying in what face value the vouchers should be issued.

While issuing small-face-value vouchers will increase costs and prolong the printing time, vouchers that have too large face value will cause inconvenience to their users, he noted.

-Consumption voucher program to boost economic growth: premier

Podcast of the Day

Goodhart Recommends `Aggressive' Bank of England Policy

Back to Basics on Keynesian

IMF supports Seychelles

• A fundamental liberalization of the exchange regime, involving the elimination of all exchange restrictions and a float of the rupee was introduced in early November;

• A significant and sustained tightening of fiscal policy backed by a reduction in public employment and the replacement of indirect subsidies by a targeted social safety net;

• A reform of the monetary policy framework to focus on liquidity management based on indirect instruments; and

• A reduction in the role of the state in the economy to boost private sector development, through further privatization, enhanced fiscal governance, and a review of the tax regime.

- IMF Executive Board Approves US$26 Million Stand-By Arrangement for Seychelles

Rogoff on Zimbabwe Inflation

Zimbabwe's Hyperinflation Poses Unique Challenges

Quote of the Day

A Central Banker should stand up to fear-mongering. Even when it comes from a Treasury Secretary.

-An Open Letter to Ben Bernanke

Assorted

Treasury’s Financial-Bailout Proposal to Congress

Bold ideas for solving America’s financial mess

Diamond and Kashyap on the Recent Financial Upheavals

The end of central bank independence, a continuing saga

Where did we go wrong?

Some Observations on the Ongoing Crisis: Causes and Opportunity Cost Again

Modern Financial Systemic Risk: A Primer

Chief Financial Plumber

Quote of the Day

“If you’ve got a bazooka, and people know you’ve got it, you may not have to take it out.”

That’s what Treasury Secretary Henry M. Paulson Jr. told a Congressional panel in July about his plans to stabilize Fannie Mae and Freddie Mac and, with them, the financial markets.

-Paulson’s Itchy Finger, on the Trigger of a Bazooka

A Short Primer on Macroeconomics

Read Ben Bernanke's Fed: The Federal Reserve After Greenspan by Ethan Harris

Related;
A Term at the Fed: An Insider's View
by Laurence H. Meyer

Interview with Ethan Harris