Economics Roundtable
Why AIG was in the CDS Business
Felix Salmon explains how taxpayers get to pay the claims after AIG collected the premiums. It is really very simple.
VoxEU -- Free Online Book
Rescuing our jobs and savings: What G7/8 leaders can do to solve the global credit crisis -- Contents Page
Richard Baldwin, Barry Eichengreen
"Without rapid and coordinated action by G7/8 leaders, this financial crisis could turn into a jobs crisis, a pension crisis and much more. This column introduces a collection of essays by leading economists on what the G7/8 leaders should do this weekend. The dozen essays present a remarkable consensus on a few points: we need immediate, coordinated global action that includes recapitalisation of the banks."
Good Advice
Economic Principals
Congratulations to David Warsh on the occasion of the 25th anniversary of EP.
The current two-part column Just What Happened? covers the current crisis and (second half) a wide-ranging discussion of the history and future of online economics.
Halloween Is Coming
On Sept. 10, 2008, required reserves for U.S. banks stood at $41.9 billion. Banks held reserves of $44.2 billion, leaving excess reserves of $2.3 billion.
On Oct. 22, 2008, required reserves for U.S. banks stood at $45.9 billion. Banks held reserves of $327.6 billion, leaving excess reserves of $281.7 billion.
Jim Hamilton explains
the Fed's balance sheet.
Boo!
The First Global Financial Crisis
of the 21st Century
A VoxEU.org Publication
Edited by Andrew Felton and Carmen Reinhart
Read the announcement
and/or download selected chapters.
Review: the topic itself is important, but this book also marks a new direction for online discussion.
The Phillips Curve
The Econ Review has an updated presentation of the inflation and unemployment data for seven countries. Some countries have had problems staying on a graph bounded by 20% inflation and 10% unemployment and it might take a skilled econometrician to find an actual Phillips Curve in this data, but the historical importance is unmistakable.
Great Articles by Famous Economists
The Library of Economics and Liberty includes The Concise Encyclopeida of Economics. To see how many well-known economists have contributed browse by category .
The Phillips curve, Harvard University, Thomas Sargent, Christina Romer, Greg Mankiw, Paul Samuelson, Robert Solow, Robert Lucas, Ben Bernanke, and others. They all appear in David Warsh's latest account of the battle between the Keynesians and the New Classical Economists.
James Hamilton at EconBrowser
Is this a recession and do we care?
Obamanomics
David Warsh on Goolsbee and Obama.
Recession?
U.S. payroll employment declined by over 3 million jobs between 2001 and 2003.
The current data shows a clear downturn.
The issue now is how far the decline will go.
The blogs discuss payroll employment at Payroll Employment
Are back-to-back quarters of 0.6% GDP growth a recession? Recession?
Will a 2% Fed Funds rate help? Fed Watch
And, the Housing Crash is still with us.
Economic Principals
David Warsh reports the latest on this year's free agent season for academic economists.
EconModel
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
BusinessPundit
"Analysis on corporate strategy, economics, some occasional neuroscience, and anything else that interests me”
This is a guest post from Dim Bulb’s Jonathan Salem Baskin.
Along with the crisis in financial markets, there’s another ugly truth we need to admit: brands are dead, and it’s time for marketers to admit it.
Nobody carries brands ...
MSNBC reported this week that the Bush Administration will leave at least half of the $700 billion bailout fund for President Elect Obama’s people to deal with. Treasury Secretary Henry Paulson has stated that he intends to leave $350 billion of the ...
This is a guest post by Robert Barr of BlabrMouth.
The scene: a nondescript office campus in the Seattle suburbs. It’s long past midnight but headlights from a late night coffee run enter the parking lot while assistants ...
The powers of Presidents are often over-exaggerated. They are not, as many people seem to believe, king of the country. Our 3 branch separation of powers places firm limits on what the President can unilaterally do or change. This means ...
This is a guest post by HR Wench’s Jenn Barnes.
Here’s a story, of a lovely lady:
I was in the process of being laid off, but my managers kept saying different things. So I brought a voice recorder ...
Judging from the photograph, what type of franchise would you say Leo Rivera has launched? A tattoo parlor? Auto shop? Art gallery? None of the above. Rivera is the brains behind Bishops Barbershop, the latest in a string of hair cutting companies ...
This is a guest post by Paul Hebert, who blogs at Incentive Intelligence.
The market has been a seesaw lately. Wild swings up, wild swings down. No one needs to tell you that though. As ...
Switching jobs more frequently has become more accepted, but is it good for your career in the long term? Job hopping has benefits, especially in the short term, but the long term consequences could go either way.
How Often Do You Hop?According ...
This is a guest post by Riveting Rosie Reilman.
What woman wouldn’t want to embrace the likes of Captain Jack Sparrow or young Will Turner? What man doesn’t secretly wish they were one of these two? But that’s ...
This is a guest post by Randy Marshall, a managing director at Protiviti Inc.
In the coming weeks, months and years, we will continue to see regulators make a variety of moves – both to deal ...
