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.
Slate Magazine
"Slate—the Internet’s informed look at news, politics, and culture. Slate separates the facts from the spin with thought-provoking stories, irreverent humor, and delicious reads.”
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