Recommended Readings

• Is Spain Next?--Mark Copelovitch
• Policy Responses to Long-Term Unemployment --Annie Lowrey
• The Great Deviation--John B. Taylor
• No Fed Tightening Unitl 2012--Glenn D. Rudebush
• The Hourless Recovery--Rebecca Wilder
• Fed to Touch Extension Chord--Randall W. Forsyth
• Types of "General Gluts"--Brad DeLong

Recommended Readings

• Breaking Up Banks--Bill Woolsey
• Why Texas Avoided Much of the Real Estate Meltdown--Alyssa Katz
• Do Bond Vigilantes Fear a Growing Economy?--Andrew Leonard
• Treasuy Yield Curve Spread and the Zero Bound--Paul Krugman
• The Dollar Still Dominates--Linda Goldberg

Recommended Readings

• A Lucas Critique of Monetary Policy as Interest Rates--Nick Rowe
• Credit Boom 2003?--Bill Woolsey
• That “Ungainly” NGDP--Scott Sumner
• How Exorbitant is the Dollar’s “Exorbitant Privilege”?--Maurizio Habib
• The Baseball Card Bubble--Dave Jamieson
• Greece Rescue = Smoke and Mirrors--Yves Smith
• The Low Down on Interest Rates--Ryan Avent

Some Interesting Reading

Some interesting links I came across today:

1. The credit crunch in a flow chart--Barry Ritholtz
2. The world economy looks scary--Rebecca Wilder
3. A truly global slump--Brad Sester
4. Moody downgrades USA credit standing--Felix Salmon
5. Photo essay on global financial crisis--Foreign Policy
6. Unnecessary Depression Angst--Morgan Stanley Global Economic Forum
7. No golden fetters this time around--Nick Rowe

Friday Special

Links
1. The Fed Funds Rate is below the Neutral Rate
2. More "Two Quarters GDP Decline = Recession" Nonsense
3. Mohamed El-Erian on the New Global Economy
4. Only Halfway through the Housing Recession?
5. Breaking the Hold of the U.S. Monetary Hegemon

Macro Reading List

1. The changing housing cycle and its implications for monetary policy.
2. Could IMF have prevented this crisis?
3. How much do we understand about the modern recession?
4. Don't blame China for the rise in inequality.
5. How to spend it.
6. Ut-oh! Is China starting to blame the US for its currency losses?
7. Surplus countries depreciating when they should be appreciating.