Robert Shiller: The ghost in the recovery machine, by Robert J Shiller, Commentary, Project Syndicate: The International Monetary Fund’s October World Economic Outlook proclaimed that, “Strong public policies have fostered a rebound of industrial production, world trade, and retail sales”....

Richard Baldwin and Daria Taglioni warn that the recent improvement in trade balances brought about by the recession is likely to be temporary since the underlying forces generating global imbalances are still present, and " the recovery of trade flows...

Employment Policy - Angry Bear Discretion and financial regulation - Interfluidity Economic theory and the crisis - voxeu.org Did financial globalisation make the US crisis worse? - voxeu.org The illusion of improving global imbalances - voxeu.org More Lessons from the...

Robert Reich: An Open Letter to Harry Reid on Controlling Health Care Costs, by Robert Reich: Dear Senator, I know you're in a tough spot. It would be bad enough if you only had to get Ben Nelson, Evan Bayh,...

At MoneyWatch: Why We Need an Individual Mandate for Health Insurance, by Mark Thoma

What should we do about "the terrible employment situation"?: Free to Lose, by Paul Krugman, Commentary, NY Times: Consider, for a moment, a tale of two countries. Both have suffered a severe recession and lost jobs as a result —...

Small businesses, small banks, big problems? - macroblog The Europeanization Of America - Forbes.com Automobiles on Steroids - NBER Digest Localism and assemblage theory - UnderstandingSociety Debunking the size of the carry trade - FT Alphaville FDIC saves securitisation -...

I really hope that the conversation in the comments to the post What's Wrong with Modern Macroeconomics: Conference papers will continue: Barkley Rosser said... I should have guessed that de Grauwe might have a good paper. So, Mark, what have...

At MoneyWatch:Why The Federal Reserve Needs To Be Independent, by Mark Thoma

The agony of Fox Business - Paul Krugman The Road Ahead for Asia's Economies - Timothy Geithner et al Politico Does Economic Analysis... - Econbrowser Would a Jobs Credit Work? A Response to Pozen - Growthology Freakonomics again: How does...

Jeff Sachs: Obama has lost his way on jobs, by Jeffrey Sachs, Commentary, Financial Times: ...The Obama administration’s stimulus policies are not well-targeted. The Republican alternatives are even worse. Both sides are missing the key fact: the US economy needs...

The agony of Fox Business - Paul Krugman The Road Ahead for Asia's Economies - Timothy Geithner et al Politico Does Economic Analysis... - Econbrowser Would a Jobs Credit Work? A Response to Pozen - Growthology Freakonomics again - Andrew...

At MoneyWatch: Will There be a 'New Normal' for Unemployment?, by Mark Thoma

Anil Kashyap and Frederic Mishkin are worried that the Ron Paul proposal to audit the Fed will "cripple policy making": The Fed Is Already Transparent, by Anil Kashyap and Frederic Mishkin: Under the banner of increasing Federal Reserve transparency, Congressman...

A comprehensive solution to combustible markets - Barney Frank Talking about Tomorrow’s Monetary Policy Today - FRBSF Economic Letter Bernanke Learns Flexibility in the Debate Over Fed’s Role - NYTimes.com Banks bill seeks to strip Fed of powers - FT.com...

For the first few years I was doing this, I'd often complain that government regulators weren't doing enough to intervene in cases where firms had substantial market power. But this was mainly an economic worry about how market power leads...

I have a new blog at CBS MoneyWatch. They named it named Maximum Utility. I will be posting there approximately ten times a month on, for the most part, issues making headlines in the news (nothing will change in terms...

Gary Burtless argues that the job creation numbers the administration issued underestimate the true size of the impact: Counting the Jobs Produced by the Stimulus, by Gary Burtless, Brookings: When the stimulus package was enacted last winter, the Administration said...

Can real world agents actually find the Nash equilibrium that is used to describe their behavior in economic models?: What computer science can teach economics, by Larry Hardesty, MIT News Office: Computer scientists have spent decades developing techniques for answering...

It Wasn't Lax Lending Standards. Really. - The New Republic Counting Jobs Saved by Obama’s Fiscal Stimulus - Jeff Frankel More on Bullard - Money Supply Who’s afraid of the big, bad Fairness Doctrine? - The Boston Globe Raising prices...

Frederic Mishkin says there's no reason to worry that a new bubble is inflating: Not all bubbles present a risk to the economy, by Frederic Mishkin, Commentary, Financial Times: There is increasing concern that we may be experiencing another round...

In the first year or so after I started doing this I had one or two discussions about the length of excerpts, and I've always complied with any request (though not without first trying to negotiate, which was more than...

If the economic crisis allows Republicans to gain enough ground in the midterm elections to gridlock government, watch out: Paranoia Strikes Deep, by Paul Krugman, Commentary, NY Times: Last Thursday there was a rally outside the U.S. Capitol to protest...

George Soros says we need a new world order. After talking about the need for a new Bretton Woods conference to "establish new international rules, including treatment of financial institutions that are too big to fail and the role of...

From Calculated Risk: WalMart: Quote of the Night, by Calculated Risk: A quote from a conference this weekend, from the NY Times: "There are families not eating at the end of the month,” said Stephen Quinn, executive vice president and...

How we can restore trust in financial institutions - Gordon Brown Against a transactions tax - Chris Dillow Jobless Recovery - NYTimes.com Offshoring and composition of home employment - voxeu.org The Recession’s Over, but Not the Layoffs - NYTimes.com In...

Failure to enact health care reform will be costly: The cost of not enacting health care reform, by Linda J. Bilmes and Rosemarie Day, Commentary, Boston Globe: Much of the health care debate is focused on whether the country can...

Daniel Little wonders what accounts for the spontaneous occurrence of cooperation and collective action: Assurance game, by Daniel Little: How does a group of people succeed in coming together to contribute to a collective project over an extended period of...

Nick Rowe says central banks hold assets for three reasons: Why do central banks have assets?, by Nick Rowe: If you look at the balance sheet of a central bank, you will see it has liabilities (mostly currency) and assets...

In Health Care Bills, a Catalyst for Salaried Doctors - Robert Frank - NYTimes.com Trade spat heating up - Free exchange Dogs verus SUVs - Salon.com Towards a Monetarist theory of Neo-Chartalism - Worthwhile Canadian Initiative Decoupling and the future...