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NYU Stern business school economists on the crisis, pinning down the real causes much to the same factors as Caballero did (1st bullet point). The book they advertise will certainly be widely read.
Category: quote
Sunday evening econlinks
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A WSJ article by Reinhart and Rogoff, on what past crises around the world might teach us for the current crisis. It really ain’t lookin’ that good… I have obviously attended Ken Rogoff’s presentation of this research at the recent ASSA in San Francisco.
A Blog Stimulus
And since everybody’s concerned about the fiscal stimulus & co…, here’s the likely-to-be-best proposal in that realm (via MR). And here’s an absolutely great quote from it, to memorize over the weekend and save for future reference:
With sufficient momentum we can make sure the stimulus is not wasted on filling in freshly dug holes, fixing the environment or building bridges to nowhere – all things that the market is perfectly capable of doing by itself.
→ Read more On cats
→ Read morewhile talking about animals seems easy, a thorough analysis on cats is a nightmare. let us see the dogs. stereotypes about dogs are more clear-cut: common sense conceptualize them as long standing markers of faithfullness, accuracy, and addiction to well known spaces.
Econlinks
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McCloskey and Ziliak vs. Hoover and Siegler, from the (very welcome, long overdue…) statistician’s perspective. Gelman has extremely interesting points and I agree with most of them, except that I think (and he partially admits…) he does not know much (euphemism…) about the rational addiction & co literature, so let us leave that point out, shall we (in any case it is not related to the matter at hand)…