Archive for May 17th, 2010

Narayana Kocherlakota Reviews state of macroeconomics

May 17, 2010

We have some more stuff again. But this one is very good and from a policymaker.

Narayana Kocherlakota, President of Minneapolis Fed writes an excellent analysis reviewing macro models, the changes since 1970s and the limitations.

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Trichet defends ECB independence

May 17, 2010

John Taylor is one of the leading economists criticising Fed in this crisis.

Now he has  kickstarted criticising ECB as well. He said ECB agreeing to buy govt and pvt sector bonds leads to questions over ECB independence. In his blog he says other articles have come up as well:

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