One thing which I really miss in this crisis is the speeches by Bernanke (especially be Bernanke) where he explained key economic concepts and policies. Earlier such speeches were pretty common. Now they are rare (very rare) with most speeches on economic outlook and crisis.
Ok so this is one such rare speech. He speaks at Princeton University (his homeground) and talks like a professor (and not Chairman Bernanke). He says:
P. Vaidyanathan Iyer of Indian Express has this very interesting story on the topic. He explains how Indian policymakers got together to save India. It looked very bad in the beginning around October-2008 and then condition improved slowly.
Though John Taylor’s some ideas may not be acceptable to a few (including me), his blog is just wonderful. He comes with really interesting posts and articles.
In his recent post he looks at whether the impact of foreign interest rates matter in central bank decisions. The focus is on this crisis but it could be applied generally as well. He points to examples of Norway and Sweden where foreign interest rates matter greatly:
