Assorted Links

1. JR Varma on Bank of England U-Turn.

2. TTR on Moral Hazard.

3. WSJ points to a new paper from Fed which asks:

A key question for the global economy is whether it can grow without tailwinds from the U.S. and even eventually serve as a source of demand growth here via exports. The Fed paper’s conclusions appeared mixed, depending on the country

It points to another paper from Atlanta Fed which says  mortgage led to higher home ownership in India.

4. A nice snapshot of the financial risks in the world.

5. Rodrik on the pains one has to go through after submitting a paper for a journal.

6. SS Aiyar brings a lot of sense to the Fed rate cut.

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