Assorted Links

1. WSJ Blog reflects on the new liquidity measures taken by Fed. It also points this might indicate Fed may not increase rates anytime soon.

2. WSJ Blog points to a study analysing the impact of fiscal stimulus

3. Krugman not surprised by Doha failure. Rodrik says no need to panic as there were hardly any gains for poor countries

4. PSD Blog points to a new paper from Thorsten Beck which says:

We find that it is bank lending to enterprises, not to households, that drives the positive impact of financial development on economic growth.

5. Ajay Shah responds to the monetary policy announcements ( he calls it credit policy as he believes we don’t have a monetary policy in India) . He says – “we need to see that this kind of shock therapy is not what a mature market economy does”. He calls India a mature market economy!!

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