Assorted Links

  • China has released a statement on making its exchange rate flexible. Here are a few discussions
  • Delong and Cowen war of words
  • Krugman gets the global economy prize awarded by Kiel Institute, Germany. He has an interesting conversation with Germans 🙂
  • Mike Moffatt of Worthwhile Canada Blog has a superb analysis on Canada’s fiscal austerity program. Krugman had recently argued that Canada gained despite fiscal consolidation because of 2 reasons – loose monetary policy and currency devaluation. Moffaat says yes mon pol was loose but currency did not devalue. Infact currency moves in opposite direction.
  • Hamilton on inflation or deflation in US?

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