Monday, September 19, 2011

Interpreting the recession

A nice column from David Warsh at Economic Principals on which past recessions provide the best analogue to the current one, and the implications of the choice for optimal policy responses.
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1 comment:

Dan said...

I was there, and I don't really agree with Warsh's interpretation of what Eichengreen was saying. He seems to take two or three sentences that were asides and inflate them in importance. I recommend reading through the address in its entirety, which he links to.

Having read one and reread/heard the other, I think Eichengreen did a much better job. In fact, I'm not even sure what Warsh is adding, other than bringing attention to the EHA address.

September 19, 2011 at 2:22 PM

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