Entries tagged "The Baseline Scenario"

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More on whether finance is too big

Two papers by New York University economist Thomas Philippon cast a weak, but necessary light on one of the central issues of the age: Is finance too big or too dysfunctional? Continue reading

Posted on March 5, 2012 1:06 PM

Andrew Lo and the wisdom of reading 21 crisis books

MIT economics professor Andrew Lo has written a paper for the 'Journal of Economic Literature' summarizing, with a few general points, some 21 books on the financial crisis. This is a task I, a certified lunatic, also tackled several years ago. Continue reading

Posted on February 3, 2012 3:18 PM

The truth about bank capital

I would, if forced to take a stand, vote for higher capital standards for the big banks, though the question is not nearly as clear and straightforward as Joe Nocera makes out in a recent New York Times article. Continue reading

Posted on June 21, 2011 1:02 PM

Peter Temin on natural economics

The biggest problem here is that a free and perfect market is as much as myth as the state of nature: Markets are created, regulated and manned by homo sapiens. Continue reading

Posted on May 16, 2011 2:47 PM

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