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April 27, 2008
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J. Bradford DeLong, Professor of Economics at U.C Berkeley, a Research Associate of the NBER, a Visiting Scholar at the Federal Reserve Bank of San Francisco, and Chair of Berkeley's Political Economy major.
Among his best works are: "Is Increased Price Flexibility Stabilizing?" "Productivity Growth, Convergence, and Welfare," "Noise Trader Risk in Financial Markets," "Equipment Investment and Economic Growth," "Princes and Merchants: European City Growth Before the Industrial Revolution," "Why Does the Stock Market Fluctuate?" "Keynesianism, Pennsylvania-Avenue Style," "America's Peacetime Inflation: The 1970s," "American Fiscal Policy in the Shadow of the Great Depression," "Review of Robert Skidelsky (2000), John Maynard Keynes, volume 3, Fighting for Britain," "Between Meltdown and Moral Hazard: Clinton Administration International Monetary and Financial Policy," "Productivity Growth in the 2000s," "Asset Returns and Economic Growth."
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Egregious Moderation
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- Roderick Long: Those Who Control the Past Control the Future
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- How Projected Surpluses Became Deficits: Main Causes Were Tax Cuts and Higher Security Spending
- Economist Mom: Greenspan: Yes, There Is Such a Thing As An Unaffordable Tax Cut
- Tom Friedman Says John McCain Is Dishonest and Dishonorable
- Janet Yellen: The U.S. Economic Situation and the Challenges for Monetary Policy
- Katha Pollitt: I knew Incitatus. Incitatus was a friend of mine. Sarah Palin is no Incitatus!
- Hilzoy on How the Sarah Palin Choice Teaches Us About McCain
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- Daniel Gross on the deluded Obama critics who think $250,000 is a middle-class salary
- Justin Fox: My visit to Merced, epicenter of the real estate bust
- James Fallows: China Makes, The World Takes
- Paul Krugman on American Richistan
- Jagdish Bhagwati: The selfish hegemon must offer a New Deal on trade
- Jon Chait: Bush 36,000
- Steven Pearlstein: When Progress Is A Walk in the Park
- Peter Mansour: How The Surge Worked
- Ezra Klein: What White People Like
As it should.
The atomic economists would say that the aggregation function should appear for a while, then disappear; and its ultimate efficiency is how well it does the disappearance and reappearance act, its quantum efficiency.
Posted by: Matt | April 27, 2008 at 11:57 AM
strictly speaking, non-conforming securitisation is dead. Fannie and Freddie are still writing plenty of loans. In fact, they and the FHA are about the only ones in the mortgage funding business at the moment.
Posted by: cb | April 27, 2008 at 12:21 PM
The keystone of the Bush economy crumbles...
Posted by: Neal | April 27, 2008 at 04:18 PM
enertechie--"AR"=annual rate--it shows a very steep fall.
Posted by: Neal | April 27, 2008 at 08:14 PM
Doesn't "AR" mean annualized rate? It doesn't really look plausible for it to be showing anything else. In that case, there's nothing misleading about it. It did throw me a little to start with though.
Posted by: dp1 | April 27, 2008 at 08:18 PM