Clarifying the crisis

Artículo en Jacobin

"It is crucial to recognize that to insist on the centrality of finance is not to explain the crisis in terms of predatory speculation (though much speculation did of course take place). While finance is a distinct part of the economy in terms of its institutions and role, it isn’t separate from the rest of the economy. That workers had become so dependent on credit was linked to the weakening of unions and the decline or slow growth in wages. That finance grew exponentially and had become so fundamental to the functioning of the economy, in spite of high profits seemingly making credit less important, was tied to finance providing the special funds and services for capitalist restructuring, such as advice and funds for mergers and venture funds, and instruments like derivatives and hedge funds that supported managing risks central to operating in a global environment."

Análisis sobre el legado de Bernanke

Counterparties

Análisis del FT sobre QE. Y de Ambrose Evans-Pritchard

James Galbraith sobre los economistas que sí vieron venir la crisis

Aca

The crisis as a classic financial panic

Discurso de Bernanke. Comentario de Ryan Avent

The future of the european periphery in the mirror of the Asian-Pacific Rim 1997-98

Brad DeLong comenta paper de Carmen Reinhart y Takeshi Tashiro

"Our old belief that you have a trend, and you calculate the trend; that you have a cycle, and you argue over whether the cycle is falls below the trend or fluctuations around it; but that you can carry this discussion along two separate and largely-disconnected tracks--that belief looks to be simply wrong."

What will the 'new normal' for America be?

Excelente análisis de Brad DeLong

Christina Romer: Monetary policy in the post-crisis world: Lessons learned and strategies for the future

Christina Romer. The Economist comenta

What we've learned from the financial crisis

Artículo de Justin Fox

The Economist sobre la crisis financiera

Los origenes de la crisis

Where's the next Lehman?

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Counterparties sobre el aniversario de Lehmann

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The renationalization of European finance

Bruegel

A Minsky meltdown: Lessons for central bankers

Discurso de Janet Yellen

Uncertainty, liquidity hoarding, and financial crises

NY Fed

What should economists and policymakers learn from the financial crisis?

Panel de Ben Bernanke, Olivier Blanchard, Axel Weber y Larry Summers

Las lecciones de la crisis para Blanchard. Comentarios de Brad DeLong y Matias Vernengo

Debate por propuesta de Martin Feldstein de subir las tasas

Brad DeLong

Paul Krugman. Krugman otra vez

Cullen Roche

Brad DeLong compara la crisis actual con la Gran Depresión

Aca

Theories of financial crises

Reseña de la literatura. El paper

Sobre el balance de la Fed y la respuesta a la crisis

Aca

Sobre la respuesta de la Fed a la crisis

Scott Sumner sobre el anàlisis de Janet Yellen. Y sobre el analisis de Frederick Mishkin. Y el de Ben Bernanke

Is 'precautionary saving' still a problem?

David Beckworth

Tyler Cowen sobe un tema relacionado: Why has consumption been so slow to recover?

Brad DeLong explica el porque de haver politica fiscal y monetaria expansiva

Aca