Saturday, April 14


A couple of links to pages I have enjoyed.

First, I quite like Richard Koo's notion of a balance sheet recession. I am attracted to the parsimony of his theory. Anyway, Koo has a new presentation on the world in a balance sheet recession.

Second, a fascinating set of papers from a 13 April conference on the global finance crisis. I particularly enjoyed Brad DeLong's and Paul Willen's.

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