Friday, January 2, 2009

Interesting Picks

The week in pictures from Econompicdata.

If you have New Year Resolutions, here's how Economics can help.

Charts from Council on Foreign Relations comparing the current downturn to previous recessions in terms of key macro variables.

In a similar vein, according to a recent Reinhart Rogoff paper, as summarized by Yves Smith, past financial crises suggest we have not seen the bottom yet.

2008 has been the year of the humbling of the economist, but as WSJ points out, some got it right; they even have an interactive graphic of the Cassandras.

James Hamilton revisits of a 2007 paper to analyze the role of oil prices on consumption. In a follow-up, he explains how this relationship contributed to the recession.

Some fun with the AEA papers.

We don't know if it will work in the US, but puring money into has definitely not worked in Latin America.

Felix Salmon summarizes the Taleb vs. Merton debate.

Tyler Cowen's famous mistakes in Economics.

More on targeting stock prices.

2008 volatility awards.

Rebecca Wilder argues that it is better to use non-seasonally adjusted numbers in the BLS employment report for now.

Econospeak on earlier episodes of negative interest rates and a couple of words on negative prices in general.

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