Nice summary of a paper that shows why it is difficult to figure out how big the multipliers are.
More Cochrane bashing (and one of the best ones).
Short paper by Gary Gorton on the liquidity aspect of the crisis.
The Economist's Free Exchange summarizes some recent writings on the fiscal debate.
Tim Duy's Fedwatch (compliments of Mark Tahoma).
Marc Auboin looks at the challenges lying ahead for trade financing.
Some more oil analysis from Goldman- this one concentrates on flows to oil ETFs.
The TARP relief index is not doing well.
Excellent post by Menzie Chinn on why fiscal policy may be ineffective.
Is it a shortfall in Chinese demand for the world’s goods, not Chinese demand for the world’s bonds?