Related Web Links – Module 36 - The Modern Macroeconomic Consensus

Keynesian Economics and the Financial Crisis of 2008:

WSJ opinion, February 2009, “Don't Believe the Stimulus Scaremongers Americans are losing faith in the fairness and wisdom of economic policy,” http://online.wsj.com/article/SB123482908053095381.html.

WSJ, January 2009, “The New Old Big Thing in Economics: J.M. Keynes,” http://online.wsj.com/article/SB123137373330762769.html.

WSJ Opinion, January 2009, Barro, RJ, “Government Spending Is No Free Lunch,” http://online.wsj.com/article/SB123258618204604599.html.

NYT, September 2009, Krugman, “How Did Economists Get It So Wrong?” http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?pagewanted=all.

NYT, November 2008, Krugman, “The greatness of Keynes …” http://krugman.blogs.nytimes.com/2008/11/30/the-greatness-of-keynes/.

Monetary Policy and Financial Crisis:

WSJ Opinion, July 2009, “Let’s Break up the Fed; The Federal Reserve has done a terrible job at financial regulation. Why give it more power?” http://online.wsj.com/article/SB10001424052970203946904574300263148640896.html.

WSJ Opinion, July 2009, Bernanke, B; “The Fed’s Exit Strategy,” http://online.wsj.com/article/SB10001424052970203946904574300050657897992.html.

NYT, June 2009, “What Monetary Policy Cannot Do,” http://economix.blogs.nytimes.com/2009/06/17/what-monetary-policy-cannot-do/.

NYT Opinion, October 2009, Krugman, “Misguided Monetary Mentalities,” http://www.nytimes.com/2009/10/12/opinion/12krugman.html.

WSJ, September 2009, “Economists React: Fed Becomes ‘True Believer’ in Recovery,” http://blogs.wsj.com/economics/2009/09/23/economists-react-fed-becomes-true-believer-in-recovery/.

WSJ Opinion, October 2009, “How the Fed Can Avoid the Next Bubble The central bank needs to watch asset prices and raise rates quickly when it decides the time is right,” http://online.wsj.com/article/SB10001424052748704471504574446941541499588.html.