Monetary Economics Links

With the United States debt ceiling debate coming to a head, the recently released downward revisions of GDP data from the last few years, and talk of a second recession (or that there was never a recovery in the first place), I have been reading more than usual about monetary policy and macroeconomics. Here are some articles, posts, and other stuff I have been reading and found interesting enough to share here.

The "little depression" just got bigger by Brazilian economist Marcus Nunes

Recessions compared by GDP % change and employment % change

Greg Mankiw thinks Bernanke and the Fed have done a decent job

Scott Sumner on thinks Mankiw was too easy on Bernanke and that he should work for the Fed

Tim Harford's clever debt ceiling analogy

A letter to Timothy Geithner on what could happen if the debt ceiling isn't raised

NPR Planet Money Podcast: Would US credit rating downgrade matter?

Matt Yglesias on the difference between Inflation Targeting vs Price Level Targeting

Paul Krugman thinks more government spending is needed (I disagree, for long term concerns. Perhaps the optimist in me believes there are other ways to stimulate the economy... For starters, how about addressing all of the uncertainty related to the debt ceiling debate.)

Paul Krugman rips on the Maestro

Update: Tyler Cowen defends Greenspan

Apple has more cash in reserves than the US Treasury (this is all over the place a popular news story right now, but still amazing)

Update: A somewhat pessimistic view of the Sunday debt deal by Ezra Klein

I realize this compilation is somewhat all over the place, but it is worth reading.