- St.Louis Fed Graphs
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FOMC Beige Book, 2011 and 2010
Detailed reports from Federal Reserve Banks on the situtation in each district.
- Federal Open Market Committee Minutes See especially August 10, 2010,
Sept. 21, 2010, and November 2-3, 2010 for Quantitative Easing # 2.
- President Bullard of the St. Louis Fed speaking about monetary policy, 27 August, 2010.
- Chicgo Fed National Activity Index
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A Topological Mapping of Explanations and Policy Solutions to our Weak Economy by Felix Salmon.
- Stimulus Smackdown Debate between Brad de Long (Keynesian) and Michele Boldrin (Austrian) on the stimulus.
- Interview with Ben Bernanke on 60 Minutes, March 15, 2009.
- Anatomy of a Meltdown: Ben Bernanke and the Financial Crisis by John Cassidy. New Yorker, Dec. 1, 2008.
- Larry Summers , Director of the National Economic Council, on the economic crisis.
- Free Larry Summers , by Noam Scheiber, The New Republic, 1 April 2009. Extensive interview with, and background on Summers.
on his blog "A slice of lime in the soda", at Reuters, 21 Sept. 2011.
Links to the major explanations of the current crisis, demand-side and supply-side.
- Pocketful of Multipliers (II): Options for Stimulus Packages by Menzie Chinn at the Econobrowser website, 27 Oct. 2008.
- Stimulus math (wonkish). Blog post by Paul Krugman, 10 Nov. 2008. Interesting brief statements on the effectiveness of monetary and fiscal policy, and on the size of the multiplier.
- Fiscal Policy in the Shadow of the Great Depression by Brad deLong. Longer treatment of the use of fiscal policy in the Depression, with introduction making important points about the difference between "cyclical" and "structural" deficits, and of the importance of "automatic stabilizers."
- Did the Stimulus Work? A Review of the Nine Best Studies On the Subject by Dylan Matthews, Washington Post Aug. 16, 2011. One of the best overviews of the debates and the problems faced in interpreting macro data.
- Federal Reserve Policies in the Financial Crisis Speech by Ben Bernanke, Dec. 1, 2008.
- Fiscal Policy Works When It Is Tried by Adam Posen, Chapter 2 of Restoring Japan's Economic Growth , Peterson Institute of International Economics, 1998. Strong parallel with 2008 US crisis.
- Japanese Monetary Policy: A Case of Self-Induced Paralysis? by Ben Bernanke, Dec. 1999 (Princeton working paper; presented at ASSA meetings Jan. 9, 2000.) Of great interest, since one commentator on the speech above referred to "Bernanke-san" adopting measures similar to Japan's.
- Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others by Lars E.O. Svensson, Dec. 2003 [later appeared in Journal of Economic Perspectives
Labor Market
- How Bad Has Job Growth Really Been Over the Last 8 Years? by Alan B. Krueger. Economix blog of the New York Times, Oct. 6, 2008.
Financial Markets and recovery
- Reserve Balances with Federal Reserve Banks Weekly data from St. Louis FRB on banks NOT lending.
- In Michigan, Bank Lends Little of its Bailout Funds by Eric Lipton and Ron Nixon.
Click on the image for a bit of explanation in Jeff Frankel's weblog . The chart was for briefing new members of Congress on the current crisis.