Federal Reserve Chairman William McChesney Martin famously declared that the Federal Reserve “is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.” This paper uses the punch bowl metaphor to analyze how the Federal Reserve can improve monetary policy so as to deliver [...]
Thomas Palley considers the following as important: Economics, Political Economy, U.S. Policy
This could be interesting, too:
Michael Pettis writes What Is GDP in China?
Jeff Mosenkis (IPA) writes IPA’s weekly links
Mike Norman writes Clint Ballinger — 1000 CASTAWAYS: Fundamentals of Economics — Introduction
Lars Pålsson Syll writes Paul Krugman — a methodological critique