Causes, Consequences and Prospects, edited by Richard Baldwin
From Baldwin’s introductory chapter:
World trade experienced a sudden, severe and synchronised collapse in late 2008 — the
sharpest in recorded history and deepest since WWII. This Ebook — written for the world’s
trade ministers gathering for the WTO’s Trade Ministerial in Geneva — presents the economics profession’s received wisdom on the collapse….
From the folks who brought you Cash for Clunkers.
Back in late October, I was invited to a Bank of Canada workshop (organized by Brigitte Desroches and James Rossiter), entitled “Understanding economic outcomes in uncertain times”. I was flattered (and a little surprised) to be asked to participate in a panel discussion on “blogonomics”, chaired by David Wolf of the Bank of Canada. On the panel were esteemed fellow bloggers David Altig of Macroblog and Stephen Gordon of Worthwhile Canadian Initiative.
Today’s NYT article suggests apocalypse (very) soon:
…the government faces a payment shock similar to those that sent legions of overstretched homeowners into default on their mortgages.
Do we really need to worry so much in the short term?
UCSD Ph.D. candidate Sam Dastrup has completed a very interesting study with his advisor Professor Richard Carson of what accounts for differences across U.S. communities in the magnitude of the decline in real estate prices that we’ve seen over the last several years.
There’s been some discussion of how the GDP estimates for 2009Q3 might be revised downward in light of the September trade release [1]. e-Forecasting has presented its latest estimates up to October, and Macroeconomic Advisers through September. Macroeconomic Advisers writes:
Travis Berge and Oscar Jorda of the University of California, Davis have an interesting new paper on statistical criteria for distinguishing economic expansions from recessions.