This post recaps a post from over a year and a half ago, in light of surging oil prices. Most attention is rightly focused on the supply side effects of the increase in the real price of oil. However, another facet is the impact on transportation costs, and hence the tradability of goods across borders.
2008 NCAA Bracket Econbrowser Challenge
Less than 21 hours left to sign up for the 2008 NCAA Bracket Econbrowser Challenge. Register and fill in your bracket both at this link.
Another 75
How much ammo is left in that fed funds gun?
Iraq Burn Rate > $12 billion per month?
That’s what’s implied by the graphic in today’s NYT article, based on CBO data.
Not a bailout
How shall we describe what happened this weekend with Bear Stearns? The first big casualty of the credit crisis, yes. Bailout, no.
March madness
No, I’m not talking about the credit markets– I’ll take those up in my next post, I promise. But first I need to discuss something really important, namely, the men’s college basketball tournament.
Limits to Expenditure Switching? Monetary Policy, Intervention, and Tradability
Currently, net exports are one of the few bright spots in the US economy. As Krugman points out, this is the one area where monetary policy is proving effective: by driving down the value of the dollar, expenditure switching is being induced.
President Bush Discusses Economy
THE PRESIDENT: Mr. Secretary, thank you very much for coming by today to talk about the economic situation — we’ll be meeting later on this afternoon with the President’s Task Force on Financial Markets.
TSLF
Last week the Fed announced yet another new measure to deal with the ongoing problems in credit markets in the form of a just-created
Term Securities Lending Facility, which we’re apparently invited to refer to affectionately as a TSLF.