on bloggingheads. We both express some humility about what macroeconomics can do.
The New York Times decided to extract the section on bank bailouts.
Apr 27 2009
Ravi Balakrishnan and others write, Evidence from past systemic banking crises in advanced economies (the US in the 1980s and Japan in the 1990s) shows that the decline in capital flows to emerging economies tends to be sizeable. Since then, banking-sector globalisation has continued, and the risks of large-scale dele...
Apr 26 2009
I was on travel, including my health care debate in Vermont (Robert Kuttner was sick, and David Corn filled in). Now, I have galleys of two books to go over. One is something I wrote quite a while ago with Nick Schulz on the intangible factors that make for prosperity. The other is something on competitive governmen...
Apr 26 2009
on bloggingheads. We both express some humility about what macroeconomics can do. The New York Times decided to extract the section on bank bailouts.
READER COMMENTS
Dan
Apr 26 2009 at 10:22pm
Both links are to the NYT clip
George
Apr 27 2009 at 9:28am
Here’s the whole thing:
http://bloggingheads.tv/diavlogs/19178
Falcon
Apr 27 2009 at 4:55pm
It seems that despite all of the humility expressed about macro knowledge, at the end Thoma still advocates using a portfolio approach employing the levers and buttons (or “thrusters” and “rocketpower”) that just received heavy skepticism. Personally, it left me still wanting more explanation on how to properly balance troubled models and appropriate action.
Nonetheless, it was a good step in propelling the conversation forward. thx
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