Recent quotes:

Lunchtime Must-Read: Olivier Blanchard: Contours of Macroeconomic Policy in the Future - Washington Center for Equitable Growth

Raghuram Rajan, Ken Rogoff, Larry Summers and I are organizing a third conference, ‘Rethinking Macro Policy III: Progress or Confusion?’… …April 15-16 at the IMF. Much of the discussion… has centered (rightly) on… what measures to take during a financial or sovereign crisis, what to do at the zero lower bound, how to design quantitative easing, at what rate should fiscal consolidation take place?The focus of our conference will be instead on the architecture of policy when (hopefully) policy rates have become positive again, and most countries are growing and have stabilized debt-to-GDP ratios. In other words, how will/should macro policy look once the crisis is finally over?…
#Olivier-Blanchard - equitablegrowth.org

Afternoon Must-Read: Paul Krugman: Phantom Phiscal Crises - Washington Center for Equitable Growth

Paul Krugman: Phantom Phiscal Crises: “Matthew Klein takes on… …the mysterious, persistent fear that Japan and other countries that borrow in their own currencies could suddenly face a Greek-style fiscal crisis…. It’s not just BowlesSimpsonGreenspan who believe in the threat; Taka Ito… is a good and sensible economist; so is Olivier Blanchard…
#Paul-Krugman #Olivier-Blanchard #Taka-Ito #Japan #Fiscal-Crises - equitablegrowth.org