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Monday, August 16, 2010

What Actions Should the Fed be Taking? Do Authoritarian Governments Reduce Growth?

The Economist asks:

1. What actions should the Fed be taking?

My stock answer is here. I decided to stay on message with regard to fiscal policy. I don't think we should let Congress off the hook as we criticize the Fed for its inadequate response. There are also responses from Viral Acharya, Laurence Kotlikoff, Guillermo Calvo, Michael Bordo, and Tom Gallagher, with (perhaps) more to follow. (all responses)

There is another question:

2. Do authoritarian governments reduce growth?

I didn't answer this one, but there are responses from Ricardo Hausmann, Alberto Alesina, Lant Pritchett, Daron Acemoglu, and Arvind Subramanian. Again, additional responses may follow. (all responses)

    Posted by on Monday, August 16, 2010 at 10:17 AM in Development, Economics, Monetary Policy | Permalink  Comments (25)



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