Links for 12-31-2012

• Fed's Computer Models Pose Problems - WSJ.com
• The Macroeconomics of Middle Earth - Frances Woolley
• Big Depositors Seek a New Safety Net - NYTimes.com
• An All-Star for the Team of Rivals? - Economic Principals
• Another year in thrall to the central bankers - Gavyn Davies
• Back when fifty years was a long time ago - West Coast Stat Views
• "We are all in it together," and benefits taxes - Richard Green
• Is Our Austerians Learning? - Paul Krugman
• The Hostage Drama Begins - Paul Krugman
• Should Japan "reflate"? - Noah Smith