The Fear of Fear

This week's edition of The Economist has the Blanchard Roundtable featuring a Economic Focus column by Olivier Blanchard:

"(Nearly) nothing to fear but fear itself."

There are responses to the column by

• Eswar Prasad: A con game?
• Mark Thoma: Self-fulfilling policy pessimism?
• Tyler Cowen: The economy needs a placebo
• Alberto Alesina: Understand our limits
• Robert Shiller: The confidence multiplier
• Ricardo Caballero: An insurer of last resort

There will be additional responses, and I'll update this as they appear.