Links for 2012-01-14

• Some Good Economic News, but Will It Last? - Laura D'Andrea Tyson
• What's Really at Stake in the Payroll Tax Fight - Larry Bartels
• Sanjay Reddy on economics - Crooked Timber
• Leaderless Global Governance - Dani Rodrik
• Bubble Memories - Paul Krugman
• S&P downgrades Europe - Felix Salmon
• Does the Current Account Still Matter? - Perry Mehrling
• Untruths, Wholly Untrue, And Nothing But Untruths - Paul Krugman
• Inflation, Slack, and Fed Credibility - Staff Papers FRB Dallas
• Do international reserves buffer terms-of-trade shocks? - Vox EU
• New Fed Nominee Jeremy Stein, Rethinking Monetary Policy - Tim Taylor
• Low Interest Rates and Housing Bubbles: No Smoking Gun - Ken Kuttner
• Using Policy Intervention to Identify Financial Stress - FRB Working Papers