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How to Avoid Recession? Let the Fed Work
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Gregory Mankiw would like to see the Fed's Ben Bernanke and his colleagues and staff do the job they are doing and not see Congress intervene with fiscal stimulus or other intervention. The Fed and the ECB are led by a good team of economic risk managers and they should be allowed to take care of the economy as it enters 2008 through rate cuts and other moves to help restore growth and overcome the housing and mortgage crisis.See the link to December 6, 2007, BW for an interview with Martin Feldstein. Feldstein thinks a tax cut may be necessary in 2008 and takes a much more serious view of the current situation.
What's ahead of the U.S. Economy- January 2008
12/06/2007
What to expect to see in the U.S. economy as the country enters a recession. The take from economists and experts.
Grouped Articles
U.S. Mortgage Crisis Rivals S&L Meltdown
Wall Street Journal 12/10/2007
Wall Street Journal 12/13/2007
Martin Feldstein: The Danger Ahead
BusinessWeek 12/06/2007
How to Avoid Recession? Let the Fed Work
New York Times 12/23/2007
Economist 12/29/2007
Some Fear Economic Stimulus Is Already Too Late
New York Times 01/13/2008
Views of experts on resolution of the financial crisis of 2008
12/06/2007
Different views of well known experts on what is to be done in the current economic crisis. Feldstein, Mankiw and others at the beginning of 2008.
Linked Articles
How to Avoid Recession? Let the Fed Work
New York Times 12/23/2007
Martin Feldstein: The Danger Ahead
BusinessWeek 12/06/2007
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