On the blogs

Trading Places -- David Warsh on the rise and fall of Keynesianism (i.e. Narayana Kocherlakota) at the Federal Reserve Bank of Minneapolis. A bit old, but worth reading

October Fed Minutes Reinforce New Neutral View -- Richard Clarida on the October minutes, which everybody thinks confirm that rates will rise in December. Minutes are here

The expansionary austerity zombi -- Krugman on why it doesn't go away. Funny thing, it's a New Keynesian invention

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