DoF/NTMA Updates

IMF Surveillance in Europe

ECB OP here.

Rogoff on Greece

here.

Ideological Differences between Economists

Scott Sumner provides a valuable discussion of the shifting ideological biases of American economists in this piece.

Where did all the money channelled into property-backed lending go?

Patrick Honohan provides an accounting of the gains and losses from the property boom-bust cycle here.