News
WSJ | IMF Calls for China Banking Revamp
China needs to revamp its banking system so that it relies more on market mechanisms, such as interest rates, to head off a "steady build-up of financial sector vulnerabilities," the International Monetary Fund said, in its first broad review of China's financial system.
WSJ | Data Bolster China's Currency Case
Drop in Current-Account Surplus Further Evidence Beijing Is Shifting Economy Away From Export Dependence.
Market Watch | Prices for U.S. consumers drop in October
Americans got some relief in October as the cost of living fell, mainly because of lower prices for gasoline, fruits and vegetables, the government reported.
Econ Comments
Bloomberg | Fed Presidents Differ on More Monetary Easing in Quest to Boost Employment
Federal Reserve officials aired divisions over whether the central bank should wait to see if the economy deteriorates before taking further steps to reduce borrowing costs and lower unemployment.
Blogs
Econlog | Measurement Problems: House Price Inflation
If you are a consumer, you can say that the housing component of your cost of living went up. If you are a renter, rents have gone up. If you are an owner, the decline in the value of your home can be imputed as a "rent" that you paid to live in your house.
Atlantic: Megan McArdle | Save the Euro! (If You Can)
We got a little breathing room after the Greek and Italian prime ministers resigned, and now once again, Italy is flirting with disastrous rates on its bonds, the kind that trigger full-on credit crisis. And now French and Belgian bonds--and even those of the Netherlands--are under pressure.
WSJ: Real Time Economics | Fed’s Evans Seeks To ‘Take New Chances’ on Monetary Policy
The slow-to-recover U.S. economy requires the Federal Reserve to “stretch the boundaries and take new chances” on monetary policy, a key Fed official said Tuesday.
