Today's Must-Must-Read: David G. Blanchflower and Andrew T. Levin: Labor Market Slack and Monetary Policy

Mark Dow on Twitter: ""How can you put a financial crisis in real life down to departures from a rule whose benefits were derived in a model that had no finance?""

Tweet of the Day: Mark Dow: On Twitter on Tony Yates on John Taylor: "How can you [i.e., John Taylor] put a financial crisis in real life down to departures from a rule whose benefits were derived [by John Taylor] in a model that had no finance?"

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