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April 21, 2005

David Altig on "Hard Landings"

From his lair in the Cleveland Fed, David Altig moves the ball forward on the question of how should the Fed watch out for and avoid a "hard landing" whenever Asian central bank dollar-denominated reserve accumulation ceases:

http://macroblog.typepad.com/macroblog/2005/04/landings_hard_a.html
http://macroblog.typepad.com/macroblog/2005/04/landings_hard_a_1.html
http://macroblog.typepad.com/macroblog/2005/04/landings_hard_a_2.html

The last is mostly excerpts from a very nice speech by his boss, President Sandra Pianalto of the Cleveland Fed.

Posted by DeLong at April 21, 2005 12:55 PM