Thursday, October 16, 2008

Why mind you?

On Krugman’s Nobel Prize Sumen Bery writes in Business Standard “one cannot help but feel that politics has entered the Nobel selection process a little more than is healthy”.

Yes in his same article, there is a different issue “that it is not the job of monetary policy to nip asset bubbles in the bud. In their view it is impossible to spot a bubble in advance; the role of monetary policy is instead to protect the real economy once the bubble bursts”.

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