Fed: "Gauging the Odds of a Double-Dip Recession Amid Signals and Slowdowns"


White House: "THE ECONOMIC IMPACT OF RECENT TEMPORARY UNEMPLOYMENT INSURANCE EXTENSIONS"


Fed: "The impact of the originate-to-distribute model on banks before and during the financial crisis"


IMF: "Determinants of Emerging Market Sovereign Bond Spreads: Fundamentals vs Financial Stress"


"GLOBAL METRO MONITOR. A PRELIMINARY overview of 150 GLOBAL METROPOLITAN ECONOMIES IN THE WAKE OF THE GREAT RECESSION"


Fed: "Why Do Banks Reward their Customers to Use their Credit Cards?"


CBO: "Trends in Federal Tax Revenues and Rates"


IMF: "A Status Update on Fiscal Exit Strategies"


Fed: "How do sudden large losses in wealth affect labor force participation?"


World Bank: "The Impact of the Global Financial Crisis on Off-farm Employment and Earnings in Rural China"


BoE: "Extracting information from structured credit markets"


BRR: "Do Parents Live It Up When Children Fly the Coop?"


BoE:"Monetary policy, capital inflows and the housing boom"


BoJ: "A Primer on the Tankan"


World Bank: "Bank Capital Lessons from the Financial Crisis"


BIS: "Banking crises and the international monetary system in the Great Depression and now"

Eoin Treacy's view China today announced a better than expected trade surplus and a 50 basis point hike to bank reserve requirements. Inflation remains a concern and the continued raising of reserve requirements rather than raising interest rates suggests that they are attempting to promote growth while also withdrawing liquidity in a bid to calm inflationary pressures. This section from the abstract of the World Bank report on rural labour trends may be of interest:

However, while it is estimated that 49 million were laid-off between October 2008 and April 2009, half of them were re-hired in off-farm work by April 2009. By August 2009, less than 2 percent of the rural labor force was unemployed due to the crisis. The robust recovery appears to have helped avoid instability.

The above report suggests that while China is now grappling with higher than expected inflation, the stimulus package had the desired effect. The challenge remains to withdraw the stimulus while preserving the pace of economic growth. (Also see David's comments above.)