IMF:Fiscal Policy During Financial Crisis

The International Monetary Fund published December 29th, 2008 a staff position note named Fiscal Policy for the Crisis. The document, among other things, reviews five case studies of fiscal policy during financial crisis featuring the Great Depression, the Banking Crisis in Japan in 1997, the Economic Crisis in Korea in 1997, the Savings and Loan (S&L) Crisis in the US (1980s–1990s) and the Nordic Banking and Economic Crises.

Lessons from history are thought usually helpful for assessing market situations. Take your time to review.

Antonio Spilimbergo, Steve Symansky, Olivier Blanchard,and Carlo Cottarelli
806K PDF, 38 pages

The Future of Life-Cycle Saving and Investing

The Future of Life-Cycle Saving and Investing

Life-cycle finance is the branch of finance that affects everybody. The Research Foundation of CFA Institute teamed with Boston University and the Federal Reserve Bank of Boston to present a conference exploring the frontiers of life-cycle finance. Insights from such leading thinkers as Paul Samuelson, Robert Merton, and Zvi Bodie are captured in these proceedings of the conference.

The Second Edition (February 2008), with additional comment, is now available (online only) on the web site of CFA Institute.

The Future of Life-Cycle Saving and Investing, Second Edition (Full PDF)
Zvi Bodie, Dennis McLeavey, CFA, and Laurence B. Siegel
Research Foundation Publications, The Future of Life-Cycle Saving and Investing, Second Edition(February 2008): 1-183.
Abstract Full Text PDF(1975K) Linked PDF(2000K)