Bernanke vs. the Borg: A Short History of the Fed's Amazing Transformation by Matt O'Brien

(via DeLong)

Global Economy: Some Bad News and Some Hope by Olivier Blanchard

The main force pulling up growth is accommodative monetary policy. Central banks continue not only to maintain very low policy rates, but also to experiment with programs aimed at decreasing rates in particular markets, at helping particular categories of borrowers, or at helping financial intermediation in general.

(Yglesias, Thoma, Krugman)