Hong Kong Monetary Authority, the de facto central bank of Hong Kong, announced on April 22 that it will utilize the Fed's FIMA Repo facility to borrow USD 10 billion of cash.
Rodrik explained why good economists think in terms of models, and what are major differences between models and theory.
He also told us why macroeconomists' quest to find "the one true model" on the business cycle is probably misguided.