Economic Theory

From Inflation Targeting to Constraint Targeting: The CBR’s De-Facto Reaction Function Under Sanctions (2022–2025)

Since 2022, the Central Bank of Russia has shifted from conventional inflation targeting to “constraint targeting,”…
Descending Carefully: Challenges to the Federal Reserve’s Smooth Runoff of Quantitative Tightening

We have seen rapid expansion of the Federal Reserve’s balance sheet to combat the Covid-19 crisis,…
Why Are Dual-Income Families on the Rise?

Nobel Prize winner Dr. Claudia Goldin’s research explains the increasing propensity of American women to enter…
Economics’s Fool’s Gold: A Critical Evaluation of the Randomista Revolution

The Randomista movement radically transformed how economic research is broached and public welfare policies are conceived…
Women’s Unpaid Work and the American Economy

The amount of power women hold in the American economy.
Does private equity outperform public markets?

In the past two decades, institutional investment in private equity funds has skyrocketed…
The Making of a Tiger: Authoritarianism in Developing Economies (Part 1)

In the decades following the Second World War, the international economy was flooded by a wave…
The Economics of Freedom

How personal liberty is connected to economic freedom and why there are exceptions.
Inflation: Friend or Foe?

How current economic conditions prevent inflation from being a serious issue in the near future
Monetary Policy for the Next Recession

How dual interest rates can give central banks an unlimited capacity to combat recessions when the…
Modern Monetary Theory in 2021: Legitimate Economic Policy or Political Scheme?

In an introductory macroeconomics class, students are taught this sequence of events: as the central bank…
A Theoretical Look at Quantitative Easing Using Stock-Flow Consistent Modeling

In most economics courses, students are taught models that are built in dynamic stochastic form…