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 of new players…
All posts filed under: Economic Theory
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 policy rate runs out of steam.
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 prints more currency, money supply increases, interest rates decrease, spending increases, and aggregate demand increases which raises prices…
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…
The Economics of Stock Valuation
“Instead of judging the market price by established standards of value, the new era based its standards of value upon the market price…”
The Long, Uphill Battle Facing Central Banks
As central banks run out of room to lower target interest rates, when will the benchmark rate cease to be an effective tool for expansionary monetary policy, and what can they do to replace it?
COVID-19 & Recession Curves Part 2: Why the Old Curves Might Not Work
Why are the traditional shapes insufficient in describing the COVID-19 recession? What are the emerging shapes that depict this recession more accurately?
COVID-19 and Recession Curves
What are the possible shapes in which the economy can recover from the COVID-19 recession?
The Economics Review 