In the decades following the Second World War, the international economy was flooded by a wave of new players…
How personal liberty is connected to economic freedom and why there are exceptions.
How current economic conditions prevent inflation from being a serious issue in the near future
How dual interest rates can give central banks an unlimited capacity to combat recessions when the policy rate runs out of steam.
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…
In most economics courses, students are taught models that are built in dynamic stochastic form…
“Instead of judging the market price by established standards of value, the new era based its standards of value upon the market price…”
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?
Why are the traditional shapes insufficient in describing the COVID-19 recession? What are the emerging shapes that depict this recession more accurately?
What are the possible shapes in which the economy can recover from the COVID-19 recession?