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?
All posts filed under: Economic Theory
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 Cap on Quantitative Easing
With the Fed buying $80 billion in treasuries over the past month, when is it time to hit the brakes on open market operations?
Don’t Worry, Jerome. I Got You: A Quantitative Approach
The second part of a two part series on the macroeconomic implications of the Fed’s regime change.
Don’t Worry, Jerome. I Got You
The Federal Reserve’s new philosophy towards its inflation targeting policy came as no surprise to investors…
Views After the FED
I bet Chairman Powell didn’t expect to announce changes to the Fed’s statement of its long-run goals over a video conference from his home office when he was first appointed, but times are strange.
What Economic Theory Has to Say About Unemployment
The weakness of the economy is not a structural weakness, it is not that we are over inflating blue chip stocks, or shoveling weak mortgages. It is that we are at war with an enemy we cannot see.
Seeking: Female Economists
What are the causes, effects, and possible ways of curtailing the gender disparity in economics?
Some Love for Models
In the data-driven world of today we find ourselves taking economic and scientific models for granted, without recognizing the hard work that goes behind their development nor questioning the assumptions and potential problems with them. However, the new COVID-19 pandemic gives us an opportunity to take a deep dive into the process of fabricating a model.
The Economics Review 