The narrative approach to macroeconomic identification uses qualitative sources, such as newspapers or government records, to provide information that can help establish causal relationships. This ...
A new indicator—the Inflation Shock Momentum Index—can help identify emerging inflationary or disinflationary pressures in ...
ECB Governing Council member Pierre Wunsch says eurozone wage growth is fairly muted at 2.6%, reducing urgency for further ...
Many economists believe that expanding the money supply helps create and facilitate economic growth. That is not the case.
Speaking at a Federalist Society event the day the Supreme Court wrapped up its latest term, attorney Kannon Shanmugam ...
Financial theories offer valuable guidance but are never absolute, as Fred Schwed Jr. wisely noted. From diversification to ...
The Federal Reserve's FOMC abandoned Austrian Economics and embraced its opposite, MMT. MMT's Achilles heel is the failed belief that the Federal Reserve could create unlimited amounts of currency ...
Scholars propose reforms to help the Federal Reserve better achieve its mandate.
In the age of artificial intelligence, Syracuse University's Robert Koppl, progenitor of "big player theory," told Fortune, ...
San Francisco Federal Reserve President Mary Daly said on Thursday that U.S. monetary policy is "slightly restrictive" but ...
Trump v. Slaughter is a big win; Trump v. Cook is embarrassing given the posture of the case as explained in the dissents.
What is the optimal monetary policy response to tariffs? This paper explores this question within an open-economy New Keynesian model, characterizes the macroeconomic effects of tariffs, and shows ...
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