Discover how New Keynesian economics updates classical Keynesian principles, focusing on price stickiness, wage rigidity, and ...
In orthodox economics, the idea of printing money to solve a nation’s problems is near-universally seen as a very bad one. In ...
The global economy, much like our domestic economy, often experiences cyclical patterns. The recent Russia-Ukraine conflict, coupled with the ongoing disruptions caused by the COVID-19 pandemic, has ...
The BBVA Foundation recognized Olivier Blanchard, Jordi Galí, and Michael Woodford for “profoundly influencing modern macroeconomic analysis by establishing rigorous foundations for the study of ...
Discover the European Central Bank's key functions, structure, and role in Eurozone monetary policy, ensuring price stability ...
The Norges Bank, the International Monetary Fund, and the IMF Economic Review have organized a joint conference on "The Future of Macroeconomic Policy" to be held in Oslo, June 15-16, 2023. In today's ...
In economics, a booming economy where everyone has money to throw around isn't always a good thing. Like an engine, the economy can overheat, causing inflation; everyone has more money, but everything ...
New economic models can help policymakers better understand the effects of their inflation-taming measures Much about today’s inflation is not well understood. Why are some households seriously harmed ...