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Macroeconomics is the study of the entire economy. It looks at how different sectors of the economy interact, how the government affects the economy, and how different economic policies can impact the economy. Macroeconomics focuses on the big picture and can help governments create policies to increase economic growth and reduce poverty. Macroeconomists analyze data from the government, businesses, and individuals to understand how the economy is working and how it can be improved. The news, articles, and videos below provide information about macroeconomics and the current state of the economy. Learn about the different economic policies being implemented around the world and how different countries are dealing with economic issues.
real-world economics review Please click here to support this journal and the WEA Issue no. 108July 2024 download whole issue The creationist foundations of Herman Daly’s steady state economyJohn Gowdy and Lisi Krall2 Data: a critical perspectiveCarlos Guerrero de Lizardi16 Enlightenment Epistemology and the Climate CrisisAsad Zaman29 Fabulous MacroeconomicsGerald Holtham33 A Tour of the Jevons…
When I taught a Masters course in macroeconomics at San Jose State University in the winter of 2009, one of my students was Drew Benson. He went on to found his own financial management firm. On June 18, he interviewed me about COVID, lockdowns, decentralized information, behavioral economics, and nudge units. Here’s the link.
At a first glance, DSGE models seem to imply total ignorance because representative agents (or representative groups of agents with limited heterogeneity) featuring objective utility functions populate the literature. At a second glance, however, it becomes obvious that "methodological individualism" prevails and even dominates. To understand this dominance one only has to once again note…
from Lars Syll At a first glance, DSGE models seem to imply total ignorance because representative agents (or representative groups of agents with limited heterogeneity) featuring objective utility functions populate the literature. At a second glance, however, it becomes obvious that “methodological individualism” prevails and even dominates. To understand this dominance one only has to…
Mainstream macroeconomics is stuck with crazy models. That goes for 'New Keynesian' macroeconomics and DSGE models too. Let me just give one example. A lot of mainstream economists out there still think that price and wage rigidities are the prime movers behind unemployment. What is even worse -- I'm totally gobsmacked every time I come…
Jon Hartley interviews Greg Mankiw on topics including New Keynesian macroeconomics, growth, and economic policy more broadly at his Capitalism and Freedom website (August 20, 2024, video and transcript available). Here are a few of the comments that caught my eye. On big models and small models in studying the macroeconomy: [O]n the issue of
It is Teachers' day today and a perfect day for a Teacher to write to students. Thus one is quite creative and interesting. A Teacher Writes to Students Series (28):Poetic Macroeconomics Annavajhula J C Bose, PhD Department of Economics (Retd.), SRCC, DU Let me daydream that I have had a poetic macroeconomic interaction with Stephanie…
Pro-Bitcoin (CRYPTO: BTC) President Javier Milei of Argentina has personally presented the 2025 budget to Congress, reflecting his commitment to eradicating the country’s persistent fiscal deficit.