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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.
Lynn Parramore in this INET article writes that we need to discuss original sin of economics: When you think of original sin and the fall of Adam and Eve, an economics class probably isn’t the first thing that comes to mind. After all, economics is a secular discipline. Or is it? Maybe not entirely, considering…
Aurélien Goutsmedt and Alexandre Truc have put up digital history of macroeconomics: The Mapping Macroeconomics project is an online interactive platform displaying bibliometric data on a large set of macroeconomic articles. It aims at offering a better understanding of the history of macroeconomics through the navigation between the different bibliometric networks. The point of departure…
'New Keynesian' macroeconomists have for years been arguing (e.g. here) about the importance of the New Classical Counter Revolution in economics. 'Helping' to change the way macroeconomics is done today -- with rational expectations, Euler equations, intertemporal optimization, and microfoundations -- their main critique of New Classical macroeconomics is that it didn't incorporate price stickiness…
David Price of Richmond Fed interviews Prof Annamaria Lusardi, whose major scholarship is on personal finance. Annamaria Lusardi "fell in love" with economics, she says, thanks to a macroeconomics course she took as an undergraduate at Bocconi University in her native Italy. But her career has been focused on a quite different topic — she's…
For those who do not follow the ins and outs of academic macroeconomics, it is perhaps useful to say that there has been an ongoing struggle in recent decades between what is sometimes called freshwater and saltwater economics. At risk of being struck dead by lightning for gross oversimplification, I'll just say that freshwater economists
Insightful lecture by Jan Frait, Deputy Governor of the Czech National Bank. He questions the dominance of New Keynesian macroeconomics in central banking policy: I joined the Faculty at a time when New Keynesian macroeconomics (NKM) and its approaches, immodestly referred to as "the science of monetary policy", had become the official mantra in the central…
Major coins traded in the red on Monday evening after the Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and its founder Changpeng Zhao for allegedly offering unregistered cry