In addressing a question that was raised by Asher, “how do you think interbank lending and excess local-government borrowing from nonbank lenders interact, and which…
Month: January 2014
Driverless cars are quickly moving from the pages of science fiction novels to the real world. Different organizations around the globe are working hard to…
Immigration is a very sensitive issue in the U.S. Some say immigration makes America and its economy stronger whereas others argue that immigration is just…
The announcement that Japan’s population fell by about a quarter of a million in 2013 brings up another round of discussion on Japan’s gloomy future.…
Regardless of what our political ideologies are, the issue of minimum wage in United States has been very controversial. The problem of income inequality becomes…
Narayana R. Kocherlakota, president of the Federal Reserve Bank of Minneapolis is the only senior official arguing publicly that the Fed should do even more.…
As we are still recovering from the recession, the issue of economic growth has become even more prominent. The rate of economic growth plays an…
Graphene is just one example of a future technology that will propel economic growth for years to come. Quantam computing is another example that I will…
Bitcoin is the digital currency that thrills nerds, inspires libertarians, and incites the passions of economists who debate the value of money made from nothing…
One of the major issues with Macroeconomics is unemployment, and it is a very sensitive issue in the States. As you can see above, this…
In the blogosphere there’s an ongoing discussion of labor force participation (cf. the decline in “headline” unemployment despite few additional jobs). A good example is…
Some Chinese provinces are planning to lower growth targets in 2014 than the previous year. This is significant because its shows that the Chinese government is changing its focus from expansionary economic policies to policies that will sustain the economy in the long term.
According to the Solow Growth model, if we start with L=1 and K=1 in year1, we can get a picture of GDP per worker and…
Monetary policy in China has been all over the news lately with the PBOC winning the award for central bank of the year. At the…
To start thinking about this issue see Fiscal Policy Debates on the Economist’s View blog.