Review topics and articles of economics

I  have been arguing here for some time that the Great Recession of 2007-2009 was nothing more than a pronounced money demand shock that t...

Paul Krugman explains the main reason for the rising commodity prices:  [T]oday, as in 2007-2008, the primary driving force behind rising c...

Jim Hamilton is not a big fan of this equation: MV = PY, This is the famous equation of exchange where M is the money supply, V is velocit...

I am late getting to this, but Mark Thoma wants to hear the case for nominal GDP targeting.  This approach to monetary policy requires the ...

Scott Sumner on the efficacy of monetary policy even when the policy interest rate hit zero: Zero rates don’t really make monetary policy m...

The Weekly Standard has an article by Christopher Caldwell on the challenges facing the Eurozone.  It is an interesting article that has as...

Adam Posen does not think monetary policy should respond to asset price bubbles by adjusting its policy interest rate. He likens this appr...

It is easy to get caught up in the issues of the day and lose sight of important long-term structural developments. That is why I appreciate...