In an interview with The Wall Street Journal, Treasury Secretary Janet Yellen admitted that the chain of stimulus plans implemented by the U.S. administration helped create the problem of inflation.
The actual economic recession connected with the COVID pandemic turned out to be extremely short, lasting only during March and April 2020.
Oleg Itskhoki was just awarded the John Bates Clark medal, given each year by the American Economic Association “to that American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge.”
There are no examples of countries with generally low levels of educational achievement that are also high-income nations; conversely, there are many examples of countries where the level of educational achievement first increased substantially and then was followed by economic growth.
Here’s one intuitive way to think about how cryptocurrencies like Bitcoin work:
Daylight saving time (DST) is the practice of advancing clocks during warmer months so that darkness falls at a later time.
The latest International Monetary Fund (IMF) global economic outlook has just been published and, like all of them, it has many interesting aspects.