As the Managing Editor of an economics journal, I’m always intrigued by advice about what goes into writing a good academic paper.
Economics textbooks teach that one role of central bank during a financial or economic crisis is to act as a short-term “lender of last resort”: that is, when the financial system is in danger of freezing up in a way that can lead to an expanding vicious circle of defaults–as those who can’t get roll-over loans are unable to repay others, who also can’t roll over their loans, and son on–the central bank makes short-term credit available.
The US pharmaceutical industry faces two important goals–which conflict with each other.
The United States December jobs report shows that the labor market remains weak.
Olivier Blanchard has a new book coming out, titled Fiscal Policy Under Low Interest Rates.
2022 will be dominated by efforts to fight supply chain issues, inflation, real estate bubble, growing debt, mutating variants along with climate change.