The most dangerous words in monetary policy and economics are “this time is different.”
For the first time since 2002, the dollar and euro are on the verge of being equal.
A global value chain refers to the full range of activities that economic actors engaged in to bring a product to market.
So let’s say for the sake of argument that you’re already interested in econometrics–which is to say how quantitative research in economics is actually done.
Why hasn’t the United States adopted the metric system for widespread use?
Economists tend to think of public policy in terms of inputs and outputs: a policy is undertaken and there is a response.
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.