For economists, r* refers to the “natural rate of interest” that emerges from economic theory.
For many college students, and high school students as well, a single introductory economics course is the only course in the field they are ever going to take.
Economic statistics are all useful, and all imperfect. They must be consumed with care.
Economic productivity is about growing the size of the pie.
The latest inflation report in the United States reveals a persistent burden on American consumers as prices continue their upward trend.
About one-third of US households rent, rather than own. The renters are disproportionately lower-income, less-educated, and younger.
In the second half of 2024, thirty major central banks are expected to cut rates.