AsaapSCIENCE investigates how much and/or how long it would take for everyday things to kill you.
When you read the standard macroeconomic textbook you will be introduced to different macroeconomic models and the characteristics of these models are often described as keynesian and classical/monetarist. In the textbook version it is said that keynesians believe that prices and wages are rigid, while monetarist/classical economist believe wages and prices are fully flexible. This […]
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Tagged Ben Bernanke, Brad DeLong, China, Classical, Federal Reserve, Fiscal cliff, Janet Yellen, Keynesian, Larry Summers, Stanly Fischer, Sumner Critique
This week will bring yet another FOMC meeting where the U.S. Federal Reserve will release its decision on interest rates for Fed Funds. Whether or not that new announcement comes with a formal interest rate hike or not remains a point that is highly contested. What may matter more than whether Fed Funds rise to 0.25% from a […]
IMF chief Christine Lagarde has said what the economic world already knows. The Chinese economy is slowing and the slowdown will touch the rest of the world.