Urbanomics

Greg Ip has a very nice article on the emerging world of constrained central banking and monetary policy. Since World War II, every re...

The 'neo-classical synthesis' of Keynesianism and classical microeconomics holds that the economy is Keynesian in the short-run beca...

Barry Eichengreen and Kevin O' Rourke find evidence to show that the world economy is faring worse than even the Great Depression of 19...

Dani Rodrik points attention to an excellent and informative presentation given by Robert Mundell on the financial crisis and the internat...

Martin Wolf draws attention to the analysis of the Japanese deflation of the nineties by Richard Koo of Nomura Securities who argues that ...

Another addition to the list of semantic debates at these bleak economic times has been about the difference between recession and depressio...

The ongoing global financial crisis turned economic recession is fast turning into a stag-deflation, where banks have turned off their credi...

Joseph Schumpeter had argued that a "perennial gale of creative destruction" is an inevitable requirement for any advance in human...

This (and the next) is a longish (and often rambling) post... an attempt at rehearsing the story so far in one of the most fascinating econo...

In the previous post , I had tried to put in perspective the challenge facing the world economy today. This post seeks to scan the landscape...

The US treasury and the Fed have effectively pumped in more than a trillion dollars over the past three months, even as the Fed's balan...

Starting from early last year, in a series of magisterial working papers , comparing an exhaustive list of financial and banking crises acro...

The economic crisis has initated an intense debate (Conservatives Vs Liberals, Monetarists Vs Keynesians) about whether monetary or fiscal p...

I am concerned about the turn the economic debate is taking. First it was bailout of the financial markets, then came the fiscal stimulus fo...