Discover key macroeconomic challenges like inflation, unemployment, and GDP, and how policymakers use strategies to stabilize ...

Explore the causes and implications of below full employment equilibrium, where short-run GDP falls below potential output, leading to resource underutilization.

Come any Budget (or crisis), the discussion veers towards favouring and opposing Keynesian stimulus, multipliers, and animal ...

Erkenntnis is a philosophical journal publishing papers committed in one way or another to the philosophical attitude which is signified by the label "analytic philosophy". It concentrates on those ...

To the growing list of famous mainstream macroeconomists who have publicly criticized their discipline, add another: In a recent essay, Lawrence Christiano of Northwestern University argues that the ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

Historical studies are enlivened by court intrigues, gossip and warfare. Language studies introduce students to rich literary traditions. The study of science or engineering offers the potential for ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...