Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.
OANDA reports that global central banks are diverging in monetary policy, reflecting unique economic challenges and inflationary pressures in 2026.
For students, what a textbook says is ground truth. But for nearly 15 years, leading introductory economics textbooks gave students an outdated or incomplete explanation of how the Federal Reserve ...
The global economy, much like our domestic economy, often experiences cyclical patterns. The recent Russia-Ukraine conflict, coupled with the ongoing disruptions caused by the COVID-19 pandemic, has ...
When you ask economists what they think about the Federal Reserve’s monetary policy, as in interest rates, a growing number of them will tell you that rates are restricting the economy too much right ...
The BBVA Foundation recognized Olivier Blanchard, Jordi Galí, and Michael Woodford for “profoundly influencing modern macroeconomic analysis by establishing rigorous foundations for the study of ...
The Norges Bank, the International Monetary Fund, and the IMF Economic Review have organized a joint conference on "The Future of Macroeconomic Policy" to be held in Oslo, June 15-16, 2023. In today's ...
This paper studies the macroeconomic consequences of undermining central bank independence through politically motivated transitions of central bank governors. Leveraging a new panel dataset covering ...
Since sectors differ in their sensitivity to interest rates, monetary policy produces inefficient sectoral fluctuations. In a model with sectoral heterogeneity, I show that policymakers should weight ...
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