Uncategorized – GEDC

Fed Harmony Hides the Dangers of Groupthink

GEDC — Tue, 23 Jan 2024 09:24:50 +0000

Traders and investors trying to parse the statements coming from the world’s most important central bank are at a loss: Will an interest-rate increase come in September? And will there be one, two or no hikes this year?

Maybe Supply-Side Economics Deserves a Second Look

GEDC — Tue, 23 Jan 2024 09:24:21 +0000

Since the Great Recession, macroeconomic discussion has been dominated by discussions of aggregate demand, and how to create more of it through monetary and fiscal policies. That has led to a strange state of affairs where those topics still dominate the debate, even though they’ve done the job economics expects of them.

Income Increase Shows the Recovery Is Very Much Real

GEDC — Tue, 23 Jan 2024 09:23:48 +0000

During the past two years, we have seen signs that wage pressure is building as the economic recovery grinds on. Enough evidence has now accumulated to suggest that it is already happening.

An Economics Nobel awarded for Examining Reality

GEDC — Tue, 23 Jan 2024 09:23:14 +0000

This year’s economics Nobel Prize has gone to Oliver Hart and Bengt Holmström, for their work on the theory of contracts. It’s about incentives, and imperfect information, and long-term relationships. But it’s related to lots of real-world economic issues — performance pay, mergers and acquisitions, and bank lending.

Hello world!

GEDC — Mon, 22 Jan 2024 06:22:58 +0000

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!