Macroeconomics

In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. The term inflation once...

Poverty reduction and inequality are undeniably the buzz issues of the millennium. And where else would one go to understand the dynamics and parad...

Interest rates are directly related to our lives. When interest rates are high, we hold less cash and more interest-bearing assets because we face ...

Since coins are more durable than notes and do not need replacement as often, many countries have replaced lower-denomination notes with coins to o...

The first chapter in this book deals with an analysis of determinants of both net international investment positions and net costs of negative inve...

This book focuses on remittances, transfers of money and capital sent by migrants and foreign immigrant communities to their home country. At over ...

The Federal Reserve (Fed) defines monetary policy as the actions it undertakes to influence the availability and cost of money and credit to help p...

The distribution of income in the United States features heavily in congressional discussions about the middle class, program funding and effective...

The long-term interest rate is a central variable in the macroeconomy. It matters to borrowers looking to start a business or purchase a home; to l...

Critics of the Federal Reserve (Fed) have long argued for more oversight, transparency, and disclosure. Criticism intensified following the extensi...

The deepening of the financial crisis in 2008 led the Federal Reserve (Fed) to revive an obscure provision found in Section 13(3) of the Federal Re...

Raising the share of income saved is a frequent aim of public policy. That may be particularly apparent in debates about the size of the federal bu...

The current financial instability became widely apparent in the credit markets in August 2007. Although initially thought to be limited to sub-prim...