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andolfatto.blogspot.com | ||
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www.coppolacomment.com
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www.rogerfarmer.com
[AI summary] The text presents an in-depth exploration of macroeconomic theory through the lens of Roger E. A. Farmer's academic work. It delves into the complexities of monetary theory, equilibrium concepts, and the role of central banks. Key themes include the endogeneity of money, the distinction between exogenous and endogenous money, the implications of liquidity traps, and the evolution of monetary policy frameworks. Farmer's perspective emphasizes the importance of general equilibrium theory, the role of banks in creating money, and the need for central banks to consider broader economic dynamics beyond traditional single-agent models. |
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economicsfromthetopdown.com
I've always been baffled that modern monetary theory is called a 'theory'. Why don't we just call it 'the way money is'? |
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andrewbatson.com
I recently wrote a piece at my job, and somewhat unusually for us, it's come out from behind the paywall so that everyone can read it. Here's the opening: There are two statements about China's economy that receive broad agreement today. One is that China faces a long-term structural slowdown in its growth rate, due... |
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