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Sun | Jul 13-2025 | 3:54 am EDT

A Pitfall of Global Economic Policy Uncertainty Index

In recent months, the Global Economic Policy Uncertainty index has risen to a level much higher than periods around the 911 Terrorist Attack or the 2008 Financial Crisis, hence the conclusion that the economic policy is unprecedently uncertain now. But here is why you might not have to worry.

Akerlof on Keynesian-neoclassical synthesis’s departure from Keynes

George Akerlof explains how the Keynesian- neoclassical synthesis dominated the field, and what problems this dominance resulted.

Economic benefit of asset market bubble

What the impact of asset price bubbles on US economic growth is.

How to make US inflation chart by pulling data from BLS API with Python

An important question is how do we get the series IDs for the data you need. The short answer is through BLS's Data Finder

How to benefit from others’ QE — Hong Kong Linked Exchange Rate’s lesson

What if I tell you, behind the boring news headline, there is actually a wonkish story about how the Hong Kong central bank took advantage of the monetary easing by the Fed in the last 12 year and created a new set of policy options that it can now use to actively mange the inflows created by the new round Fed easing under the Great Lockdown.

What Macroeconomists agree with each others, according to Blanchard

Olivier Blanchard a list of things that macroeconomists normally agreed on and need no further discussions.

100% Reserve System is coming? – The Swiss Sovereign Money Referendum

The Swiss sovereign-money referendum, also known as the Sovereign-Money Initiative, which aims to creates a safe and crisis-free, yet experimental, banking system in Switzerland will be held on 10th June.

What is Payment on Reserves Process?

The payment on reserve process proposed by Robert Hall and Ricardo Reis is a way of remunerating reserves which would give the central bank...

Should Federal Reserve use scenario analysis to handle trade war uncertainty?

The Fed is currently in a "wait and see" mode in deciding what is the reaction to Trump's trade policy. But is it possible for the Fed to be a bit more proactive than merely saying "we will be able to update you further when we know more details"? Enters scenario analysis.

Hong Kong dollar amid ‘Asian Financial Crisis in reverse’ — basic explainer

An explainer on how Hong Kong Linked Exchange Rate System works, what Aggregate Balance is, and how interest rate arbitrage help maintains Linked Exchange Rate System.

Interviews

Branko Milanovic Cover 1

Global Inequality and Kuznets Waves | Q&A with Branko Milanovic |

Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?” “Where is the General Theory of the...