Business-Cycle Conditions

Wednesday, December 28th, 2011
A few days ago, Paul Krugman defended the position that "Friedrich Hayek is not an important figure in the history of macroeconomics." This triggered quite a few reactions (
Monday, December 12th, 2011
The financial crisis in 2008, the uncertainty about the future of the Euro and the doubts on the efficiency of monetary policy has brought some renewed interest in the gold standard as an alternative monetary system; or, at least, as a benchmark to evaluate if central banks did actually performed be
Monday, December 5th, 2011

Libertarians, some Occupy supporters are among those calling for an end to the Federal Reserve

Friday, December 2nd, 2011

Business Cycle Conditions

December, 2011
Unemployment and slow growth of consumer spending are holding back the recovery.
Lingering problems in Europe may add to the burden.
by Polina Vlasenko, PhD, Research Fellow

Tuesday, November 15th, 2011
I’m trying to wrap my brain around the recent wave of ‘respectable’ economists coming out in favor of higher inflation.
Friday, November 4th, 2011

Business Cycle Conditions

November, 2011
GDP growth is close to the long-term trend. But the driving economic engine created by consumer spending could run out of juice.
by Polina Vlasenko, PhD, Research Fellow

Saturday, October 29th, 2011
It is a common argument that the gold standard was one of the reasons of the Great Depression. The Federal Reserve, it is argued, was unable to follow an optimal monetary policy, with its hands tied with the gold standard regime. However, as Timberlake (2008, p.
Friday, October 21st, 2011
The Financial Crisis of 2008 brought attention, once more, to the problem of business cycles. There are different approaches to study the phenomenon of business cycles. Some of them rest on shocks to the real economy (i.e.
Sunday, October 16th, 2011
Score Update: Government beating economy 21-3 late in 4th quarter…I hate to use sports metaphors when talking about the economy because, while the two realms share some basic themes (like competition), their outcomes are radically different.
Tuesday, September 6th, 2011

Business Cycle Conditions

September, 2011
Growth may be slow, with taxes offsetting increases in income. But the economy shows surprising structural strength.
by Steven R. Cunningham, PhD, Director of Research and Education

Wednesday, August 10th, 2011
The turmoils affecting the economics and financial markets in the United States and Europe do not seem to go away as fast as anyone would want to. Those who warned that this may be a crisis with a "W" shape may well be right.
Wednesday, August 3rd, 2011
This week was of high political voltage because of the debt ceiling debate. Could the most important economy in the world default its debt? And in such case, what would happen, not only to the United States, but to the worldwide economy, given that we are in the midst of a financial crisis?
Monday, August 1st, 2011

Business Cycle Conditions

August 2011
Weakness is spreading as the jobless rate remains high and several parts of the economy adjust to changing times and struggle to recover from recession.
by Polina Vlasenko, PhD, Research Fellow

Friday, June 3rd, 2011

Business Cycle Conditions

June, 2011
Excessive debt keeps the private sector from taking off. No government stimulus can fix this.
by Polina Vlasenko, PhD, Research Fellow

Monday, May 30th, 2011
"Federal Reserve Bank of Kansas City President Thomas Hoenig, the central bank’s longest-serving policy maker, said the U.S. needs to raise interest rates to encourage individuals to save and avoid future asset bubbles.