The 2013 Economic Outlook – Bright Sunshine for the U.S., Periods of Cloud Abroad

by Paul Kasriel, The Econtrarian Author’s Warning: Do not attempt reading the entirety of this commentary without the aid of your stimulant of choice. I apologize for the length of the commentary, but believed it necessary in order to inform new readers of my basic approach to macroeconomics. In future shorter (I promise) commentaries, there …

Macroeconomics and the Financial Cycle: Hamlet without the Prince?

by Claudio Borio, Voxeu.org Since the early 1980s, the financial cycle has re-emerged as a major force driving the macroeconomy, but economic analysis has not caught up. This column argues that macroeconomics without the financial cycle is like Hamlet without the Prince. Economic analysis and policies – monetary, fiscal, and prudential – should be adjusted …

Teaching Macroeconomics to Undergraduates in The Post-Crisis Era

How Should Macroeconomics Be Taught to Undergraduates in The Post-Crisis Era? A Concrete Proposal by Wendy Carlin, Voxeu.org Is economic teaching keeping up with the changing economy? This column presents a new way of teaching economics in light of the continuing crises. It argues that if we are to create a better-informed public debate we …

The Week That Was Stormy

Written by Stephen Swanson A shortened trading week was not affected by economic releases and during the past week we saw a slew of releases generally confirming our picture of stable but anemic growth but with hints of strength in the US and mixed signals from Europe and China and with risks posed by the …

The Week That Was: 27 October 2012

Making Slow Progress Written by Stephen Swanson The economic data released during the past week tended to be solid and confirming with no sharp breaks from past trends and nothing to change the course of our thinking. If anything, we better understand the inner workings of the new normal and our limited prospects for growth.