I  have been arguing here for some time that the Great Recession of 2007-2009 was nothing more than a pronounced money demand shock that t...

Paul Krugman explains the main reason for the rising commodity prices:  [T]oday, as in 2007-2008, the primary driving force behind rising c...

Jim Hamilton is not a big fan of this equation: MV = PY, This is the famous equation of exchange where M is the money supply, V is veloc...

I am late getting to this, but Mark Thoma wants to hear the case for nominal GDP targeting.  This approach to monetary policy requires the ...

The Weekly Standard has an article by Christopher Caldwell on the challenges facing the Eurozone.  It is an interesting article that has as...

It has been frustrating to watch Fed officials explain QE2.  The standard Fed story centers around the QE2 driving down long-term interest r...

Jeremy Siegel is making the case the case that rising yields indicate the Fed's policy is actually working: The recent surge in long-t...