Macroeconomics
Decoding Phillips Curve from Policy Perspective
Ever wonder why the central bank seems to ponder over inflation and jobs at the same time? It's…
Ever wonder why the central bank seems to ponder over inflation and jobs at the same time? It's…
In applied econometrics, researchers often encounter situations where conventional standard errors …
Understanding the relationship between Local Projections (LPs) and Vector Autoregressions (VARs) i…
Introduction In recent years, the synthetic panel method has gained increasing popularity for analy…
What is the dynamic effect of monetary policy on output and prices? This is a common question asked…
1. Introduction to the Elasticity Approach The Elasticity Approach is a traditional theor…
The Monetary Approach to the Balance of Payments (MABOP) views the BOP as a reflection of monetary …
Key Takeaways The current account deficit (CAD) reflects a country spending more on impo…
The Balance of Payments (BOP) is a systematic record of all economic transactions between a countr…
A currency crisis refers to a situation in which there is a significant and rapid depreciation in …
Central banks intervene in the foreign exchange market to control the value of their currency. Thes…
High powered money (HPM), also called reserve money or the monetary base , forms the foundation of…