Latest Articles
Expenditure Multiplier - flash (12/14/2009)
Total expenditure could be a multiple of the injected stimulus if most of the additional income is spent.
Total expenditure could be a multiple of the injected stimulus if most of the additional income is spent.
Money Multiplier - flash (12/14/2009)
In a fractional reserve banking system, the Central Bank needs to print only a fraction of the total money supply. This fraction depends on the average circulation needs of the banking customers. The rest of the money supply could be created by banks through loans.
In a fractional reserve banking system, the Central Bank needs to print only a fraction of the total money supply. This fraction depends on the average circulation needs of the banking customers. The rest of the money supply could be created by banks through loans.
A Fable of Fruit Vendors (9/7/2009)
Fruit vendors may choose perfect competition or pricing power depending on foot traffic and other locational advantages.
Fruit vendors may choose perfect competition or pricing power depending on foot traffic and other locational advantages.
Picket Line for Rent (8/20/2009)
Outsourcing the picket line makes economic sense but might dilute the moral force of the protest.
Outsourcing the picket line makes economic sense but might dilute the moral force of the protest.
Cash for Clunkers - Cash Rebates vs Fuel Tax (8/19/2009)
Cash rebates are an inefficient means to reduce carbon emissions.
Cash rebates are an inefficient means to reduce carbon emissions.
Not Now, Later! (8/19/2009)
Self-control overcomes the present-bias effect and can be enhanced through learning or external cues. -
Self-control overcomes the present-bias effect and can be enhanced through learning or external cues. -
