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This upper-level undergraduate textbook, now in its second editon, approaches monetary economics using the classical paradigm of rational agents in a market setting. Too often monetary economics has been taught as a collection of facts about existing institutions for ...

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More than 100,000 copies sold in its first 2 editions; Over 93,000 students enrolled; Translated into 12 languages; Corresponds to standard college economics courses; Use with most macroeconomics texts; Includes a new chapter on economic growth.

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I want you to celebrate your progress one day at a time. This journal is dedicated to business owners who want to track their progress in competing for government contracts. I want you to take daily action steps to improve your chances of winning a government contract. ...

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J.P. Morgan: celebrated, powerfully unambiguous, oligarchically connected, pillar of American history. The man with the bushy furrowed brows, pudgy fat nose, and bulging adams apple. As a school boy, he was infirm, aloof, and disliked. As a business titan his stubby ...

Intentional obfuscation is offensive. It’s not about the reader, it’s about the author, setting out to prove his or her intellectual prowess, to stake out a line in the sand that separates those who get it from those who don’t - and in the process ...

What do Adam Smith, John Maynard Keynes, and Roger Penrose have in common? Well, certainly there must have been something, but it wasn’t the content of their books. Smith and Keynes were economists, Penrose is a mathematical physicist. Still, I’ve mentioned ...

Updated March 18, 2021 Loading Emacs Emacs users write custom code for their software. Each ‘configuration’ can be highly individualized. Because some custom configurations take longer to load than others, Emacs users like to minimize and measure their ...

Natural sciences in usual circumstances are wonderfully predictable; what goes up must come down. Economists since Walras have been promoting the profitable illusion that economics is a natural science. Today, more than anytime in history, that charade is obviously ...

Rarely have free trade debaters–on all sides–had better opportunities to wag tongues. The long-standing era of free trade deals that in Canada started with the Canada-US Free Trade Agreement in 1987 (CUSFTA), superseded by the North American Free Trade ...

What is the Best Age To Invest? According to value investors, like Warren Buffet, the secret sauce of finance can be explained in five simple words: Investing is all about timing. The five simple words that contain the secret to investing like a billionaire are: The ...

What is an ETF? Electronically traded funds are close-end funds that trade on a stock exchange. They are managed through a creation and redemption scheme that ties their contents to those of an index, or selection of investments that meet specific criteria. The value of ...

Despite what some people will tell you, the recent sell-off in the stock market was not a result of rising bond yields (as I said before rising bond yields are more likely to have delayed the sell-off). Yes, bond yields now are more volatile, and so are stocks; and yes, ...

Ben Bernake’s Blog CEPR BLOG Central Bank News Paul Krugman New York Times Dr. Ed’s Blog Econ Browser Equitable Growth Guru Focus Lazy Economist Liberty Street Economics Macro Blog Fed Atlanta Money Beat Multiplier Effect Grumpy Economist Vox Zauzel 100 Zero Hedge Naked ...

What is economic policy? If economics can be described as the study of the allocation of scarce resources among agents, economic policy can be described as the public rules and regulations that guide that allocation. Wherever a society is governed with laws, there will ...

What is macroeconomics Macroeconomics is the field of economics that deals with aggregated quantities. Microeconomics, for example, might deal with firm level economics, while macroeconomics might deal with aggregate firms level economics, the economics of all the firms ...

As Krugman might say, “…it’s in the market, stupid.” The most influential economy in the world is poised to raise interest rates, but not because of inflation. Central banks in major parts of the world are still at the zero bound, and core ...

The Bank of International Settlements (BIS) continues to reprimand contemporary central banking culture for easy money fixes it argues feed instability by creating global economic conditions that foster bubbles. As the story goes, demand side policies are band-aids ...

US indicators out this week, like the Chicago PMI and the CPI estimates, support both sides of a US turn-around, the output side and the consumption side. Yet still the FED, though widely expected to raise rates in the summer, remains tight-lipped about it, downplaying ...

Yesterday’s flash Harmonized Consumer Price Index indicated a drop in EMU price rises to 0.5%. Given the ECB’s primary target is price stability, markets are widely anticipating tomorrow’s ECB meeting will see overnight interest rates reduced to ...

Introduction The following article comprises my general world economic outlook. It is necessary to clarify a few points for the reader. Firstly, the exercise is positive rather than normative. For example, any mention of oil should be read as an inchoate view of where ...

Abstract An analysis of procurement laws and statistics at the major levels of government across Canada. Data collection, wrangling, modelling, research, writing, and editing by Yuri Tricys, among others. Author and Director of research, Kurt Hubner. Download EU Canada ...

Abstract This paper analyzes the effects of trade liberalization on productivity at the sector level. This is done with a multivariable regression of relative gross labour productivity on sector trade, between the U.S. and Canada, relative to total trade, between Canada ...