…low paying jobs. Besides experiencing unemployment the population has also experienced housing value decreases, and loss of value in retirement funds. This loss of financial viability impacts students as the…

…if for a given value of N the expected proceeds are greater than the aggregate supply price, i.e. if D is greater than Z, there will be an incentive to…

…down interest rates, both short- and long-term. Therefore, China’s assets have not been very profitable. In addition, the foreign exchange reserves have lost value over time as the dollar depreciated….

…of the Calvo alarm clock is a welcome event — it is an option to change a price or a wage. The value of an option is non-negative and, in…

…“potential” output. Debate exists over correct value. y = Real GDP for Taylor rule. y* = “Potential” Real GDP for Taylor rule. The corresponding portion of my ED rule (blue)…

…300% of GNI. In the twentieth century, however, the U.S. did not suffer the devastation of the World Wars, so it had fewer and smaller dips in the value of…

…pointing to my many previous posts explaining those definitions’ undeniable virtue (and difficulties): Money is the exchange value embodied in financial assets. Financial assets are legal constructs defining claims. The…

…terms are defined here.) The household spending measure is in nominal dollars. I converted the values to 2013 “real” dollars using the BEA’s deflator for Personal Consumption Expenditures. Here are…

…€519 million. Given Worstall’s claim in July that transfers of technology to a tax haven subsidiary have to be made at “full market value,” how does he explain the way…

…threaten to push the economy into a recession. The deterioration of the economic situation caused the ruble to plunge against the dollar in December, before recouping part of its value…