https://doi.org/10.13169/worlrevipoliecon.7.1.0127 • https://www.jstor.org/stable/10.13169/worlrevipoliecon.7.1.0127 Copy URL This article shows the following: (1 ...

We build and estimate a two-sector dynamic stochastic general equilibrium model with two types of inventories: Input inventories facilitate the production of finished goods, output inventories yield ...

Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...

This week “The Economist explains” is given over to economics. For each of six days until Saturday this blog will publish a short explainer on a seminal idea. ECONOMISTS can usually explain the past ...

Understanding economies in times of crises? Modern macroeconomics failed so far. Researchers are now proposing a novel method that makes the effects of shocks on out-of-equilibrium economies ...

How many nights have you found yourself lying awake, with worries piling up like papers on a desk, wondering how much more you can handle? I know the feeling all too well. There was a time when I ...

[Vienna, April 2019] A shock pushes economies out of a state of equilibrium. Modern macroeconomics are still based on the assumption of equilibria. That makes them fail when dealing with economies in ...

The Bank of Japan must continue to normalise monetary policy by raising real interest rates to "a state of equilibrium" to avoid creating unintended distortions in the future, board member Junko Koeda ...