Money Illusion and Economic Literacy: An Experimental Approach
#LiNoEcon participant Helena Chytilova on why money illusion remains a pervasive phenomenon#LiNoEcon participant Helena Chytilova on why money illusion remains a pervasive phenomenon
BLOG - Inflation
The Ongoing Issue of Dark Matter
New research data is shining an ever brighter light on the Big Bang – but dark matter remains elusive.
Christopher Sims: Fiscal Pessimism
In my previous post about Christopher Sims’s lecture at Lindau, I concentrated on his remarks about the increasing “moneyness” of financial assets. When both conventional “money” and other financial assets are highly liquid and fungible, monetary and fiscal policy become indistinguishable. What does that imply for price stability and the role of central banks? The traditional quantity […]
Zwischen Small Talk und Smart Talk: Die Nobelpreistagungen beginnen!
Tagungsteilnehmerin Fabiola Gerpott resümiert den ersten Tag von #LindauEcon14.
Low Inflation Luxury
Is the 2% inflation target a luxury for the West African Economic and Monetary Union (WAEMU)?