MacroMania

I'm still trying to understand the details of how cryptocurrencies like Bitcoin work. But the general principles involved seem clear e...

There's been a lot of talk lately about the threat of global deflation. According to Christine Lagarde, Managing Director of the IMF: ...

I want to say a few things in response to Brad DeLong's post concerning the usefulness of overlapping generations (OLG) models of mone...

I've long been interested in the apparent cyclical asymmetry in business fluctuations. So it's nice to see Paul Krugman publicize t...

I've written before that a desirable property of a monetary instrument is for it to hold its value over short periods of time (See: Why...

This post is meant as a complement to my earlier posts: [1] Employment Gaps , [2] Employment Slumps in Canada and the U.S. , and [3] U.S. L...

The labor force participation rate (LPR) is defined as the share of the civilian noninstitutionalized that is employed (working) or unempl...