Tag: Where is the General Theory of the 21st Century
Blanchard: R...
This is the sixth install...
Blanchard on &#...
Welcome! This is the Fift...
John Cochrane o...
This is the fourth instal...
John Cochrane o...
Welcome! This is the thir...
Scott Sumner on...
In this interview, Prof. Sumner talked about his view on why there is no "Keynesian Revolution" in macroeconomics after the Great Recession and what is Market Monetarism. You can also read the Part I of the interview, where Prof. Sumner discussed the findings from his new book, The Midas Paradox and his views on what caused the Great Depression.
Scott Sumner on...
Welcome! This is the firs...
經濟學
Comparative Advantage？我識啊!
最近係度睇緊啲有關International Economics論文，發現自己係International Trade呢個課題上面，從來只係識Comparative Advantage嘅個念，仲要學得唔係咁好...
金融海嘯前嘅聯儲局利率制度 – Corridor System
係2008年以前，聯儲局採用嘅利率操控制度係叫做Corridor System（走廊式），即係話個利率理論上可以係一個區域內上落；而個走廊嘅天花係Discount Rate（貼現窗利率），地板就係零息下限（Zero Lower Bound），聯邦儲備利率（Fed Fund Rate）理論上可以係呢兩個利率之間升跌上落。
咩係量化寬鬆（QE）呢？
QE即係Quantitative Easing 嘅簡稱，中文就譯作量化寬鬆（量寬）。 自金融海嘯後, 多個央行減息去到零息下限，即係名義利率唔可以低過零太多，否則會迫使銀行同居民持有現金，令貨幣政策傳遞失效。所以央行改用利率之外嘅工具黎調控經濟，而QE就係其中之一。