Dynamic Stochastic General Equilibrium (DSGE) models use modern macroeconomic theories to explain and predict co-movements of aggregate time series over the business cycle and to perform policy analysis.
The banking industry is developing a range of AI-enabled tools to collect customer information. This is fine with regulators but brings us closer to a dystopian surveillance state.
Just as centralist policies drive China into trouble, the Biden administration advocates emulating them by discarding America’s proven liberal approach to the economy and trade.
The biggest takeaway from the recent G20 summit in India is the group’s diminished importance, owing to divisions among the member nations.
Recognizing the complexity of dollarization’s advantages and drawbacks is crucial.