Euro areaIncome GrowthRebecca's Economic Intuition
Is the ECB/EU Achieving Stated Objective of Balanced Growth?
The primary objective of the European Central Bank is to maintain price stability; however, as a compliment to its primary objective, the Eurosystem “shall also ‘support the general economic policies in the Union with a view to contributing to the achievement of the objectives of the Union’. These include inter alia ‘full employment’ and ‘balanced economic ... Read more
Rebecca's Economic Intuition
Santa Claus as a Social Planner
Merry Christmas to all readers of the EconoMonitor and The Wilder View! Here’s a nice little model I discussed in 2007: The Economics of Christmas! Hope that you enjoy; I do. (This commentary was written in my more ‘academic days’ when I was inundated with models of theoretical macro. As you have no doubt noticed, I’ve gone the ... Read more