Explore "fool in the shower," Milton Friedman's metaphor explaining monetary policy's timing challenges and how overcorrection can impact the economy's stability.

Monetary policy plays a central role in shaping economic dynamics by influencing liquidity, inflation, and growth. Central banks utilise a range of instruments—from adjusting interest rates to ...

Discover non-standard monetary policies, those beyond traditional methods, and their role in economic recovery; see examples like quantitative easing and negative rates.

Ironically, an acatallactic pseudo-theory of money that emerged from a school of thought that rejected theory in favor of an ...

Central banks set policy to support the economy, provide liquidity, and promote financial stability. Modern central banking requires adaptation to current demands and a framework that fosters agility ...

Chinese top leadership surprised the market Monday by signaling a shift in its monetary policy stance after 14 years, indicating the economic challenges facing the country are quite entrenched, yet an ...

As all students of economics should have learned, prices are set at the margin by the intersection of supply and demand. The surge in the demand for currency has almost completely reversed from its ...

This course is available on the BSc in Business Mathematics and Statistics, BSc in Econometrics and Mathematical Economics, BSc in Economics, BSc in Economics and Economic History, BSc in Economics ...

Most economists would argue that monetary integration leads to financial integration; in other words, when a set of countries has a common currency, as in the European Monetary Union (EMU), for ...

I remember my professor of economic history David S. Landes often talking about Joel Mokyr, who won the Nobel Prize in economics earlier this month. They must have been good friends. Professor Landes ...