Basically the authors looked at whether the economic theory of money multiplier (a central concept in fractional reserve banking) is supported by empirical data, and found that it is not. Part of the ...

En un número reciente del American Economic Review, prominentes economistas presentan su visión sobre qué constituye el núcleo central de la teoria macroeconómica. Entre otros aspectos, coinciden en ...

When I was a kid in church youth group, we sang a song about a magic penny and it goes like this: “Love is like a magic penny. Hold it tight and you won’t have any. Give it away and you’ll have many…” ...

Why Information Grows: The Evolution of Order, from Atoms to Economies. By César Hidalgo. Basic Books; 232 pages; $26.99. Allen Lane; £20. THE question seems basic, but economists have yet to find a ...

When you want to get an idea of a company's financial condition, ratio analysis is one of the tools of the trade. In the following article, you'll learn about two useful balance sheet ratios: the debt ...

Prime Minister Mark Carney says Canada will meet its two per cent of GDP commitment to NATO by next spring though that’s only a down payment, as NATO seems likely to agree to a 3.5 per cent or higher ...