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Category: Interest Rates and the Market for Loanable Funds

  • College Students Need Macroeconomics Principles

    Should we ditch macroeconomics or perhaps reduce it to two weeks?  In a recent blog post, Noah Smith argues that most of the material in a Principles of Macroeconomics class isn’t really necessary.  After teaching macro principles to more than 1,000 students per year since 2003, it is easy for me to find the blind…

  • Monetary Policy During the Crisis

    Last Friday, the Fed released the detailed transcripts of FOMC meetings during 2008, the year they realized the gravity of the financial crisis.  It's a big job, but if you are so inclined, you can read the transcripts in their entirety here.  The NY Times has done us all a service by splicing key statements…