Becoming Ben Bernanke

This was fun! A 5 minute Federal Reserve simulation lets you target the fed funds rate for 16 hypothetical quarters and then watch the inflation and unemployment impact. It all appears manageable unti…

Euro Matters

Said to have been one of the least-prepared countries to transition to euro cash, Greece was an original participant in the euro launch on January 1, 2002.  In the first major euro robb…

A Fourth Monetary Policy Tool

The chasm between economics textbooks and real life has grown larger. It is just tough to keep up. Looking at monetary policy, the most typical tool used by the Federal Reserve takes students so very …

A Rule to Remember?

Resembling the disagreement between Paul Krugman and Greg Mankiw on healthcare reform, the debate surrounding the Taylor rule has become somewhat spirited. Yesterday, Ben Bernanke even focused on it d…

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