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By Brett Fiebiger, Ph.D A liquidity trap may be defined as a situation in which conventional monetary policies have become impotent, because nominal interest rates are at or near zero: injecting monetary base into the economy has no effect, because...

I’ve seen recent signs that the gap between Keynesians and market monetarists is narrowing.  David Beckworth reached out to fiscal advocates in a recent post, and Ryan Avent also tried to bridge the gap.  As you’d expect, Martin...

HONG KONG, CHINA—(Marketwired – Dec 15, 2016) – Emerging markets in Asia are expected to continue to grow in 2017, offering opportunities for investors amid ongoing global political and market volatility. Despite considerable political uncertainties...

I have been waiting to post this until now, when there are only twelve months before the end date of my bet with Noah Smith on whether inflation would break 5% over any twelve-month period without a high-pressure labor market. I took the “no”. He took...

Introduction and executive summary Debate is heating up about the Trans-Pacific Partnership (TPP)—a proposed new trade agreement. At EPI we urge policymakers to assess every issue they approach—whether macroeconomic stabilization policy, tax and budget...