A legislation setting standards for atmospheric pollution in the United States, requiring the EPA to establish air quality standards and emission control guidelines.
A model of the economy assuming price, wage, and interest rate flexibility with fully employed factors and output growth dependent on factor supply growth.
Exploration of compensating variation, including definitions, historical context, and major theoretical frameworks.
A central banker with a higher valuation of price stability relative to activity levels than the average for a country’s population.
A model of representative government where any citizen can be a candidate for political office, illustrating how economic policies emerge from a political process.
An overview of convertible currency and its economic implications.
Definition and explanation of the clearing system in banking, including its processes and significance.
An institution for offsetting interbank claims, minimizing fund transfers between banks.
The movement of capital between countries, either as outflows of domestically owned capital to foreign countries or inflows of foreign-owned capital into a country.
Consumer non-durables are goods that are used up quickly and are not serviceable beyond their immediate one-time use.
An exploration of causality, focusing on Granger causality within econometrics
