
Economics
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Greg Mankiw's Blog
The 8th edition of my intermediate macroeconomics text will come out in June, ready for fall classes. One significant change in this edition is that some of the existing material has been reorganized. Over the past several years, monetary policymakers at the Federal Reserve have engaged in a variety of unconventional measures to prop up a weak banking system and promote recovery from a deep recession.EconLog | Library of Economics and Liberty
"Let's make our demand for gasoline even more inelastic." Other economists suggest a gasoline tax that would increase as gasoline prices fall toward a predetermined floor and decrease as pump prices rise above it. This way, OPEC countries would be unable to manipulate prices lower so as to destroy the returns of persons risking capital in alternative-energy investments, which the cartel has adeptly done in the past.Giancarlo Corsetti , 2 April 2012 Is austerity self-defeating? Is it keeping Europeans underemployed for years and destroying the very growth needed to pay off the debt?

