Macroeconomics for the 21st century: Part 2, Policy Olivier Medjo Ndille 12.03. 2010 What are the implications of combining Keynesian ideas with Walrasian general equilibrium theory in a way that does not assume sticky prices? This column presents the...

Macroeconomics for the 21st century: Part 1, Theory Olivier Medjo Ndille 12.03. 2010 What are the implications of combining Keynesian ideas with Walrasian general equilibrium theory in a way that does not assume sticky prices? This column presents the...

A new Glass-Steagall Act? Olivier Medjo Ndille 4 March 2010 A return of the Glass-Steagall Act has been suggested by US policymakers and commentators as a way to reduce risk in financial markets. This column argues that the legacy of separate commercial...

The effect of bank loans and credit standards on output 12 March 2010 How important is credit availability to the real economy? This column examines evidence from the Eurozone and suggests that a change in loan availability has a positive and statistically...

Do higher cigarette prices deter smoking? Evidence from developing nations Do higher cigarette prices deter smoking? This column finds that policymakers in developing countries could reduce cigarette consumption by youths by raising taxes. A 10% increase...