Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

The two most prominent theories of macroeconomics to emerge during the 20 th century are the Keynesian Theory of Money and the Monetarism Theory. Keynesian thought traces back to the early part of the ...

Just how important is money? Few would deny that it plays a key role in the economy. But one school of economic thought, called monetarism, maintains that the money supply (the total amount of money ...

Anna Schwartz must be the oldest active revolutionary on earth. Born in 1915 in New York, she can still be found nearly every day at her office in the National Bureau of Economic Research on Fifth ...

This essay articulates the principles and practices of New Monetarism, our label for a recent body of work on money, banking, payments, and asset markets. We first discuss methodological issues ...

Ann Behan has 10 years-plus of experience researching, writing, and editing articles, white papers, and executing searches at the board level across various industries. Her expertise includes ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

While central planning has historically been associated with the American left, and with failed socialist experiments outside the U.S., it’s most recently revealed itself on the American right. The ...

In his letter (Jan. 18) responding to our op-ed “How Japan Kept Inflation Rates Low” (Jan. 10), Richard Katz incorrectly employs a quote from a 2003 newspaper interview with Milton Friedman. Over ...