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Journal Article
Interview with Kenneth Rogoff
Interview with Harvard economist about financial globalization, risks to central bank independence and the history of financial crises.
Journal Article
Nonneutrality of money in classical monetary thought
Contrary to the strawman classical model of the textbooks, the original classical economists did not believe that money-stock changes affect only the price level and not real output and employment. Most classicals saw money as having powerful short-run real effects and perhaps some residual long-run effects as well. Concern for moneys impact on real activity strongly influenced the classicals views of the desirability or undesirability of monetary expansion and contraction.
Journal Article
Interview : Charles Holt
Economists think out loud online
Journal Article
Interview with Joseph E. Stiglitz
When Joseph Stiglitz was named to the president's Council of Economic Advisers in 1993, one pundit named the group "the dream team of economics," and another writer later dubbed him the council's "idea man."
Journal Article
Interview with Edward C. Prescott
When Prescott was named a Regents' professor at the University of Minnesota this summer?an honor reserved for just 20 active professors at any time?it was not only a recognition of his contributions to economics research, but also his dedication to the classroom.
Journal Article
Profile of Joseph E. Stiglitz
Journal Article
Masters of illusion
Two Minneapolis Fed economists propose a controversial solution to a long-term puzzle: Why do home prices soar in both high and low inflation eras?
Journal Article
Interview with Robert Solow
Journal Article
Interview : W. Kip Viscusi
Journal Article
The trade theorist's sacred diagram: its origin and early development
From Irving Fisher in 1907 to Jan Tinbergen in 1945 at least eight economists developed the famous diagram used to demonstrate the gains from international trade.