Mostly Economics

Maurice Obstfeld on Argentina’s economy: Once one of the world’s 10 wealthiest nations, Argentina has never fully recovered from its post-World War I decline. Now, as Washington renews its focus on Latin America, libertarian president Javier Milei is betting on close ties with the Trump administration to secure lasting economic stability in Argentina, but sustained […]

Tim Philips of voxeu speaks to Alberto Martin on how superpowers dictate trade: Recorded at the PSE-CEPR Policy Forum, Paris School of Economics. Tariffs move trade around, but so does economic power. When one economy dominates, other countries fall into step with it. They trade with the dominant economy, and also with each other. Alberto […]

European Central Bank conducted a contest seeking proposals for future banknotes. The report of the contest is here The 10 shortlisted proposals are here. Really fascinating to read how artists/designers think through what should feature on the currency notes. A very interesting case of arts meeting money.

Sarah Hunter, Assistant Governor (Economic) of RBA discusses supply shocks and their impact on monetary policy in this speech: In short, supply or relative price shocks can create a trade-off for monetary policymakers if they are likely to have a persistent impact on inflation and the broader economy. All else equal, a persistently higher outlook […]

Matthew Wells writes about history of Bank of North America: Hamilton is credited as the architect of the postrevolutionary U.S. financial system that allowed the country to not just survive but grow and prosper. In 1790 and 1791, he led the effort to charter the First Bank of the United States, the country’s first national […]

A Teacher Writes to Students Series (73): Hating Politics Annavajhula J C Bose, PhD Former Professor, Department of Economics, SRCC, DU Suppose you are afflicted with political disaffection and you are wondering why there is expanded social reproduction of bad politicians indulging in nonsense and how good politicians can come into existence to take up […]

Brian Grinder and Dan Cooper write in Financial History magazine of the Museum of American Finance.  They discuss how Rembrandt’s paintings tell us about risk and return: Rembrandt also reminds us that sometimes a risky situation can be resolved in an unexpected way. The disciples woke Jesus up from a deep sleep so he could … … Continue reading →

Marcos Giansante on Mises Institute Blog: Long before economics became a discipline—before universities, statistical models, or debates over monetary policy—a more fundamental question emerged on the shores of the Aegean Sea: Why does order exist at all? The question did not arise in a royal court, a military academy, or a government bureau. It emerged … … Continue reading →

History of Economic Thought scholar Alessandro Roncaglia reflects on Wealth of Nations @250: Adam Smith’s political economy is best understood as part of a broader inquiry into human beings and society, rather than as a narrow theory of market self-regulation. This paper situates The Wealth of Nations within Smith’s wider intellectual project, including his writings … … Continue reading →

Bernhard Bartels, Barry Eichengreen, Julian Schumacher and Beatrice Weder di Mauro in this voxeu article argue that  independent central banks take more risk: The fiscal dominance view holds that politically captured central banks are more likely to be pushed into taking risky positions, while independent ones resist. This column presents new estimates of the value … … Continue reading →

Book Review: India’s Economy Research Unit for Political Economy. 2025. Aspects of India’s Economy. 88. Mumbai. December. Pp. 108. INR 50. Annavajhula J C Bose, PhD Former Economics Professor, SRCC, DU   The  demand problem and the public sector cannibalization  in India are revealed as cyclopean truths of the Indian economy in this tiny booklet. … … Continue reading →