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What is macroeconomics, and what does it tell us about how an economy really works? In this episode of Understanding Economics, I explain why macroeconomics Read the full article.....
What is fiscal policy, and why does it matter? Fiscal policy is one of the government’s most powerful economic tools, yet it is also one Read the full article...
This is the third in this series of infographics on the basics of economics. The first, on economics, has been published, as has that on microeconomics. Read the full article...
Two of the terms least understood in economics are fiscal policy and monetary policy. This deals with one of them.
THE RICHARD J MURPHY YOUTUBE CHANNEL DEBATE AMMUNITION What Is Fiscal Policy? Funding the Future | July 2026 Topic How government uses the mix between Read the full article...
The poverty of supposed macroeconomic thinking in the UK is illustrated by a report in the FT this morning that says: Andy Burnham has scope Read the full article...
After yesterday's infographic on fiscal policy, it seemed right to do one on monetary policy: Please note: this is the second version of this image, Read the full article...
This infographic supports this morning's video: How to expand this image If you press CTRL or Command and Plus (+) on your keyboard, your browser Read the full article...
Prime Minister Han Seong-sook said Monday the government should focus on growth when it comes to fiscal policy, stressing that investment in growth-oriented areas is a key way to m...
Most economists assume the answer is obvious. They say the purpose of the economy is growth, and they measure success using GDP. But what if Read the full article...
This is the second in a series of infographics. The first, on economics, has been published. The series will continue with: Macroeconomics Political economy The Read the full artic...
NB: This infographic has been updated. The only change is to a sketch in box 2. This is the fourth in this series of infographics Read the full article...
What is microeconomics really about? Conventional economics usually puts markets at the centre of the answer. It assumes that individuals make rational choices and that Read the fu...
The economic activity was supported by existing government measures
Through yesterday: Figure 1: EPU (blue, left scale), 7 day centered moving average (red, left scale), EPU-trade policy (green, right scale), 7 day centered moving average (black, r...
I have said many times before that we are heading for a difficult autumn. I said so before most did. Andrew Bailey, who is determined Read the full article...
This is the first in a series of infographics which will continue with: Microecnomics Macroeconomics Political economy The household analogy And more. How to expand Read the full a...
A data-based pause and continuation of neutral stance is ideal, while waiting for current uncertainty to resolve
The ruling Democratic Party of Korea (DPK) and the government on Tuesday stressed the need for the active role of fiscal policy and investment in future industries, as the governme...
THE country stands at a critical fork in its developmental road.Recent data and international assessments offer a bitter-sweet reality, while high-level economic... To a...
This is a longer-than-usual blog post. As I note at the end, it was essentially co-developed with Jacqueline in a long session over coffee in Read the full article...
MACROECONOMIC statistics are fine on paper, but they do not put bread on an ordinary family’s table. Writing off the daily struggles... To access this content, please pu...
PM aide says stability essential for development; super tax removed from export businesses
Experts say weak exports, low investment, privatisation policies capping growth
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