When I was a kid in church youth group, we sang a song about a magic penny and it goes like this: “Love is like a magic penny. Hold it tight and you won’t have any. Give it away and you’ll have many…” ...

The vast piles of dollars proposed, pending and spent to stimulate the U.S. economy must be used as an investment in the future of America and not just to bail out companies that have failed to live ...

Basically the authors looked at whether the economic theory of money multiplier (a central concept in fractional reserve banking) is supported by empirical data, and found that it is not. Part of the ...

This week “The Economist explains” is given over to economics. For each of six days until Saturday this blog will publish a short explainer on a seminal idea. WHEN Barack Obama sought to boost America ...

Earlier work (Sonis and Hewings, 1993, 1995; Sonis, Hewings and Miyazawa 1997a) has explored new ways of examining the structure of regional economies using input-output and social accounting systems.

The United States enacted a series of fiscal relief and stimulus bills in recent weeks, centered around the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The current fiscal response ...