Trump’s tariffs have sent the world into a frenzy but there could be method yet. Economic theory shows that tariffs can in some cases reduce prices, writes Paul Ormerod The reactions to President ...

In October 2024, Treasury secretary Janet Yellen addressed the Council on Foreign Relations to tout the Biden administration’s “modern supply-side economics.” She argued that more government spending ...

Econometric modelling of international trade dynamics combines rigorous statistical techniques with economic theory to quantify how goods and services cross borders and evolve over time. At its core ...

Two of the most commonly accepted theories for the origin of money are the commodity theory and the chartalist theory. Both have drawbacks, but in recent years, the chartalist theory has gained much ...