Monetary theory examines the nature, creation and control of money in the economy, while policy analysis focuses on how central banks and regulatory authorities intervene to achieve macroeconomic ...

Macroeconomic theory examines aggregate economic behaviour and seeks to explain how output, employment, inflation and external balances are determined at the national and global levels. Core strands ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

Robert E. Lucas Jr., a Nobel Prize-winning economist whose revolutionary theories transformed the field of macroeconomics and our understanding of economic policy, died May 15. He was 85. A member of ...

As the world economy faces unprecedented shifts, the dynamics of global trade, exchange rates and capital flows are evolving in ways that challenge established economic theory and policy frameworks.