How are countries around the world responding to inflation? Many central banks are raising interest rates to slow down inflation. Read all about it here and we'll talk about in Macro!

 

Curious how inflation affects you personally? This helpful graphic from the NYT can help you figure it out. We will be talking about inflation and purchasing power in Macro so check it out!

 

Listened to an interesting broadcast on NPR and the show talked about the economics of having wolves in an area to control deer, limit deer-to-vehicle collisions, and create economic benefits to the community. It makes for a good study break listen while not totally leaving the realm of economics

 

An interesting and fun article about the costs of inflation on an Easter-time tradition; the fish fry

 

An interesting look into the life of individuals at the front-line of the Supply Chain issue.

 

Given the possibility of sanctions being used in the ongoing tensions with Russia and our coverage of trade, exchange, and banking; it seems appropriate that we understand what sanctions are and what they do as well as their use in the current geopolitical system. Here is a very direct explanation of sanctions from the Council on Foreign Relations. 

 

A look by the NYT about how despite the economic growth that is occurring, most Americans feel uncertain about the economic future. Does feature some conversation about inflation, real/nominal GDP, and consumer confidence.

 

We talk about the Consumer Price Index in Macro. Representing a broad swath of goods the consumers purchase, an increase in it means that consumers are facing higher prices for goods and services. If that happens, people pay more for the same goods and the dollar doesn't go as far as it once did (inflation). 

 

Here is a great article by the New York Times that covers a lot of ground from inflation and rising prices, to the labor shortage, to current labor economics. A very interesting and worthwhile read that covers several topics we discuss in Macroeconomics.

 

 

 

An article on how the Federal Reserve, the United States' central bank, is using monetary policy to counteract the high inflation we are seeing today

Here is a good example of how workers/wages correct in the long-term to a higher price level.

 

https://www.nytimes.com/2021/12/13/business/workers-pay-europe-inflation.html?smid=url-share 

https://www.nytimes.com/live/2021/12/10/business/inflation-cpi-stock-market-news#cpi-inflation-november-2021 

An excellent article by the New York Times that examines how a new COVID wave in Europe has affected the traditionally strong holiday / end-of-year market in Austria, which is experiencing another lockdown, and other parts of Europe.

 

https://www.nytimes.com/2021/11/23/business/economy/europe-covid-economy.html 

Notice that price levels are increasing? You're not alone. Here is an NPR article on what the FED is doing to adjust monetary policy to combat inflation.

 

https://www.npr.org/2021/11/03/1051478945/federal-reserve-inflation-jobs-employment 

Here is a solid look at some of the problems that are keeping the economy below the pre-pandemic levels of output and employment from NPR. The article illustrates the interconnected nature of many of the problems we face.

 

https://www.npr.org/2021/10/28/1049611566/economy-gdp-third-quarter-delta-supply-chain