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Even as US economic recovery rebounds, demand stallsOctober 30, 2022
US economic growth rebounded strongly in the third quarter amid a shrinking trade deficit, but that overstates the economy’s health as domestic demand was the weakest in two years because of the Federal Reserve’s aggressive interest rate hikes. The Commerce Department’s advance third-quarter gross domestic product report on Thursday also showed residential investment contracting for aContinue reading “Even as US economic recovery rebounds, demand stalls”
Nobel prize 2022 in economicsOctober 30, 2022
The Royal Swedish Academy of Scienceshas decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 to Ben S. BernankeThe Brookings Institution, Washington DC, USA Douglas W. DiamondUniversity of Chicago, IL, USA Philip H. DybvigWashington University in St. Louis, MO, USA “for research on banks and financial crises” TheirContinue reading “Nobel prize 2022 in economics”