Discover the definition, stages, and benefits of economic integration, and explore real-world examples like the European Union and other global trade agreements.

Discover how dollarization works, its economic impact, and see examples like Zimbabwe's experience with adopting the U.S. dollar to combat hyperinflation.

An economic shock, also known as a macroeconomic shock, is any unexpected event that has a large-scale, unexpected impact on the economy. Many, but not all, economists also say that a shock has to be ...

Mentor is a city that’s developed a reputation for consistently achieving economic success. We were reminded of that fact after reading a recent News-Herald story that provided an update on business ...

A heretical idea has entered the national discourse: Maybe some other nations handle their economies better than we do. The June 9 issue of Bloomberg BusinessWeek included the article “Fixing ...

Forbes contributors publish independent expert analyses and insights. Economics professor and wearer of many hats. Economics: it’s the study of human action and its unintended consequences, and I ...

Macroeconomics provides policymakers with a holistic view of the economy, guiding decisions on inflation, GDP, and interest rates. Key factors in macroeconomics include economic growth rate, ...

The Federal Reserve on Friday released examples of the so-called fan charts that will be produced for Fed officials’ economic projections. A notice from the Fed said the fan charts would be included ...

People like to help those who are helping them, and to hurt those who are hurting them. Outcomes reflecting such motivations are called fairness equilibria. Outcomes are mutual-max when each person ...