Category: Case of the Month

The Fed and Asset Bubbles

Financial booms and busts is a recurring theme in history, from the tulip mania in the 17th century to the dot-com rage and beyond. The financial crisis of…

ECB in liquidity trap?

2014: The euro crisis has been averted but problems still loom for the European Central Bank. Unemployment is record high and the economy has a long way to…

Euro zone and the new political initiatives

2017: Emmanuel Macron is elected president in France under waving EU flags. Soon after, Martin Schulz, former president of the European Parliament, takes the helm at the German…

US Trade Deficit – Part Two

The US trade deficit has been subject to much debate since the election of Donald Trump. In the previous mini-case, we saw that the deficit is big and…

US Trade Deficit – Part One

The United States has a big trade deficit: the difference between imports and exports is a staggering 500 bn. dollars per year. That’s a big number. But is…

The Norwegian Central Bank's dual target

The Norwegian Central Bank’s Dilemma

The Norwegian economy depends on the oil industry. In 2014, the oil price collapsed. How did it affect the country’s economy and what did the Central Bank do…

Made in China

Did you ever wonder how China grew to become the world’s largest economy? In this case study, we apply a technique called growth accounting to demonstrate the sources of…