GoldRepublic B.V

Jokes abound about economists, but one is particularly relevant to our article of today. A retired economics professor is back at the university where he studied and used to teach for his 50-year class reunion. He asks if he could see the current economics exam. After a little while, he receives the most recent version of the economics exam from a faculty member. He scans carefully through the exam, looks up somewhat surprised, and utters: “But this is exactly
the same exam that I wrote almost 50 years ago!” “Yes,” responds the faculty member, “the exam is exactly the same, but all the answers are different!”

The Dominant Doctrine at the Fed

The “Output Gap”

The current estimated output gap. Source: ST LOUIS FED

The “Neutral” or “Natural” Interest Rate

The Taylor Rule


The Fed Is Groping in the Dark


Sign up for our periodical newsletter to stay informed about the gold and silver markets and special offers.


GoldRepublic operates under license from the Dutch Authority for the Financial Markets (AFM),
Registration Number 12020650

This website uses cookies

By continuing to use this site you consent to the use of cookies. These are necessary for our site to work properly. For more information read our cookie policy and privacy policy.
Accept cookies