By Institute economist Elham Saeidinezhad
The main goal of the macroeconomist is to understand the sources behind business cycles and the behavior of financial markets in the modern economy.
As in any science, economics offers many ways to accomplish its tasks. What sets economics apart, however, is that this year two models that are in sharp contrast with each other in explaining the dynamics of financial assets, and were created by two high-profile economists, were selected to receive the discipline’s highest honor - the Noble Prize in economics. Read more