Welcome to the Macroeconomics Updates. Every other week or so
Professor Michael Brandl will be emailing, and posting to this web page, current happenings in the macro and global economy that might be of interest to McCombs alumni and current students.
The
economic
pundits
are
filling
the
airways
with
stories
of how
high
energy
prices
are
going
spell
doom for
the US
economy.
In
Washington
and
across
the
country
politicians
seem to
tripping
over
themselves
trying
to find
“someone
to
blame”
for
raising
gasoline
prices.
As
usual,
the
pundits
and
politicians
are not
getting
the
story
quite
right.
Instead
supply
and
demand
offer a
better
way to
analyze
what is
going
on.
This
does not
mean
things
will not
change.
What
will
those
changes
look
like?
Well...
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