What In The Economics?
What In The Economics (WITE), initiated by the NUS Economics Society (NUS ECS), is a research program aimed at analysing contemporary economic subjects. Through WITE, Research Executives will have the opportunity to refine their economic intuition and communication skills by delving into research on current affairs from an economic perspective.
Microfinance has been instrumental in reducing poverty in Bangladesh by enabling low-income individuals to access financial resources, with key contributions from microfinance institutions (MFIs) such as Grameen Bank. It has strengthened rural economies by supporting small enterprises and farming activities. However, challenges such over-indebtedness and financial distress among borrowers threaten the long-term stability of MFIs.
Read MoreThis paper examined the effects of increasing the money supply on real output in both the short and long run. The Keynesian Sticky Nominal Wage Model suggests a short-run rise in output, while heterodox theories propose potential long-run gains through mechanisms like interest stabilization and crisis prevention, though these are strongly challenged by the Austrian school. Empirical evidence points to a possible positive relationship, but many argue it falls short of proving causality. The paper explored how practical application depends on the relative shifts in aggregate demand and long-run aggregate supply, as well as public tolerance for inflation, ultimately reflecting that more output is not always the optimal choice in economics.
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