Bank Regulation and the Effectiveness of Open Market Operations

macroeconomics, international, open markets, bank regulation

FOMC Policy: 1970 and Beyond

macroeconomics, FOMC, 1970

Comments and Discussion [Crowding Out or Crowding In? Economic Consequences of Financing Government Deficits]

macroeconomics, deficits, federal deficit, tax reduction, inflation, deflation

Missing motoric manipulations: rethinking the imaging of the ventral striatum and dopamine in human reward

Human neuroimaging studies of natural rewards and drugs of abuse frequently assay the brain’s response to stimuli that, through Pavlovian learning, have come to be associated with a drug’s rewarding properties. This might be characterized as a ‘sensorial’ view of the brain’s reward system, insofar as the paradigms are designed to elicit responses to a reward’s (drug’s) sight, aroma, or flavor. A different field of research nevertheless suggests that the mesolimbic dopamine system may also be critically involved in the motor behaviors provoked by such stimuli. This brief review and commentary surveys some of the preclinical data supporting this more “efferent” (motoric) view of the brain’s reward system, and discusses what such findings might mean for how human brain imaging studies of natural rewards and drugs of abuse are designed

Commercial banks and the supply of money: a market-determined demand deposit rate

Banks and banking ; Bank investments