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Populism, Globalization and Nationalism

INET at the Trento Economics Festival

Article By Institute Staff

A collection of our research on populism, globalization and nationalism

Euroland: Will the Netherlands be the next domino to fall?

Article By Servaas Storm

Austerity has nurtured resentments that will likely make the populist right PVV the biggest winner in the March 15 election — but without the majority or the allies needed to govern

The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class

Paper By Servaas Storm

The U.S. economy is widely diagnosed with two ‘diseases’: a secular stagnation of potential U.S. growth, and rising income and job polarization. The two diseases have a common root inthe demand shortfall, originating from the ‘unbalanced’ growth between technologically ‘dynamic’ and ‘stagnant’ sectors.

Market Power, Low Productivity, and Lagging Wages: The Real Drivers

Article By Lance Taylor

To understand labor productivity—and growing inequality—you have to look at the “dual economy”

The Mismeasure of Mammon: Uses and Abuses of Executive Pay Data

Paper By William Lazonick and Matt Hopkins

Report to the Institute for New Economic Thinking on the statistical measurement and policy implications of the compensation of the highest- paid U.S. corporate executives

How Money Drives US Congressional Elections

Paper By Thomas Ferguson, Paul Jorgensen, and Jie Chen

Social scientists have stubbornly held that money and election outcomes are at most weakly linked. New research provides clear evidence to the contrary.

The Economic and Social Roots of Populist Rebellion: Support for Donald Trump in 2016

Paper By Thomas Ferguson, Benjamin Page, Jacob E. Rothschild, Arturo Chang, and Jie Chen

This paper critically analyzes voting patterns in the 2016 U.S. presidential election.

The Contributions of Socioeconomic and Opioid Supply Factors to Geographic Variation in U.S. Drug Mortality Rates

Paper By Shannon Monnat

Economic distress in rural areas and opioid exposure in cities are key indicators of overdose deaths

Lost in Deflation

Paper By Servaas Storm

Why Italy’s woes are a warning to the whole Eurozone

The Cyclically Adjusted Budget: History and Exegesis of a Fateful Estimate

Paper By ​Orsola Costantini

This paper traces the evolution of the concept of the cyclically adjusted budget from the 1930s to the present.

The Corporate Plan to Groom U.S. Kids for Servitude by Wiping Out Public Schools

Article By Lynn Parramore

Training first-world children for a third-world life

The American Dual Economy: Race, Globalization, and the Politics of Exclusion

Paper By Peter Temin

I describe the American economy in the twenty-first century as a dual economy in the spirit of W. Arthur Lewis.

The Vanishing Middle Class: The Growth of a Dual Economy

Paper By Peter Temin

Growing income inequality is threatening the American middle class, and the middle class is vanishing before our eyes. We are still one country, but the stretch of incomes is fraying the unity of our nation.

More INET video

Working Paper Series

Demand-determined potential output: a revision and update of Okun’s original method

Paper By Claudia Fontanari, Antonella Palumbo, and Chiara Salvatori

Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why

Antitrust and Economic History: The Historic Failure of the Chicago School of Antitrust

Paper By Mark Glick

This paper presents an historical analysis of the antitrust laws.

Lost in Deflation

Paper By Servaas Storm

Why Italy’s woes are a warning to the whole Eurozone

Economic Consequences of the U.S. Convict Labor System

Paper By Michael Poyker

Prisoners employed in manufacturing constitute 4.2% of total U.S. manufacturing employment in 2005; they produce cheap goods, creating labor demand shock.

The Knightian Uncertainty Hypothesis: Unforeseeable Change and Muth’s Consistency Constraint in Modeling Aggregate Outcomes

Paper By Roman Frydman, Søren Johansen, Anders Rahbek, and Morten Tabor

This paper introduces the Knightian Uncertainty Hypothesis (KUH), a new approach to macroeconomics and finance theory.

New Evidence on the Portfolio Balance Approach to Currency Returns

Paper By Nevin Cavusoglu, Michael Goldberg, and Josh Stillwagon

Asset markets are indispensable in harnessing society’s diverse views and insights about future business performance. But those views are shaped as much by emotion and crowd mentality as by rational expectations.

The Contributions of Socioeconomic and Opioid Supply Factors to Geographic Variation in U.S. Drug Mortality Rates

Paper By Shannon Monnat

Economic distress in rural areas and opioid exposure in cities are key indicators of overdose deaths

More papers