We produce & fund research

that challenges economic orthodoxy

We inform & educate

to change the conversation about major economic problems and policy

We engage students

and support a global network of new economic thinkers

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that bring together scholars, students, and policymakers from around the world

Is Green Growth Possible? A Debate

Why “Green Growth” Is an Illusion

Article By Enno Schröder and Servaas Storm

Wishful thinking and tinkering won’t cut it. Nothing short of a mass mobilization for deep de-carbonization across the global economy can avert the looming climate catastrophe. 

The Inconvenient Truth about Climate Change and the Economy

Article By Gregor Semieniuk, Lance Taylor, and Armon Rezai

The new IPCC Report is overly optimistic about global productivity growth and fossil fuel energy use. More dramatic, immediate action is needed

How We Can Avoid Climate Catastrophe

Article By Adair Turner

A new report shows an economically viable path to net-zero CO2 emissions in key industries by 2060

Conditional Optimism: Economic Perspectives on Deep Decarbonization

Article By Michael Grubb

A response to economists who doubt our capacity to decarbonize while maintaining robust growth

A Reply to Michael Grubb’s Growth-Decarbonization Optimism from Schröder and Storm

Article By Enno Schröder and Servaas Storm

Market tweaks and incentives won’t save us from climate catastrophe. Only radical policy change will.

A Reply to Michael Grubb’s Growth-Decarbonization Optimism from Semieniuk et al

Article By Gregor Semieniuk, Lance Taylor, and Armon Rezai

Hope for mitigating climate catastrophe may not be lost, but the scale of political change needed is no cause for optimism

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Working Paper Series

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

Labor Laws and Manufacturing Performance in India: How Priors Trump Evidence and Progress Gets Stalled

Paper By Servaas Storm

For years, governments in India and much of the developing world have followed the advice of a paper arguing that labor regulations actually hurt workers. The problem? The research was wrong.

Estimates of the Natural Rate of Interest and the Stance of Monetary Policies: A Critical Assessment

Paper By Enrico Sergio Levrero

Starting with the literature on the estimates of the natural rate of interest, this paper critically analyzes the modern practice of identifying the benchmark rate of monetary policy with an equilibrium or neutral interest rate reflecting “fundamental forces” unaffected by monetary factors.

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