Articles
Articles and analyses from the INET community on the key economic questions of our time.
From Keynes to Lucas, and Beyond
Book review: Michel De Vroey and the problems of macroeconomics
This is Water (or is it Neoliberalism?)
A meditation on Vercelli, Vernengo and Levitt & Seccareccia
Monetary Finance: Mechanics & Complications
Eight years after the 2008 crisis the global economy is still stuck with low growth, too low inflation, and rising debt burdens. Massive monetary stimulus has failed to generate adequate demand, and some commentators suggest that we are “out of ammunition” with which to counter deflationary pressures.
Debate: How is the Greek rescue package being spent?
Despite using different methodologies, a number of scholars agree that most of the ‘bailout’ money is going to Greece’s foreign creditors
Independence vs. Accountability in the Evolution of the Fed
Peter Conti Brown’s new book explores and debunks a powerful meme shaping public understanding of the role of the Fed
Shadow banking’s enduring perils
Minimum Wages & Job Loss
The Unfairness of Housing Purchases Through Time
Amid the ongoing research interest in questions of inequality, it is important to examine the question of access to housing — and how that has changed over the decades. The specific question I have sought to answer, here, is whether the real cost (measured against income) of buying the average home has risen.
Varoufakis: Star Trek or The Matrix?
Capitalism will destroy itself, the former Greek finance minister warns, if economic calculation excludes human needs and ignores democratic verdicts
Three Questions with Dean Corbae
Towards a theory of shadow money
The Global Consumption and Income Project
We have developed over a number of years and now make publicly available a new and unprecedented data resource for understanding levels of living, poverty, inequality and inclusivity of growth and development around the world.
Instability & Stagnation in a Monetary Union
The intra-EMU divergences are a feature of the system rather than just a bug.
When Things Fall Apart
Blanchard, the NAIRU, and Economic Policy in the Eurozone
A recent policy brief by Blanchard (2016), based on an earlier paper (Blanchard, Cerutti, Summers 2015) raises a number of interesting points concerning the NAIRU and the Phillips Curve, which are further discussed in the comment on the paper by Ball (2015).