Articles
Articles and analyses from the INET community on the key economic questions of our time.
To Fix Inequality and Steady the Economy, Think Radically
Sometimes a radical path is the most practical way out of a mess.
$1.90 Per Day: What Does it Say?
The World Bank’s global poverty estimates suffer from deep-seated problems arising from a single source, the lack of a standard for identifying who is poor and who is not that is consistent and meaningful.
Travelling Knowledge and Tools
News about a wonderful workshop, “Knowledge Transfer and Its Contexts”
Why Carried Interest is Suddenly the Inequality Flashpoint
A little-understood rule in the tax code is making headlines. What’s all the fuss?
China’s stock market crash reveals financial policy tensions
The unprecedented intervention by China’s authorities to backstop China’s stock market reveals widening policy tensions in China’s leaderships financial reform agenda.
What Happened to China’s Stock Market and Why You Should Care
The sharp and sudden plunge scared everyone. Can the Chinese government get control of the market?
Why 'Grexit' could be good for Greece
It is a shame that Greece was unable to manage its finances and is now slipping into chaos. But this outcome was inevitable and could not be permanently averted with loans from the international community.
Sinn Advises Greece to Reinstate the Drachma
It is time for Greece to make a daring leap and adopt its own currency, says Ifo President Hans-Werner Sinn. “The drachma should be introduced immediately as a virtual currency,” Sinn said in Munich.
Fiscal implications of the ECB’s bond-buying program
The monetary-fiscal policy connection is under scrutiny by the German Constitutional Court in the context of the ECB’s OMT bond-buying programme. This column argues that most analyses are deeply flawed by the misapplication of private-company default principles to the central bank. ECB bond-buying transforms public bonds into monetary base, and sovereign-default risk into inflation risk. The real question is: What is the non-inflationary limit to money-base expansion? This depends upon the economic situation and is much higher in the current liquidity-trap setting.