Articles
Articles and analyses from the INET community on the key economic questions of our time.
Destabilizing A Stable Crisis
Readers of Minsky are familiar with the idea that governments should act as financial stabilizing agents for their economies by running surpluses in times of boom and deficits in times of crises.
Self-Control and Public Pensions
The Nature of Invention
Post-Crash Economics
We Can Blog it!
The more reflexive mode brought by the financial crisis to macroeconomics made economists more outspoken about methodological, historical and sociological issues: how have we come to the DSGE dogma? What are its limitations? How can we produce alternative knowledge? Do publishing practices favor a “monolithic” thinking, and if so, how can we change it? What about the graduate training in economics?
Macrowars, economists' narratives, and my dreamed history of macro
The last straw in the enduring blog debate over microfoundations has taken a decisive historical turn.
Macroeconomics in Perspective
Macroeconomics in Perspective
When is a Bubble a Bubble?
Bubbles have become a major focus of discussion in today’s financial markets. But very few people actually define what they mean when describing this financial phenomenon.
Modeling a World of Imperfect Knowledge
Does it matter if the Rational Expectations Hypothesis is unrealistic?
Harry Dexter White and the History of Bretton Woods
Why does Benn Steil’s history of Bretton Woods distort the ideas of Harry Dexter White?
Too Much Debt: Adair Turner on the Dangers of Excessive Sector Leverage
Adair Lord Turner, former Chairman of Great Britain’s Financial Services Authority and current Senior Fellow at the Institute for New Economic Thinking, argued in a keynote address to the Federal Reserve Bank of Chicago on Thursday that central banks must be equipped in future to address the dangers of excessive private sector leverage, using both pre-emptive interest rate policy and macro-prudential policy tools.
Human Capital and Economic Inequality
Inequalities in skills are fundamentally linked to economic and social inequalities.