Articles
Articles and analyses from the INET community on the key economic questions of our time.
Bring on the Bubble: William Janeway on the Future of Green Technologies
Where will today’s innovation come from?
Understanding Bank Liquidity
When Is the Time for Austerity?
Recent austerity policies have been guided by ideology rather than research. This column discusses research that reconciles disparate estimates of fiscal multipliers in the literature. It finds that common identification assumptions are problematic. Matching methods based on propensity scores show how contractionary austerity really is, especially in economies operating below potential.
Did Capitalism Fail? The Financial Crisis Five Years On
Did the global economic collapse in 2008 stem from structural failures in the capitalist system?
Thirteen Ways to Split a Cake*
The Entrepreneurial State: Debunking Public vs. Private Sector Myths
is the public sector really sclerotic and conservative in contrast with a dynamic and innovative private sector?
On the Link between Inequality, Credit, and Macroeconomic Crises
To what extant do existing mainstream models properly address issues such as heterogeneity and interactions, which are considered central ingredients to understand economic crises as emergent, endogenous phenomena.
Economics Needs Replication
A chronology of economics at Carnegie (in progress)
To illustrate the previous post on the difficulties in putting together a chronology, here is tentative chronology of economics at Carnegie. It’s still in process, and links, sources and entries will be updated as I read.
I like IKE
Imperfect knowledge economics, or IKE to their friends, is popular with all the popular kids. George Soros, Bill Janeway and Anatole Kaletsky were in attendance as Roman Frydman and Michael Goldberg - or more properly, their students - showed the latest work in progress.
Japan's Money Base Will Be 45% of GDP: US and UK is 19%-21%
Japan is going to double its money supply, according to today’s front page of the Financial Times (5 April 2013), and a salient question might be what we should compare that to. It sounds like a lot, but is it?
Meeting New Challenges in China
Russia to the Rescue of Cyprus?
There is a certain rich irony attached to the sight of corrupt Russian oligarchs now posing as liberal champions of the rule of law as they find themselves sucked into the maelstrom of Cyprus’s ongoing financial crisis.