Articles
Articles and analyses from the INET community on the key economic questions of our time.

Euro Summit Statement Explained
NGDP target, in practice
Nobel Prize Tasseology

A Response to John Kay's Essay on the State of Economics
The financial crisis of 2007-2009 should have been sufficient empirical evidence to indicate that the axiomatic basis of the mainstream theory needs to be replaced.

A Response to John Kay's essay on the State of Economics
The future of macro, he says, may well make “the formation and revision of expectations an object of analysis in its own right.”

Progress in Economics: A Comment
I thought I could use some of my illegitimate blog administrator’s privileges to participate in the discussion on the “progress in economics” post by Floris without being lost in the midst of other users’ comments.

Bank of the World
Fizzle at Jackson Hole

Disaggregate, disaggregate!
Last June at a History of Social Science workshop , David Engerman presented a paper on the Harvard’s Refugee Interview Project (1950-1954).

Warren J. Samuels (1933-2011)
On this blog, we like to overstate quite a bit our irreverence towards the establishment and in particular our senior colleagues.
Okay, leadership, but by whom?
Haircuts and Instability
Economics and Politics
Moral Hazard in Congress

When $3 trillion is not enough
I interviewed Victor Shih, political scientist at Northwestern, at INET’s Bretton Woods conference earlier this year.

Who does original research?
INET is all about thinking new things, and indeed academia is supposed to inspire great thoughts.
When the US last defaulted...
The government and the market
Ron Paul's Modest Proposal

A PBoC balance sheet primer
Last time, I looked at the Chinese property market. The last link in that chain of financial interlinkages is the People’s Bank of China, the Chinese central bank.