Articles
Articles and analyses from the INET community on the key economic questions of our time.
Nobody understands money
Heterodoxy and The Economist
Fixed exchange rates
As we prepare to digest the implications of this week’s ECB move, it seems worthwhile to take a look at the monetary economics of fixed exchange rates.
John Whittaker: Eurosystem balances explained
[The following guest post is by John Whittaker, from whom we have learned much of what we know about how the European payments system works. See his terrific papers here and here, both of which reward close study. He has been looking over the last couple Money View posts, and the comments to those posts, and has this to say.]
Is there an ECB?
At Home in Economics
We Are Greg Mankiw… or Not?
A Response to John Kay: Elements of an Evolutionary Paradigm
INET published a paper, written by John Kay, that deals with the relationship between economics and the world we live in. The Map Is Not the Territory: An Essay on the State of Economics spells out methodological critiques of economic theory in general, and of DSGE models and rational expectations in particular.
Liquidity, Public and Private
A week ago, Mark Carney, chairman of the Financial Stability Board, warned of emerging global consequences of the escalating eurozone crisis.
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.