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

Climate Change and Macroeconomic Models: Why General Equilibrium Models Do Not Work
The limitations of the benchmark E-DSGE framework and how these limitations restrict the ability of this framework to meaningfully capture the macroeconomics of the climate crisis.
Musk and Tesla: Corporate Compensation, Financialization, and the Problem of Strategic Control
The “Fortune 500” of 1812

Forget the Posturing – The Inflation Reduction Act May Work Better Than Many Expected
The IRA has the potential to rectify the imbalance between public benefit and private incentives

America Needs Intel Economically and Politically—But Is It Too Late?
Patrick Gelsinger stepped down as INTEL’s CEO on December 1. We published an analysis last August that provides context for why this is significant for the company and the US economy.

The Fed’s “Chicken Run”: Why Sticking with High Rates Will Crash the Economy
In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.

Musk and Tesla: Compensation or Control?
The $48 Billion Stock-Option Package and its Implications for the EV Transition

Overdraft Fees, Credit Card Late Fees, and the Lump of Profit Fallacy
Predetermined profit margins and prices hidden in the back end of a transaction are really just market failures.

Bernanke and Blanchard’s Obsession with the Wage-Price Spiral
Bernanke and Blanchard have made another failed attempt to salvage establishment macroeconomics after the massive onslaught of adverse inflationary circumstances with which it could evidently not contend.
Inflation and Power

What’s the Fate of Social Security in a Brutally Unequal America?
White House contenders ignore root causes threatening the program, potentially worsened by cuts. Is it due to reliance on wealthy donors?

Monetary Policy, Illiquidity, and the Inflation Debates
The key issue is the regulation of the liquidity of all financial markets, and not just that of the banking system

Africa’s Crisis Is Also an Opportunity
“If we get our policy, politics, and institutions right, African economies and society could gain greater energy and food security, built on green competition and taking strong action on climate change.“ —Professor Chuks Okereke, Director of the Centre for Climate Change and Development at Alex Ekwueme Federal University