Articles

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

Article

When Is the Time for Austerity?

Jul 26, 2013

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.

Article

Did Capitalism Fail? The Financial Crisis Five Years On

Jul 24, 2013

Did the global economic collapse in 2008 stem from structural failures in the capitalist system?