Articles
Articles and analyses from the INET community on the key economic questions of our time.
Macrowars, economists' narratives, and my dreamed history of macro
The last straw in the enduring blog debate over microfoundations has taken a decisive historical turn.
Macroeconomics in Perspective
Macroeconomics in Perspective
Capital Markets Balkanization Should Not Prevent Regulation
Fears that bank regulation or capital controls could lead to a “balkanisation” of global capital markets are overstated and should not constrain policy action to address the problems created by volatile short term capital flows and excessive credit creation, says Adair Turner, Senior Fellow at the Institute for New Economic Thinking and former chairman of the United Kingdom Financial Services Authority.
When is a Bubble a Bubble?
Bubbles have become a major focus of discussion in today’s financial markets. But very few people actually define what they mean when describing this financial phenomenon.