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

From Potential Output to Full Employment: A Paradigm Shift for Italian Fiscal Policy
Europe’s new fiscal rules still bind policy to fragile estimates of potential output. For Italy, targeting lower unemployment could sustain stronger growth, improve deficit outcomes, and expose the self-defeating logic of austerity when debt is measured against a stagnating economy.

Transforming Corporate Governance to Improve Access to Medicines in the Global South
Affordable medicines remain out of reach for millions because pharmaceutical innovation is organized around value extraction, not public health. How do shareholder-driven governance and fragmented global health financing reinforce inequity, and what structural reforms are needed to reverse it?

Easing Capital, Reviving Risk: The Quiet Return of Too Big to Fail
Less capital, more risk, familiar consequences. The latest move on big-bank rules suggests that too big to fail was never solved, only deferred.
Education of a Grandmaster

Move Fast and Break Everything: Crypto and the Democrats
After FTX’s collapse, crypto looked finished. Yet Washington revived it, culminating in Trump’s GENIUS Act and a surprising Democratic shift. How did money and affluence predict pro-crypto votes, amid widening deregulation and cyber risk?

Venezuela: The Hidden Workforce Behind Oil, AI, and a Fragile Nation
Venezuela is caught between economic collapse, foreign intervention, and the invisible machinery of the global economy.

Private Data, Public Danger? How the Shutdown Poses Risks to the Entire Economy
As the government shutdown drags on, official economic data has slowed to a crawl, leaving policymakers, markets, and citizens increasingly reliant on private-sector numbers. That’s a problem.

Mamdani’s Win and the Price of Urban Life: Why City Voters Are Seeking Change
The soaring costs of city life appear to be sending urban voters toward progressive leaders who promise relief, both in the U.S. and globally.

The AI Bubble and the U.S. Economy: How Long Do “Hallucinations” Last?
This paper argues that (i) we have reached “peak GenAI” in terms of current Large Language Models (LLMs); scaling (building more data centers and using more chips) will not take us further to the goal of “Artificial General Intelligence” (AGI); returns are diminishing rapidly; (ii) the AI-LLM industry and the larger U.S. economy are experiencing a speculative bubble, which is about to burst.

Why the World Bank’s Governance Reform Is Stuck – and How to Break the Stalemate
We examine the World Bank’s protracted and conflicted attempts at shareholding reform from 2008 to the present, situating them within the broader context of multipolarity and intensifying geopolitical rivalries.

Can States Reinvent U.S. Healthcare? This Expert Thinks So.
Phillip Alvelda, a former DARPA program manager, reveals how a fracturing federal system has opened the door for bold state leadership. Will blue states rise to build a healthier, more just future?