Working Papers

In the 19th Century, “hypothecations” provided investors with valuable information on sovereign fiscal resources

To strengthen the American semiconductor industry, Congress should condition additional funds on suspending stock buybacks

Evidence from Survey Data of Inflation Forecasts

“School choice” aimed to block the choice of equal, integrated education for Black families

In Europe, imbalances in the structure of the automotive and a lack of industrial policies risk creating a deadly cocktail for millions of European workers just as the auto sector is undergoing decisive changes.

Is Victorian writer Walter Bagehot, whose adage “lending freely against good collateral at a penalty rate” has been gospel for central bankers, still relevant in a post-Great Financial Crisis world?

How once-promising Black upward mobility reversed course, and what can be done about it

Despite fear-mongering about the latest Consumer Price Index, unemployment remains elevated and stimulus is needed to prevent a collapse in demand

Analyzing corporate conference calls reveals the way that countries perceive and spread risk through the global financial system

Contrary to the New Keynesian paradigm, long-term unemployment can be reversed without a significant uptick in inflation

The People’s Bank of China’s network of local currency swap arrangements provide Asian countries with a much-needed safety net, while also strengthening China’s diplomatic position

Formerly incarcerated Black people emerge from prison with far less education and social skills than white ex-cons. And they have great trouble forming families or earning a good living.

Mortality and economic data show how constraints to government spending and a skepticism of redistributive policies have made the pandemic far worse

INET’s Commission on Global Economic Transformation - Interim Report on the Global Response to the Pandemic

The New Keynesian Dynamic Stochastic General Equilibrium (DSGE) is a straightjacket for macroeconomics