We support dynamic research that can help solve the great economic and social challenges of the 21st century. INET’s research is interdisciplinary, incorporating concepts from history, political science, and the humanities.
Working Papers
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Working Paper Series
Navigating the Crises in European Energy
Sep 2022
Price Inflation, Marginal Cost Pricing, and Principles for Electricity Market Redesign in an Era of Low-Carbon Transition
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Working Paper Series
China’s Development Path: Government, Business, and Globalization in an Innovating Economy
Aug 2022
China’s successful technological development path stands in contrast to the corporate financialization model in the United States
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Working Paper Series
The Role of Public REITs in Financialization and Industry Restructuring
Jul 2022
Real Estate Investment Trusts (REITs) are considered “passive” investors and are exempt from corporate tax. But in reality, they play a very active role in reshaping whole industries, like healthcare.
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Working Paper Series
Monetary Policy for the Climate? A Money View Perspective on Green Central Banking
Jul 2022
Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral
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Working Paper Series
Pari Passu Lost and Found: The Origins of Sovereign Bankruptcy 1798-1873
Jun 2022
Pari passu clauses were deliberately crafted to gain an upper hand in sovereign bankruptcy disputes brought to the London stock exchange’s jurisdiction
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Working Paper Series
Government Deficits and Interest Rates: A Keynesian View
Apr 2022
Contrary to the neoclassical loanable funds theory, historical bond yields show Keynes was right that “convictions” anchor long-term interest rates
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Working Paper Series
An Economic Defense of Multiple Antitrust Goals: Reversing Income Inequality and Promoting Political Democracy
Mar 2022
The Consumer Welfare Standard of antitrust is outdated and defective
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Working Paper Series
After the Allocation: What Role for the Special Drawing Rights System?
Mar 2022
How could the new SDR allocation help developing countries?
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Working Paper Series
Measuring the Impact of Campaign Finance on Congressional Voting: A Machine Learning Approach
Mar 2022
Using aggregate campaign finance data as well as a Transformer based text embedding model we can predict roll call votes for legislation in the US Congress with more than 90% accuracy.
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Working Paper Series
Pricing for Medicine Innovation: A Regulatory Approach to Support Drug Development and Patient Access
Feb 2022
US regulators can step in to ensure drug pricing both supports patient access and drug development
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Working Paper Series
Why Diagnostic Expectations Cannot Replace REH
Jan 2022
A formal argument that Kahneman and Tversky’s compelling empirical findings, and those of other behavioral economists, do not provide a basis for a general approach to specifying participants’ “predictable errors.”
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Working Paper Series
Industrial Feudalism and Wealth Inequalities
Jan 2022
In a society where asset ownership is incredibly unequal, social mobility become severely diminished
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Working Paper Series
The Changing Shape of the World Automobile Industry: A Multilayer Network Analysis of International Trade in Components and Parts
Jan 2022
The pandemic and electrification are shaking the foundations of the auto industry
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Working Paper Series
Can Panel Data Methodologies Determine the Impact of Climate Change on Economic Growth?
Dec 2021
Some cautionary remarks
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Working Paper Series
Central Banks Caught Between Market Liquidity and Fiscal Disciplining: A Money View Perspective on Collateral Policy
Dec 2021
By helping abate the liquidity crisis, incidences of banks becoming insolvent are reduced, and hence moral hazard in its severest form is minimized.