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Conference Session
Geo-economic Trends and the State of Economies in the Middle East: An Israeli Perspective
Mar 27, 2017 | 04:00—05:30
A discussion with Shahar Shelef, Director of The Economic and Strategic Affairs Department, Center for Policy Research at the Israeli Ministry of Foreign Affairs.
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Working Paper
Conference paperDebt Overhang and Capital Regulation
Apr 2012
We analyze shareholders’ incentives to change the leverage of a firm that has already borrowed substantially. As a result of debt overhang, shareholders have incentives to resist reductions in leverage that make the remaining debt safer.
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Article
A Response to John Kay's Essay on the State of Economics
Oct 5, 2011
The financial crisis of 2007-2009 should have been sufficient empirical evidence to indicate that the axiomatic basis of the mainstream theory needs to be replaced.
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Article
“Savings Glut” Fables and International Trade Theory: An Autopsy
Aug 11, 2020
A “global saving glut” was invented by Ben Bernanke in 2005 as a label for positive net lending (imports exceeding exports) to the American economy by the rest of the world. However, there is a more plausible explanation for the persistent trade imbalance between the US and its major trading partners.
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Article
The link between health spending and life expectancy: The US is an outlier
Aug 18, 2016
The US stands out as an outlier: the US spends far more on health than any other country, yet the life expectancy of the American population is not longer but actually shorter than in other countries that spend far less.
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Article
The Wealth Effects of Bailouts: A Quantitative Assessment
May 9, 2020
Once again, income earned by the many is used to save the wealth of the few.
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Article
Could fiscal policy changes revive US economic growth? Some contributions towards answering that question
May 19, 2016
Renewed interest by policymakers in the challenges of long-term slow economic growth highlights the importance of the Institute’s research
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Article
@Academia and Public, Berlin: Students as model publics
Sep 17, 2011
The transatlantic conference has been moving targets: sociology went first, then economics, then history, today it was political science and international relations.
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YSI Event
Summer School on Computational Methods and Agent Based Modelling in Economics
YSI
WorkshopDec 3–7, 2018
The YSI Complexity Economics Working Group is delighted to invite all Young Scholars interested in Agent Based Modeling to apply for the Summer School on Computational Methods and Agent Based Modeling (Curitiba Summer School)
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Article
Debt, Austerity, and the New EU Rules: Why Italy’s “Reform” Path Still Leads Nowhere
Nov 26, 2025
Europe’s revamped fiscal rules promise discipline and stability, but Italy’s numbers tell a different story. Once realistic multipliers and hysteresis are built in, consolidation pushes debt up, growth down, and recessionary pressure outwards across the eurozone, hardly a recipe for sustainability.
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Article
INET and reforming economic education: can history help?
Apr 13, 2011
One INET project is to “reconnect the teaching of economics with the working of the actual economy,” which is to begin with a reform of the undergraduate curriculum.
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Article
How COVID-19 Is Impacting Rural Africans in the Sahel
May 11, 2021
An interview with young migrants living in Mali’s capital city of Bamako
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Article
Inflation, Import Prices, and the Labor Share
Jan 25, 2021
The Challenge to Bidenomics
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Article
Trust and Finance
Oct 24, 2013
Finance is built on trust. It is based on promises about tomorrow, often paper promises backed by nothing other than words on a page. When trust in those promises breaks down, so too does the financial system. That is the lesson of thousands of years of history.
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Article
Destabilizing A Stable Crisis
Jul 28, 2014
Readers of Minsky are familiar with the idea that governments should act as financial stabilizing agents for their economies by running surpluses in times of boom and deficits in times of crises.