252 Results for “stiglitz”

Brazil’s current economic scenario does not resemble the emerging economy that until recently fueled the optimism of analysts and investors.

The Bretton Woods conference has a protean character.Talk in the corridors asks “what is it?” Some in the press (lots of press here) believe that deals are being made, the attendance of heavy hitters leads some to believe that consultations and strategies are being outlined for world government (Summers, Stiglitz, Brown, and yesterday Volcker arrived to close the event).

Economists had to distort economic theory to fashion their merger “efficiency” arguments

Notes from the Institute’s Director of Research on some significant papers and contributions produced in 2016 under the INET rubric 

Seven dangers of chronically low interest rates amid austerity and fiscal-policy phobia

Servaas Storm’s commentary for an INET symposium on the Inflation Reduction Act

Banks have long had undue influence in society. But with the rapid expansion of a financial sector that transforms all debts and assets into tradable commodities, we are faced with something far worse: financial markets with an only abstract, inflated, and destabilizing relationship with the real economy. To prevent another crisis, finance must be domesticated and turned into a useful servant of society. 

It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.

Lord Adair Turner visited the Oxford Martin Lecture Theatre on Tuesday 24 November for a well-attended INET Oxford event launching his latest book ‘Between Debt and the Devil: Money, Credit, and Fixing Global Finance’ (Princeton University Press).

To illustrate the previous post on the difficulties in putting together a chronology, here is tentative chronology of economics at Carnegie. It’s still in process, and links, sources and entries will be updated as I read.

We are pleased to announce the program of INET’s annual plenary conference in Berlin.

And electric vehicles don’t do a lot better

Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth

From MIT to IMF