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Breaking the Silence

By evading regulation of credit default swaps, the major U.S. banks put taxpayers—and the entire economy—at risk

Throughout its first 10 years operation, the John Bates Clark medal was constantly challenged. Many young economists found it biased toward theory, and demanded the establishment of a distinct award for applied work.

The United States government openly flirting with a default on its debt is, to the financial system, like a Pope wondering out loud about the existence of God.

The International Monetary Fund’s chief economist, Olivier Blanchard, recently asked a simple and important question: “How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?” But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?

The upheaval in Maine’s Senate race has focused attention on candidates and party leaders. Less noticed is what the campaign finance data reveal about the state’s Democratic Party and its structural dependence on national organizations and large out-of-state donors.

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.

We conclude that representing dynamic realism in such models is as important as – and far more empirically tractable than – continued debate about the monetization of climate damages and ‘social cost of carbon’.

How NAFTA led to GOP dominance of the American South

An Open Letter to Tim Cook, CEO of Apple

A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association’s (EEA) 2017 annual meeting

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

Contrary to the dominant media narrative, social issues like racism and sexism on their own can’t explain Trump’s success.

This article originally appeared in The Sunday Times of London