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Innovation, the commercialization of invention, is both desirable and necessary for growth and higher living standards in modern economies. Innovation’s contribution to the economy is being measured increasingly more precisely, and its contribution has been assessed aseconomically important and growing.

A Novel Account of Inflation Forecasts

It is not just all about banking system liquidity

Legal scholar Dina Srinivasan talks to INET’s Lynn Parramore about restoring fairness to a regulatory Wild West.

New research shows how citation metrics create perverse incentives for corruption in economics

A four percent growth goal for first term of the next president is not only possible, but is what we should strive to achieve.

The tail risks that may be generated by Mario Draghi’s monetary policy innovations in the Eurozone include even more intense versions of Andrew Haldane’s “Doom Loops”

A survey on behalf of the Sueddeutsche Zeitung indicates that German economists are much more American in their thinking than is presumed – with a rising trend.

In this series Polanyi reflects on an extraordinary life, and the extraordinary legacy of her family.

Any use of money-financed fiscal expansion as a policy tool will require rules to ensure discipline and avoid excess

The text below is the comment I offered on Mr. Soros’ opening speech at INET’s Berlin Conference April 12, 2012. The text of Mr. Soros’ own speech is here. Video of the entire session is below—my bit starts at 55:00.

No, it’s not bureaucracy that is to blame - It’s the EU that has a problem, because urged by Germany it has pushed a kind of naive globalization, the outgrowths of which contribute to the upswing of dim-witted populists. Not only in the EU. Time for a new paradigm.

Is China is “too big to fail.”?

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

A change in macroeconomic policies will not be sufficient to set Argentina on a path of inclusive and sustained economic development. But, as last month’s currency scare showed, abandoning the approach adopted by President Mauricio Macri’s administration at the end of 2015 is a necessary step.