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We investigate the claim that the way in which debtor households service their debts matters for macroeconomic performance.

Examining the crucial role of poverty and inequality in shaping household indebtedness.

Why is the IMF getting involved in the Eurocrisis, and why is its involvement taking the form of lending to individual member states of the Eurozone?

“To save the economy, you have to save people first, is the title of a paper by Alvelda, Ferguson and Mallery of the Institute for New Economic Thinking. This work groups countries into three categories, according to the response to the covid: those that gave priority to maintaining economic life; those who focused on taking care of health first and those who wanted to be placed in the middle, but did not do either one well. The best economic results correspond to those who prioritized health. They are countries that are in Asia and Oceania, mainly. The worst are in the other two groups. Those who did not define one or the other, got the worst of both worlds: many deaths and great economic damage. What can be done? Alvelda, Ferguson, and Mallery recommend targeted subsidies by regions and sectors hardest hit; guarantee income for workers in non-essential activities and subsidize health safety measures for all those who cannot stop. This means, among other things, public money to make public transport and some massive workplaces more sanitary. Subsidize supervision / surveillance measures in spaces where many people go: shopping centers and places of religious worship, for example.” — Luis Miguel Gonzalez, El Economista (translated from Spanish)

This research project provides guidance to policymakers for designing policies that are able to bring economies out of recessions by identifying the best policies to fight unemployment and stabilize the business cycle while alleviating inequality.

This resarch project examines the economic theory, policy, and international political economy of cross border finance in the run up to and in the wake of the global financial crisis of 2008.

Smart Energy

Who gains—and who loses—from global capitalism?

Economist Gordon Lafer describes a race against the education technology industry to do what’s right for America’s kids

An obituary for Axel Leijunhufvud (Sept 6, 1933 - May 5, 2022)

By suddenly eliminating two widely used bank notes, India’s government risks undermining public confidence in the basic means of exchange

The corporate titans of yore once offered a sizable wage premium over smaller employers—but not anymore. What happened?

What is the scale of effort that is actually required to initiate global cyber warfare? Amir Herzberg elaborates on cyber security, cyber warfare and basic privacy in the global digital age.

Your average economics textbook presents the neat image of a discipline with many useful conceptual paradigms for viewing the world. But it almost never gives any sense of how these ideas developed.

“While it’s incredibly difficult to get a regulatory reform passed, it’s far easier – and more profitable to politicians – to kill it.