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“You can’t get out of debt by adding more debt.”

What challenges will China have to surmount in order to make its currency a true international currency?

This memo outlines key concepts and the methodological approach involved in a recently funded Institute for New Economic Thinking project. Our aim is to pinpoint the relationship between the reception of academic ideas, traced by citation networks with qualitative coding, and positions of institutional and political power.

Ben Bernanke, Douglas Diamond, and Philip Dybvig were honored for their work on financial instability

So, how hard is it to write the history of exceptional figures? Shall we buy film cameras?

The YSI Financial Stability Working Group will explore the changing nature of banking regulation. The series will look into the history of the Basel regulations, how they are conceived, and the challenges that are posed in their implementation.

A minimum wage is a small minnow in an ocean of deficient aggregate demand

Growing consolidation in localized hospital markets appears to restrict nurse wage growth

We show how every stock-flow consistent model of the macroeconomy can be represented as a directed acyclic graph.

Recent weeks have surfaced an intense exchange of top-level finger pointing, both between Congress and the leadership of the Federal Reserve System, between Fed officials and executives in the private sector and within the Fed between the Board of Governors and the New York Reserve Bank.

Journal rankings are a rigged game. The blacklist of history of economic thought journals isn’t a fluke nor a conspiracy—it exposes how citation rankings really work

In the 40th anniversary year of John Kenneth Galbraith’s Age of Uncertainty, the 1970s look remarkably stable in comparison with today’s turbulent world 

Can the renminbi displace the dollar as the world’s international money?

Last weekend, I was in Tübingen - very close to my home town: the same smell, the same surreal Swabian idyll that makes you think of Hölderlin and Hesse rather than DSGE.