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The current international monetary system is costly, unfair, and risky. “Economic nationalism” and deregulation in the U.S. will make it worse. A multilateral alternative is needed.

The project provides new ideas and policy proposals to contain the spread of systemic risk in the financial system through appropriate regulation of financial markets and intermediaries, as well as the design of monetary policy.

Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes

A money view of SDRs

(Way) Beyond Diamond-Dybvig

Like the Great Depression and the stagflation of the ’70s, the anemic growth of the U.S. economy can’t be understood or remedied without changes in economists’ thinking

The United States economy has come apart, with the rich getting richer and workers’ incomes not advancing at all.

The idea is finally catching on, but many still miss how deeply it’s driving inflation, masking wage losses, and complicating recovery.

The current bout of exchange rate anxiety is really just a symptom of the fact that China’s transition from an export-led growth strategy to one propelled by domestic consumption is proceeding far less smoothly than hoped.

This paper examines the effects of intra-financial lending – claims between financial institutions – on aggregate investment and credit to the non-financial sector in the United States.

INET is all about thinking new things, and indeed academia is supposed to inspire great thoughts.

Fears of ‘stagflation’ have come back to haunt macroeconomic policy makers all over the globe

The ECB has always been the protagonist of the eurozone crisis story.

It is not just all about banking system liquidity