Archive
-
Article
UK Budget Appeals to Adam Smith's Approach to Taxes... Sort of
Mar 22, 2012
Yesterday the Chancellor of the Exchequer (or UK ‘finance minister’) gave his annual budget speech where UK fiscal policy is set for the coming years.
-
News
Overwhelming Response to YSI in Berlin: INET’s Class of 2012
Mar 14, 2012
We reserved 25 slots, but we got 563 applications. Something had to be done.
-
Article
Eurocrisis Redux
Mar 12, 2012
Entangling alliances or entangling leagues are nothing to the entanglements of cash owing—Keynes
-
News
How to Tackle the Challenge of Sovereign Debt
Mar 7, 2012
The G20 must address the problem of sovereign debt.
-
News
Demise of Chinese Exports Greatly Exaggerated
Mar 7, 2012
Is China’s manufacturing sector in decline?
-
Article
The Dynamics of the Chicago / MIT Dispute (in the Archives)
Mar 4, 2012
In his notorious “How Did Economists Get It So Wrong” NYT article in 2009, Paul Krugman relied on the freshwater/saltwater distinction to explain that the economists’ inability to predict and solve the current economics crisis was due to the fact that MIT/Harvard economics lost their long dispute against their Chicagoan counterparts.
-
Article
The Dynamics of the Chicago / MIT Dispute (in the Archives)
Mar 4, 2012
-
Article
Liquidity: Not Like Water (part 1 of many)
Mar 4, 2012
Discussion of the results of the ECB’s LTRO2 has revolved around the question of hoarding, specifically whether banks are using the newly-created reserves to fund new lending.
-
Article
Crisis Averted: Understanding LTRO2
Feb 29, 2012
Fundamentally, the ECB is trying to keep the ongoing sovereign debt crisis from turning into a full-fledged bank credit crisis.
-
Article
Three Questions to Judy Klein
Feb 27, 2012
Judy Klein is Professor of Economics at Mary Baldwin College in Virginia. She is the author of Statistical Visions in Time: A History of Time Series Analysis 1662-1938, (Cambridge 1997) and co-editor of The Age of Economic Measurement (Duke 2001), and co-author of The Strange Career of Cold War Rationality (in preparation)
-
News
Sovereign Debtors in Distress: Are Our Institutions Up to the Challenge?
Feb 24, 2012
In Europe and the United States, political and economic breakdowns have become untenable.
-
Article
Fed, ECB balance sheet update
Feb 23, 2012
Perry and I extend our apologies for the unplanned hiatus. By way of breaking radio silence, it seems appropriate to check in on our two favorite banks.
-
Video
Growth and Crisis: The Two Faces of Credit
Feb 20, 2012
At least since Joseph Schumpeter we know that credit is good for economic growth. At least since 2007 we know that too much credit foreshadows financial turmoil.
-
Video
Inequality in Asia: The Local Effects of Global Capitalism
Feb 16, 2012
Inequality did not increase during the early stages of economic development in Japan and the East Asian Tigers. But in India and China it did. Why is that?
-
Article
Professor Ponzi, or thinking about the methodology, the sociology and the economics of economics
Feb 8, 2012
I am writing from my notes. The event I want to report took place some two months ago, I have since been preoccupied, then occupied, and now increasingly overwhelmed.