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If the government/CB together finance an increased fiscal deficit with permanent non-interest-bearing fiat money, then some private sector agents have to hold non-interest-bearing monetary base, and must continue to do so even when policy and market interest rates have moved away from the ZLB. How is this possible in an environment where most bank deposit money is potentially interest-bearing?

We investigate the effects of government spending on U.S. economic activity using a threshold version of a structural vector autoregressive model.

Professor Casarico explains why her focus on gender and the “glass ceiling” can help us push forward economic thinking.

A country that produces goods of high quality at a competitive price is likely to be rewarded for its ingenuity with a trade surplus. Small countries often achieve great development success through export-led growth. At the same time, the entire economic system must be balanced.

Italy was one of the worst hit during the 2007–2009 global financial crisis (GFC) among the major advanced economies. By year-end 2009, Italy’s economy had contracted by 6.6 percent; significantly larger than the recessions in the euro zone and the United States, for example, which saw their GDPs shrink by 4.4 and 3.1 percent, respectively.

How inflationary inertia, driven by distributional conflict, disrupts the economy’s path to an effective demand equilibrium.

Distinguished Public Lecture on “Making India a Prosperous and Happy Nation @100”, by Dr. Ajay Chhibber, Distinguished Visiting Scholar, Institute for International Economic Policy, Elliott School of International Affairs, George Washington University on Tuesday, 22 March 2022.

Paul Samuelson was notorious for many things, but also, like Marshall, for spending most of his academic life in the same institution.

Ambitious climate policy needs a broad-based organizing effort to combat the fossil fuel industry. As the climate movement moves towards embracing racial and economic justice as part of climate advocacy, what strategies and policies are needed to build a multi-racial, multi-class coalition? How can movements build the power needed to ensure the low-carbon transition is just?

The implications of rising inequality are massive. Economists need to tackle it together.

When workers are classified as independent contractors instead of employees, they fall into a hole not covered by many labor protections

Nobel laureate James Heckman, Sidharth Moktan and their INET-funded research on economics journals is featured in The Economist.

Servaas Storm’s commentary on the papers presented at the secular stagnation conference.

Professor Ghilarducci describes the roadblocks to securing retirement and retirement plans beyond the 401k.

Five years into the Great Recession, discussion and political fights continue about the right approach to international banking supervision. How to avert the next financial crisis or at the very least lessen its damage?