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The Electoral Consequences of Rising Trade Exposure

“Dual Economy” models were developed to explain growth in the developing world. Now they appear necessary to comprehend the high income trap that afflicts the world’s most developed economies.

“As chair of Britain’s Financial Services Authority, Adair Turner saw the collapse of the financial system firsthand. In the aftermath of the crisis, he became one of the main advocates of helicopter money – but today he doubts if universal basic income is the best way to address growing inequality. Adair Turner spoke with EURACTIV’s Jorge Valero during INET’s conference held in Edinburgh (Scotland”

This paper aims to assess such tendency to return to a supply-determined potential output, independent of aggregate demand, after episodes of demand expansion.

Preliminary draft prepared for INET conference session “A Decade of Stagnation. Why?”

Bloomberg highlights INET’s new Commission for Global Economic Transformation

Commission on Global Economic Transformation member Joseph Stiglitz argues that an independent Scotland in the EU would “resolve a lot of the uncertainties” of Brexit at INET’s Reawakening conference in Edinburgh

Stiglitz speaks to Bloomberg about INET’s Commission on Global Economic Transformation

Economists’ infamous failure at predicting the recent financial crisis has brought new impetus to studies on diversity in the economics profession. Such studies have underlined how diversity plays a prominent role in enriching economic analyses.

“First Minister Nicola Sturgeon opened a conference attended by some of the world’s leading economists in Edinburgh earlier today explaining some of the economic challenges Scotland faces”

It is commonly overlooked that the concept of market efficiency embowers a time-dimension. Illustrating with an example from the class of persistent random walks, we show that a price process can be a martingale on one time-scale but inefficient on another.

This paper provides a critique of the DSGE models that have come to dominate macroeconomics during the past quarter-century.

This paper presents a model of mass incarceration in the United States, which has the largest proportion of its population imprisoned among advanced countries.

Long term labor shortages do not happen naturally in market economies. That is not to say that they don’t exist. They are created when employers or government agencies tamper with the natural functioning of the wage mechanism.