5810 Results for “ https://www.galaxus.ch/en/sector/showdiscussion/snap-hack-online-visit-kunghaccom-d2d1mo9k-226342”

The current account still matters, but other things do too, and maybe more. In light of recent focus on gross flows, here and elsewhere, I want to argue for the language of the balance of payments.

Further Thoughts

Artificial intelligence (AI) is poised to replace routine jobs, says Dr. Kai-Fu Lee. But done right, that process could allow us to “pursue dreams, spend time with our loved ones and find out why we exist as humans”

Joe Earle, co-founder of The Post-Crash Economics Society, member of Rethinking Economics and co-author of the Econocracy, explains why his group is trying to democratize economics as a conversation and a policy–making process.

This research project analyzes the ways in which an important financial institution, the stock market, affects the economic performance of the industrial corporations that are listed on it.

This research project investigates the impact of the new style of central banking on the bank’s solvency, its ability to control inflation, and on economic stability.

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness.

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

what is economically correct must always be balanced with what is morally right.

Contrary to conventional wisdom, government stimulus can improve the health of the economy for years after, without inflationary side effects 

First ECB, then EFSF

Where will today’s innovation come from?

Have economists fallen in love with an idealized vision of an economy in which rational individuals interact in perfect markets? To what extent is standard microeconomics responsible for this state of affairs?

Should policymakers rely on domestic macroprudential regulation in their quest for greater financial stability?

This research project constructs a broad set of software tools designed to better facilitate the understanding and comparative features of various types of agent-based finical markets.

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?

Cosma Shalizi urges economists to stop doing what they are doing: Fitting large complex models to a small set of highly correlated time series data.

Who is going to teach fields like economic methodology and the history of economic thought if these fields aren’t taught to current graduate students?

The paper presents a newly compiled and improved database of national household surveys between 1988 and 2008. In 2008, the global Gini index is around 70.5 percent having declined by approximately 2 Gini points over this twenty year period. When it is adjusted for the likely under-reporting of top incomes in surveys by using the gap between national accounts consumption and survey means in combination with a Pareto-type imputation of the upper tail, the estimate is a much higher global Gini of almost 76 percent.

This research project employs ideas from statistical physics to deal with income and wealth inequality, financial instability, and the distribution of energy consumption around the world.

This research project examines the political and ideological implications of different ways of framing the relationship between humanity, nature, and the world of goods.

While yesterday presented a number of frontrunning scientists discussing current economics and state of the economy in general, academic terms, today starts with ECB executive board member Asmussen.

Bill discusses symbolism of the cross and lynching tree with theologian James Cone.

Behind sex, drugs and rock ‘n’ roll were moral values, says music industry veteran Danny Goldberg

A conflict which revolves around key economic policy differences on questions such as rules vs. discretion, solidarity vs. liability, liquidity vs. solvency and austerity vs. stimulus.

This paper provides critical comments on the Peter Temin - David Vines promotion of the basic Swan Diagram as (1) a policy tool to encourage any individual debtor nation experiencing balance of payment deficits to reduce its exchange rate in order to expand exports and reduce imports and (2) the Swan Diagram as a simple model for understanding Keynes’s General Theory for an Open Economy.

Carmen Reinhart and Kenneth Rogoff tell the history of financial crisis as a tale of excessive public debt. But what more commonly drives financial instability, says Moritz Schularick, is excessive private debt.

Lunch was just interrupted Bill Janeway standing up to announce that this morning he decided to give $25m to INET and the board will fund-raise this up to $100m over ten years, but then George Soros added $50m in unconditional funding for INET.

A collection of INET’s research and articles on race and the US economy, reposted in connection with recent protests against police brutality in Black communities.

Grand Bargain at last?

New York Times & others

This new series will explore different takes on and claims about the challenges of women and minorities in economics, opening up a debate on a range of questions.

Mercantilism, Accumulation of Foreign Exchange Reserves, and RMB Internationalization

Many believe that we already have a healthcare problem. But let’s get this straight: healthcare is a solution. Joon Yun posits a new way of thinking about health, illness and aging.

This research project contends that Piero Sraffa tried to develop an economic theory that could stand up as an alternative to the orthodox theory of value and provide a foundation for the Keynesian and post-Keynesian alternatives.

what would measures of systematic risk have indicated to Treasury Secretary Paulsen if they had been available at that time?

After the recent election brought a center-right coalition to power, what’s next in the Greek crisis? Are we finally in the clear? Not so fast, Greek economist Yanis Varoufakis says. Varoufakis explains the real outcome we can except after Greek voters’ “contradictory verdict,” where 55% voted for anti-bailout parties yet a pro-bailout government resulted due to the nature of Greece’s electoral system.

The first thing to say about QE2 is that it is a very different operation from QE1.

What’s really going on with Europe’s bailout of the Irish Economy

This research project explores the origins of covered mortgage bonds and tests for the impact of financial development on economic growth by analyzing the Prussian Landschaften.

This research project studies contagion among financial institutions and the role of financial market regulation in weakening or strengthening the transmission of financial turmoil across institutions.

John Smithin argues that we need to rethink the “consensus” with tools old and new.

A collection of INET research and articles on how and why the middle class has been shrinking and how this leads to a “dual economy”

Registration is now open for YSI Commons, at INET’s Plenary Conference, Berlin April 12-15.

Mortality and economic data show how constraints to government spending and a skepticism of redistributive policies have made the pandemic far worse

We study analytically and numerically Minsky instability as a combination of top-down, bottom-up and peer-to-peer positive feedback loops.

a lack of US growth may lead to a fall in the dollar’s popularity, and the result could be a global liquidity shortage.

The Institute of New Economic Thinking Young Scholars Initiative (INET YSI) Working Group on the History of Economic Thought is organizing a YSI Workshop on Methods in the History of Economic Thought on 17 May in Antwerp, Belgium, ahead of the Annual ESHET Conference.

Fake news, propaganda, and “expertise”: What has happened to information in the information age?

When you flip a coin, you expect heads and tails to show up with a 50% chance each. But what if all you knew was that heads and tails each have a chance of at least 25%? That’s how Scott Condie captures Knightian uncertainty in asset markets.

This research project collects data that measures maternal knowledge about the impacts of investments on child development and estimates the role such knowledge plays in the determination of economic and social inequality.

We heartily congratulate her on receiving the Nobel Prize in Economics.

“Meso” level analysis of 16 producing sectors sheds light on broad forces shaping growth of employment and profits. 

Adam Smith and his contemporaries were key figures of the Scottish enlightenment. How much of his real thought survives in modern economics, and has something important been lost?

Former Treasury Secretary Paul Volcker reviews a life’s work and the pressing challenges of the moment in conversation with Institute for New Economic Thinking President Rob Johnson

Prof. Marlene Kim says her research has revealed that African-American women face triple penalties from race and gender bias, and the combination of those two

Regulation and supervision of banks and financial markets are now upgraded in the euro area. Surveillance of macroeconomic performance of all EU countries is also intensified.

Conservative legal theory is based on a shoddy definition of what constitutes “efficiency”

The INET conference in Hong Kong is serious business.

The title of the conference, “Paradigm Lost,” is an obvious combination of two references.

Yesterday, Harvard students of Ec 10 staged a walkout to draw attention to the bias they detect in the course.

We develop a neo-Kaleckian growth model that emphasizes the importance of consumption behavior.

These days, one hears worries of impending inflation.

James Galbraith says academic economics is in need of radical reform

Mainstream economists have ignored private debt to our peril

Robert Solow, “Notes on Coping.” In Szenberg ed. Eminent Economists: their Life Philosophy, 1992, p270

A discussion with Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University and former Senior Vice President and Chief Economist of the World Bank. 

This paper asks, how empirical evidence does or does not influence economic thinking and theory. In particular, which role do calibration, statistical inference, and structural change play?

I have read the various conference papers and am struck by the fact that many use the (omnipresent New-Keynesian) model of an aggregate loanable funds market to diagnose secular stagnation and investigate possible remedies.

Income and wealth inequality have been rising in the past three decades. Surprisingly, inequality has been largely ignored in the literature and practice of monetary policy. However, due to the crisis, this question has been gaining more attention.

Is Market Capitalism simply an accident of certain factors that came together in the 19th and 20th centuries? Does the innovation of economics require a new economics of innovation? Is the study of economics deeply affected by the incentive structures faced by economists themselves, necessitating a study of the “economics of economics”?

I don’t seem to be able to fully grasp Mark Blaug’s distinction between a relativist and an absolutist approach to the history of economics – first introduced in Economic Theory in Retrospect (1962) – and that is a source of much frustration.

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

Open-ended polling responses reveal considerably more complexity – and more ambivalence and negativity – in Americans’ views of international trade than has been inferred from widely cited closed questions

These videos cover not only Dr. de Cecco’s seminal research on the international gold standard, but his views on the international monetary system between the wars, the formation of the Bretton Woods system, and its breakdown – all topics on which Dr. de Cecco has written copiously.

Faced with increasing media polarization on different areas of technological, military and trade conflicts, can China and US manage the relationship and/or media relationship so that they avoid falling into the Thucydides’s Trap?

Trust is an essential part of a functioning economy, yet it is often one of the least understood variables in economics. While trust is difficult to understand and measure in the context of economics, this type of innovative work enables new and important conversations about trust and how it affects the economy.

The global economy is in turmoil. Societies are unstable and not anchored by faith in the system or social order.

People adopt diverse measures to protect from contagion. I propose a taxonomy of protection technologies, and present a model to study the implications of the technology on the prevalence of infections and on welfare at different levels of exposure.

Anyone who has spent time in a developing country knows the importance of social connections. Among their many roles, these connections help individuals land jobs, and provide them with credit and other forms of support.

Geoff Mann, professor of geography at Simon Fraser University and co-author of the book, Climate Leviathan, discusses the authoritarian dangers ahead, as the world tried to cope with climate change, and how all institutions, including central banking, need to evolve so they address the problem adequately.

This paper presents an historical analysis of the antitrust laws.