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If the European Central Bank does not jump to the aid of peripheral countries weakened by the pandemic, the Eurozone could collapse.

FT Alphaville has picked up on my friend James Sweeney’s latest, and since James cites the latest writings by other friends Zoltan Pozsar, Manmohan Singh, as well as my own most recent, the piece reads like a discussant’s comments on a shadow banking symposium.

What makes a good model?

How could the new SDR allocation help developing countries?

Learn to read, understand, and evaluate professional discourse about the current operation of money markets at the level of the Financial Times.

Economist Alicia Girón explains why a feminist perspective is crucial to new economic thinking.

From the Rust Belt to Rural America, Economic and Social Distress Helped Shape the 2016 US Presidential Election Outcome

A federal government guarantee or 100% reserve banking? Which is better?

Nancy MacLean, history professor at Duke University, talks about the ways in which neoliberal economic icon Milton Friedman collaborated with segregationists and with right-wing billionaires in the pursuit of his goal of privatizing public education.

The financial sector can support growth but it can also cause crisis. The present crisis has exposedgaps in economists’ understanding of this dual potential.

Economic distress in rural areas and opioid exposure in cities are key indicators of overdose deaths

Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.

US regulators can step in to ensure drug pricing both supports patient access and drug development

In a memo for the G20, INET calls for changes to the evaluation of economic research to ensure that economic theory—and policy—is more rigorous, innovative, and in service to society. 

Ratner and Sim’s “Who Killed the Phillips Curve – A Murder Mystery”