454 Results for “inflation”

Isabella Weber, assistant professor of economics at UMass Amherst, discusses her new book on how China managed its transition from central planning to markets

To fulfill MLK’s vision of jobs and freedom for Black Americans, Washington must rein in corporate greed

Lance Taylor responds to Andrew Smithers’s comment on his INET working paper, “Germany and China Have Savings Gluts, the USA Is a Sump: So What?”

Like any family reunion, the Jackson Hole Economic Symposium may have been as significant for what was said as it was for what was not discussed

A budget approach cloaked in the aura of science and technical jargon became a tool of manipulation.

To illustrate the previous post on the difficulties in putting together a chronology, here is tentative chronology of economics at Carnegie. It’s still in process, and links, sources and entries will be updated as I read.

Read how did the second day of the Berlin conference go

The International Monetary Fund’s chief economist, Olivier Blanchard, recently asked a simple and important question: “How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?” But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?

Two Nobel laureates, an election, and a shaky economy. The message? We can do a whole lot better.

We are pleased to announce the program of INET’s annual plenary conference in Berlin.

Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth

The McKinsey report’s highlighting of an extremely high job vacancy ratio in recent years does not reflect the true state of the U.S. labor market.

New research reveals that rising insurance costs, reckless building, regulatory inaction, and big banks’ fossil fuel investments are driving a dangerous cycle that jeopardizes homeowners — and financial stability for everyone.

INET Global Commissioner Peter Bofinger breaks down cryptocurrencies, and why they’re actually far from “anonymous”

From MIT to IMF

Top money-and-politics expert Thomas Ferguson breaks down the real drivers of Trump’s aggressive tariff agenda, from big crypto plans to a new world order emerging.

UMass Amherst professor and PERI Co-Director Robert Pollin discusses his latest book that he co-authored with Noam Chomsky, about the Global Green New Deal and the opportunities and challenges that lie ahead in addressing the climate crisis

A look at the American household debt boom

State-issued digital money may avoid some pitfalls of cryptocurrency, but it’s no financial panacea

Adam Tooze, director of Columbia University’s European Institute, discusses his new book with Rob Johnson.

“We risk a global decoupling in which East and West face off in a cold war, and Africans are caught in the middle,” says Professor Carlos Lopes in an interview with Folashadé Soulé and Camilla Toulmin

The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber.

Mission-oriented public investment is vital to spur a revival of private-sector investment

When Paul Krugman paints John Maynard Keynes as a pioneering critic of dominant free-market economics, he exaggerates wildly, both about the rigidity of orthodoxy and about the pioneering character of Keynes’ critique.

Connecticut is the first state to fund and enact a baby bonds program, inspiring more states to create their own plans. Can it make a difference?

Lincoln Mitchell, Political Science Professor at Columbia University, discusses the increasingly powerful fascist movement in the US., outlining the elements of fascism present in the MAGA movement, including its dependence on a strongman leader, the scapegoating of minorities, threats of violence and curtailing of freedoms of speech and assembly.

University of Texas economist James K. Galbraith engages in a wide-ranging discussion of the many ways in which conventional economics has failed us, ranging from how to manage the post-pandemic economy, the role of finance, to the problems of inequality and climate change.

Demand, Secular Stagnation and the Vanishing Middle-Class

A response to Arjun Jayadev’s argument about the impact of automation on our work and life

A Response to Heiner Flassbeck’s questions about the Institute’s Council on the Euro Crisis

Persistent changes in unemployment have lasting consequences for income distribution

In the face of  laissez-faire capitalism at home and resurgent nationalism across the globe, INET offers an innovative look at the causes of—and solutions for—the problems that ail a fissuring world economy.

The Romer/Romer letter to Professor Gerald Friedman marks a turning point. It concedes that there are indeed important issues at stake when evaluating the proposed economic policies of Presidential Candidate Bernie Sanders. These issues go beyond the political debate and should be discussed seriously between and among professional economists.

In this conversation with Folashadé Soulé and Camilla Toulmin, Pr Njuguna Ndung’u, a Kenyan economist, Director of the African Economic Research Consortium (AERC), a pan-African organization devoted to the advancement of economic policy research and training in sub-Saharan Africa, and former Governor of the Central Bank of Kenya (2007-2015) analyses how the pandemic creates more fragility in African economies, but also how reforms could be implemented during this crisis; and the urgent need for investment in strong health institutional capacities

The election of Italy’s right-wing, populist government exposes the economic and democratic shortcomings of the European project and its nationalist rivals

Journalist Peter Goodman delves into the persistent problems with supply chains and how to fix them his new book, “How the World Ran Out of Everything,” in conversation with the Institute for New Economic Thinking

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

Economists should stop pretending to be scientists and go back to the core of the discipline—as a field of inquiry and way of thinking

The famed short-seller offers a mid-2017 reality check for “fake fiscal news,” and economic pipe dreams, and sees “portents of even worse things”

A four percent growth goal for first term of the next president is not only possible, but is what we should strive to achieve.

The best-known China bear says the emperor is not yet naked, but getting there.

Many of the challenges facing the new EU Presidency will need to be addressed not only at the European level but within a reinvigorated multilateral framework.

How free electricity could fight climate change and inequality

The corrosive social and economic effects of what have now become ‘normal’ unemployment levels require new solutions, and tradewithout full employment exacerbates the problem

Bullet-point financial reform proposals are either too simple or too vague.

The sharp and sudden plunge scared everyone. Can the Chinese government get control of the market?

How economists turned to the study of collective decision-making after World War II, faced many impossibilities, and lost interest after solving them

What we’re reading: As the shock of the UK referendum vote to leave the European Union continues to roil, a number of analysts see it as revealing dynamics of which all Western policymakers ought to be aware

In response to the walkout staged by students in the intro economics class at Harvard, the Institute launched the syllabus project, 30 Ways to Teach Economics.

How can we quantify the wage share implied by varying degrees and types of participation to Global Value Chains?

In the following conversation, law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking

What happened to the dream? Rob talks with David Smick about his new film and the inspiration for the project.

Economics Nobel Laureate Michael Spence discusses the profound changes that are rippling through the global economy as we emerge from the COVID recession, where economic growth will have to rely more on productivity gains instead of the incorporation of excess labor capacity and what this would mean for countries around the world.

Financial Times columnist and author Rana Foroohar talks about her new book Homecoming: The Path to Prosperity in a Post-Global World

What we’re reading: A weekly scan of published items relevant to the Institute’s work

Many voters, feeling disillusioned, are searching in vain for narratives that resonate with their experiences.

MIT economic historian Peter Temin discusses his new INET-CUP book, Never Together: The Economic History of a Segregated America, in which he shows how efforts to bridge the gap between races were always undermined, resulting in constant economic hardship for Black people.

President Biden’s first SOTU Address was a missed opportunity to say what he knows to be true: Stock buybacks manipulate the market and leave most Americans worse off

How big tech barons crush innovation—and how to fight back

An excerpt from the just released book, The Outlier, by Kai Bird

Training first-world children for a third-world life

Seven dangers of chronically low interest rates amid austerity and fiscal-policy phobia

“How could Michigan officials possibly talk about cutting the average $19,000-a-year pension benefit for municipal workers while reaffirming their pledge of$283 million in taxpayer money to a professional hockey stadium?

Quels sont les problèmes à long terme qui doivent être résolus et quelles sont les solutions disponibles?

What are the long-term problems that need to be addressed and what solutions are out there?

“We need to look at the early warning systems in place and aspire to attain food security.”

Economic issues are a primary part of Trump’s appeal to his base

Tim O’Reilly, the founder of O’Reilly Media and author of the book, What’s the Future?, talks about how new technology can either be considered a scapegoat or a mirror and what this means for our future.

What is GM CEO Mary Barra’s take-home pay? (It’s more than you are being told)

Besides the crucial COVID-19 vaccine patent waiver, far more is at stake at this ministerial than is generally known.

Perry Mehrling’s new book traces the rise of the dollar through the life and career of influential economist Charles Kindleberger

The current energy market structures, including the short-run-marginal-price-on-all nature of the current wholesale market, are not fit for a transition to a renewables-dominated system.

Claudia Sahm dares to call out systemic bullying and harassment that drives out talent and compromises science. Perpetrators are not happy.

In this interview, Mr. Mossadeck Bally, a Malian businessman and CEO of Azalai Hotels Group and member of GRAIN (Group of Reflection, Actions and Innovative Initiatives) discusses the economic impacts of the COVID-19 pandemic on his hotel group, the role of the Malian private sector in the economic recovery plan, youth employment and the solutions that must be provided to the political crisis in Mali.

The financial crisis of 2007-2009 should have been sufficient empirical evidence to indicate that the axiomatic basis of the mainstream theory needs to be replaced.

A new book, The Hamilton Scheme, explores a very different founder than the one we’ve come to think we know.

Why it’s time to repeal the debt ceiling and replace it with a ‘truth in borrowing’ act

Why did so many Dutch voters vote for the far-right Geert Wilders?

Evidence sharply contradicts PhRMA’s contention that its member companies need unregulated drug prices to generate profits that they then reinvest in drug innovation.

William Lazonick has shown how the doctrine of “shareholder value” has hurt wages in the United States. But in Latin America, where family corporations dominate, the story is more complicated.

To understand the rise of the League and 5 Star Movement, look at economic indicators

Economists’ assumptions, even about seemingly “small” matters, make an enormous difference to global poverty estimates but their impact often goes unnoticed, and the choices made have been badly justified. We must stop pretending that the World Bank’s “$1 per day” estimates are at all reliable.

New INET research shows once again that it’s large firms and the 1%—not the “median voter”—who drive U.S. policy

Author and law professor Maurice Stucke warns that as fundamental privacy rights vanish, your personal data can and will be used against you.

In his contribution to our ongoing series “Experts on Trial”, Alessandro Roncaglia argues that viewing economists as princes or servants of power is inherently authoritarian. We should instead see the economist as a socially and politically engaged citizen

As part of our ongoing symposium “Experts on Trial”, Professor Sheila Dow argues that if voters have grown contemptuous of economists’ expertise, that’s because economics has been misrepresented as a technical subject separate from politics and moral judgments

A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association’s (EEA) 2017 annual meeting

From LBJ to the present, the federal government has knowingly continued to expand the US fossil economy, not passively but as a major active player, endangering the future of young people.

In a world that increasingly promotes distraction and isolation, the ability to pay attention to each other has become ever more important. Philosopher Christian Madsbjerg talks to Rob about his new book, Look, which outlines how we can recapture our ability to pay attention.Subscribe and Listen on: Apple Podcasts | Spotify | Stitcher | Google Podcasts | YouTube

In this interview, Dr. Vera Songwe, economist and Executive Secretary of the United Nations Economic Commission for Africa reflects on the ways that African governments have handled COVID-19, the role of the Continental Free Trade Agreement in turbo-charging future growth, the vital role of infrastructural investment and mobilising domestic resources for building forward better and greener.

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

During this interview, Professor Kako Nubukpo, Dean of the Faculty of Economics at the University of Lomé, Togo and former Minister of Prospective and Evaluation of Public Policy of Togo considers the economic and social impact of the COVID-19 crisis and its repercussions on monetary policy and fiscal reforms underway in West and Central Africa today.

Austerity has nurtured resentments that will likely make the populist right PVV the biggest winner in the March 15 election — but without the majority or the allies needed to govern

The future of macro, he says, may well make “the formation and revision of expectations an object of analysis in its own right.”