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

Investor-state dispute settlement (ISDS) allow foreign capitalists to run roughshod over the rights of Ecuadorians

The INET Taskforce in Macroeconomic Efficiency and Stability, chaired by Professor Joseph Stiglitz, focuses on the inefficiencies and instabilities that arise from the interaction of agents and institutions operating in networks and from pervasive macro-economic externalities, as well as on the macroeconomic inconsistencies that may result from those interactions.

As I write this it would be appear that the Greek crisis is finally coming to an end. In this report I would like to discuss why the negotiations were so fraught and what an agreement actually means. In a nutshell, the EU sought to address matters with the same kinds of measures that had been tried in the past, while Greece argued that doing so would not make things any better—and would in fact make them far worse.

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

Phillip Alvelda, a former DARPA program manager, reveals how a fracturing federal system has opened the door for bold state leadership. Will blue states rise to build a healthier, more just future?

In the aftermath of the 2008 financial crisis, distrust in the financial sector was widespread. Even after the mess appeared to be cleaned up, the uncertainty over whether the worst was over remained real.

That’s the amount of buybacks U.S. corporations funneled to shareholders during the past decade—rather than invest in technologies for the common good. This article is being published jointly by INET and The American Prospect

Elon Musk secured shareholder approval for a new stock-based package designed to double his voting power at Tesla, potentially making him the first trillion-dollar employee. As this plan cements Musk’s control it ties vesting to audacious market-cap and production targets and diverts focus from progressive value creation. Musk’s governance, layoffs, and politicization could imperil Tesla’s EV leadership and ambitions in AI and robotics.

It’s time to prioritize mental well-being to avoid far-reaching economic and social consequences.

Despite assembling a formidable data set and leveling a bold argument, Thomas Piketty’s Capital in the Twenty-First Century has theoretical and accounting flaws that distort its central findings

As we face a coronavirus-induced health and economic crisis of uncertain duration, policy makers should be particularly concerned about private equity’s heightened use of debt to buy out healthcare providers and take them private, with no regulatory oversight.

How to explain the current recession facing the US and the world? Does so-called “austerian” logic provide the solution? Or is it doing more harm than good?

Mass protests challenging the government to focus on job-creation rather than on market liberalization and trade deals may carry a cautionary message to Western policy makers, too.

An excerpt from Revolt of the Rich: How the Politics of the 1970s Widened America’s Class Divide by David N. Gibbs, published by Columbia University Press (2024)

New findings show that hourly wage-rates in China are higher than in middle-income countries and are approaching the levels of Greece and Portugal

We all know it: The financial sector is bloated and banks are too big to fail. But just how bloated is it, and how much should it be shrunk?

is the public sector really sclerotic and conservative in contrast with a dynamic and innovative private sector?

Dr Kandeh Yumkella is a development economist, founder and CEO of The Energy Nexus Network (TENN), a regional hub for sustainable energy solutions and serves as a Member of Parliament in Sierra Leone. Previously Dr Yumkella served as Under-Secretary-General and Special Representative of the UN Secretary-General for Sustainable Energy for All and founding chief executive officer for the Sustainable Energy for All (SE4All) Initiative (2013–2015). He also served as Director-General of the UN Industrial Development Organization (UNIDO, 2005–2013), mobilising global consensus for SDG7 and 9. He is a member of the High-Level Group of the Africa-Europe Foundation, co-chair of the Africa Europe Foundation Strategy Group on Energy, and member of various international advisory bodies, boards, and commissions.

Mike Spence talks with Rob Johnson about his upcoming co-authored book “Permacrisis”, India and the G20, and bringing the world together to address our shared challenges.

Debt Talks is a new online webinar series that will bring together diverse voices to discuss one of the most pressing economic issue of our times: the surge in indebtedness. We are inviting prominent thinkers, policy-makers, and scholars from different backgrounds and countries to present and debate their views . Each monthly webinar will feature a lively panel presentation followed by Q&A. INET Fellow Moritz Schularick will moderate the events.

The practical question in Washington today is not whether regulations will go, but whether anything will replace them

The Institute recently sponsored several panels at the Kiel Global Economic Symposium. In particular, the panel on Income Distribution and Mobility struck us as likely to be of especially wide interest. We are grateful for the participation of all the scholars on them and are pleased to present summaries of their presentations here.

Nobel laureate argues that the party’s adherence to neoliberal orthodoxy has hurt its prospects

An interview with Thomas Ferguson on the 2024 US election conducted by Andrew Yamakawa Elrod and Tim Barker for Phenomenal World

The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.

Anat Admati, author of The Bankers’ New Clothes: Whats Wrong with Banking and What to Do about It, talks about how to fix our broken banking sector.

Digital technology researcher and lawyer Dina Srinivasan discusses the ways in which digital tech companies such as Facebook and Google take advantage of their monopoly positions to the detriment of competition and of the public.

To connect across difference is the only thing that will save us from rule by the privileged few.

New technologies appear to yield long-lasting benefits for the pioneer locations where they were originally developed.

To get justice, targets must show measurable harm: economists can help.

And electric vehicles don’t do a lot better

Eight years after the 2008 crisis the global economy is still stuck with low growth, too low inflation, and rising debt burdens. Massive monetary stimulus has failed to generate adequate demand, and some commentators suggest that we are “out of ammunition” with which to counter deflationary pressures.

In the aftermath of the global financial crisis, few would dispute the risks of excessive borrowing. But which debts should one worry about – public or private? This column presents new research on the interplay of public and private debts since 1870 in 17 advanced economies. History demonstrates that excessive private-sector borrowing plays a greater role than fiscal profligacy in generating financial instability. However, when the credit boom collapses, the government’s capacity to alleviate the downturn is limited by the prevailing level of public debt.

The co-founder of the Campaign for America’s Future, Robert Borosage, discusses the many potential pitfalls the Biden administration must deal with, from a new cold war with China, to the persistence of market fundamentalism.

The multipolar financial world is here. The United States can survive it – but only with major political and economic changes at home. It’s time to start thinking about what those need to be.

Occasionally, financial speculation fastens onto transformational technologies that have the potential to create a genuinely new economy.

Vera Songwe, Chair of the Liquidity and Sustainability Facility, and former Executive Secretary of the UN Economic Commission for Africa, on the multiple crises facing African countries.

Martin Guzman, Argentina’s former Minister of Economy, explains how the role of power should be central to economic research – especially when it comes to sovereign debt.

The YSI Financial Stability Working Group will explore the changing nature of banking regulation. The series will look into the history of the Basel regulations, how they are conceived, and the challenges that are posed in their implementation.

Hope for mitigating climate catastrophe may not be lost, but the scale of political change needed is no cause for optimism

This research project offers a historical taxonomy of organizational ways that governments fund and implement industrial and innovation policy as well as a taxonomy of contemporary implementation practices.

This research project develops a comprehensive research agenda to formulate proposals that will help make the financial sector sustainable and facilitate a transition to sustainable economic development.

This research project introduces heterogeneous microeconomic behavior into a demand-driven stock flow consistent model to study the links between microeconomic financial fragility and macroeconomic instability.

This research project provides insights into how the lending market and resale market for asset-backed securities could have broken down during the 2008-2009 financial crisis, leading to a near-collapse of the banking sector and to a significant decline in real loan activity.

The GENIUS Act is a disastrous law that poses grave and unacceptable threats to our financial and economic future. Congress must remove those threats by (1) repealing the GENIUS Act and passing legislation that requires all stablecoin providers to be FDIC-insured banks, and (2) adopting legislation that requires all crypto derivatives to comply with the rules governing non-digital derivatives under Title VII of the Dodd-Frank Act.

The Globe and Mail published a long piece about the dismal science, covering a lot of ground from moral philosophy to rational expectations, from Adam Smith to this year’s Nobel laureate Thomas Sargent, from the Post-Autistic Economics movement to the Institute for New Economic Thinking. Excerpts:

At a G20 preparatory meeting in Berlin, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees

In this interview, Folashadé Soulé and Camilla Toulmin discuss with Edward K. Brown, Senior Director, Research and Advisory services at the African Center for Economic Transformation (ACET) based in Accra, Ghana, on the effects of COVID-19 on regional integration and economic transformation in Africa, and the role of ACET and African think tanks in advising African governments respond to the crisis.

The impenetrability of this continuously expanding Ptolemaic New Keynesian paradigm is maddening

Is it good for your wallet? A climate bill in disguise? Landmark action or nothingburger? Economic experts assess the Democrats’ legislative victory for the Institute for New Economic Thinking.

And the nomination for best Perp Walk goes to…

The 4th Law, Economics & Policy Conference (LEPC) is a virtual, multi-capsule conference series that aims to bring together legal, economic and public policy thinkers to consider a variety of real world issues in India in a holistic manner.

Inflation and corporate profits, a further discussion

Robert Skidelsky knocks the scientific halo off mainstream economists’ teaching and research

Over the last four decades, the US economy has done quite well for the top 1%, but it has been stagnant for most Americans. This was not an accident, nor the natural workings of the market and certainly not an inevitability. US policies have been deliberately structured since 1980 to redistribute income upwards. In other words, the system has been rigged.

We need a new system of rules for the digital 21st century that enhances global digital cooperation and welfare. Nothing less than a historic gathering of the world’s key decision makers will get us there.    

This research project builds on theory indicating that credit flows to the real sector have systematically different effects from financial flows to asset markets.

Without strong privacy laws and aligned incentives, increased AI competition worsens surveillance, manipulation, and disinformation—threatening privacy, autonomy, and democracy.

Sociologist Michael A. McCarthy’s latest book shows how ordinary people can take back control of financial capitalism and make it work for them.

The financial and economic crises started by the fall of Lehman Borthers came as a big shock, a financial shock, an economic shock, a psychological shock, and a political shock among others.

The curious case of the Wall Street Journal article on Virginia and school vouchers

The current bout of exchange rate anxiety is really just a symptom of the fact that China’s transition from an export-led growth strategy to one propelled by domestic consumption is proceeding far less smoothly than hoped.

The Research Network Macroeconomics and Macroeconomic Policies (FMM) organises its 18th annual conference on Inequality and the Future of Capitalism with introductory lectures on heterodox economics for graduate students.

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

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

No one person or perspective holds the key to solving economic problems, says Jay Pocklington of the Institute for New Economic Thinking

Dr. Agnes Kalibata, President of AGRA, on how the Ukraine conflict has been a big wake-up call for many African governments, the huge importance of investing in soils, and her frustration at the slow pace of climate mitigation.

The tough policy choices ahead for confronting the climate crisis

To understand politics in America, follow the money. When we do, we find good cause to expect McConnell’s shadow to live long beyond his tenure.

More than five years after the fall of Lehman Brothers we are still dealing with the problem of high unemployment, the worst kind of “waste” in economic theory. Is there a better approach?

Nobel laureate James Buchanan is the intellectual linchpin of the Koch-funded attack on democratic institutions, argues Duke historian Nancy MacLean

Technology has coevolved with human societies and played critical roles in past social and economic transformations. From the invention of steam engines to the use of electricity, technological changes were responsible for boosting productivity gains and increasing standards of living. But what really is technology? Is it an external force outside our control, or do we have a say in its direction, development, and deployment? These questions were undoubtedly made more urgent with the rapid advancement in digital technologies of late.

The youth paradox is accentuated by the effects of Covid-19, while the concrete short- and medium-term prospects for young people remain unclear.

Inflation and corporate profits, a further discussion, responding to Servaas Storm

Our welfare depends not only on our actual consumption, but also on alternate choices wedid not make.

Places hit hardest by austerity cuts were more likely to vote for UKIP and Leave

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.

Michael Pettis, Non-Resident Senior Fellow at the Carnegie-Tsinghua Center for Global Policy, talks to Rob Johnson about how trade wars really are class wars and how nationalist conflict is shaping US-China relations and fracturing Europe.

We are coming up to the fifth anniversary of the Lehman crash in September 2008. How bad was it? Have we fixed the problems?

On deregulation and Covid masks, libertarians are loud. On female liberty, deafening silence.

In her new book “Naked Feminism,” Victoria Bateman explains how economic conditions drive restrictions on women’s bodily freedom and why that freedom is critical to economic prosperity.

Some fundamental Keynesian and Post-Keynesian insights, with an analysis of possible mechanisms to achieve a sustained recovery.

Using computational linguistics to estimate firm-level cyber risk exposure based on quarterly earnings conference calls.

Five years after the collapse of the U.S. investment bank Lehman Brothers, the world has still not addressed the fundamental cause of the subsequent financial crisis – an excess of debt. And that is why economic recovery has progressed much more slowly than anyone expected (in some countries, it has not come at all).

During WWII FDR mobilized private manufacturers to support the war effort. To keep Americans healthy, we need to do the same now for medical equipment

Economist William Lazonick reveals how the extraction model of American corporations has migrated from business to government.

In Europe, imbalances in the structure of the automotive and a lack of industrial policies risk creating a deadly cocktail for millions of European workers just as the auto sector is undergoing decisive changes.

“While it’s incredibly difficult to get a regulatory reform passed, it’s far easier – and more profitable to politicians – to kill it.

Former Deputy Chairman of India’s Planning Commission, Montek Ahluwalia, and Nobel Laureate Michael Spence discuss Ahluwalia’s book BackStage: The Story Behind India’s High Growth Years, and explore the challenges for the developing world more generally.

What makes a good model?

Eight years after the crisis erupted, what the global economy is experiencing is starting to look less like a slow recovery than like a new low-growth equilibrium. With monetary policy unable to stimulate demand, or even inflation, it’s time for fiscal authorities to relieve the burden on central banks.

Back-room deals on corporate tax reform won’t increase growth

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

Friedrich von Hayek described the economist’s task as demonstrating how little we really know about what we imagine we can design

A critique of Mankiw’s Macroeconomics

This research project explores ways to influence policy, starting with selected UK regulators, pension funds, and asset management groups, by testing the feasibility of “emotional finance” solutions to the prevention of future financial crises.

Andre Perry, senior fellow at the Brookings Institution and author of the book, Know Your Price: Valuing Black Lives and Properties in America’s Black Cities, discusses the on-going problem of how real estate dynamics continue to maintain racial injustice in cities across United States, and how we need a “reparative culture” to address the problem