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Black Americans remain second-class citizens in access to housing finance

Unregulated, speculative lending markets nearly brought down the global financial system 10 years ago. Now, Western banks are exporting this failed model to the developing world.

The idea that economics has recently gone through an empirical turn –that it went from theory to data– is all over the place. I argue that this transformation has been oversimplified and mischaracterized.

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

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.

Inflation and corporate profits, a further discussion

For years, governments in India and much of the developing world have followed the advice of a paper arguing that labor regulations actually hurt workers. The problem? The research was wrong.

A call to action for a world economy in crisis

Research by Thomas Piketty, partly funded by the Institute, shows that wealth and income gaps in China are now larger than Europe’s, and approaching those of the US

“Facebook is undermining our country, our democracy.”

Forget the myth of a savings glut causing near-zero interest rates. We have a shortage of aggregate demand, and only public spending and raising wages will change that.

Book review: Michel De Vroey and the problems of macroeconomics

Italy’s austerity-fueled crisis is a warning to the Eurozone

The United States economy has come apart, with the rich getting richer and workers’ incomes not advancing at all.

The idea is finally catching on, but many still miss how deeply it’s driving inflation, masking wage losses, and complicating recovery.