Environment
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The Promise and Limits of Carbon Pricing
Nov 24, 2020
Carbon pricing still has the potential to be a powerful tool contributing to emissions reductions, but it is clearly no panacea.
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Working Paper Series
Carbon Pricing and the Elasticity of CO2 Emissions
Nov 2020
Carbon pricing still has the potential to be a powerful tool contributing to emissions reductions, but it is clearly no panacea.
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Climate Risk and Response in a Post-Pandemic World
Webinarwith Dr. Jonathan Woetzel and Dr. Mekala Krishnan
Aug 13, 2020
Global carbon emissions could fall by an estimated 5.5% in 2020 as a result of declining industrial production in the wake of the COVID-19 pandemic. But if the change is not systemic these effects may be fleeting, and the changing climate could put hundreds of millions of lives, trillions of dollars of economic activity, and the world’s physical and natural capital at risk.
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Extreme Climate Change in a Post-COVID 19 World
Webinarwith Geoff Mann | 1:00pm ET / 10:00am PT
Apr 29, 2020
Please join us for a discussion with Geoff Mann, INET Senior Fellow and author of Climate Leviathan: A Political Theory of Our Planetary Future, on how the coronavirus pandemic might (or might not) teach us to prepare for a life on an increasingly hot planet.
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Why We Need Solidarity Economics
Apr 22, 2020
Economists have gone to great lengths to write humans out of economics, pushing self-interest and generally providing two choices—faith in markets or the state.
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The EU’s Green Deal: Bismarck’s ‘What Is Possible’ versus Thunberg’s ‘What Is Imperative’ in the Age of Covid-19
Apr 1, 2020
What ails the EU Green Deal is exactly what troubles the Union in general — an absence of social democracy at work
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Working Paper Series
The EU’s Green Deal: Bismarck’s ‘What Is Possible’ Versus Thunberg’s ‘What Is Imperative’
Apr 2020
This paper considers the ambition, scale, substance and strategy of the European Union’s Green Deal
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Freedom from Fossil Fuels is Good for Your Health
Feb 20, 2020
Freeing ourselves from reliance on fossil fuels is not only good for the planet and future generations. It also saves lives here and now, not just in the far future.
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Modeling Myths of Climate Change
Feb 10, 2020
How models treat innovation may be just as important as their assumptions about climate damages
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Working Paper Series
Modeling Myths: On the Need for Dynamic Realism in DICE and other Equilibrium Models of Global Climate Mitigation
Feb 2020
We conclude that representing dynamic realism in such models is as important as – and far more empirically tractable than – continued debate about the monetization of climate damages and ‘social cost of carbon’.
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Developing Asia Needs a New Economic Paradigm
Aug 13, 2019
Inadequate demand and climate change require a global green new deal
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Are Economists Blocking Progress on Climate Change?
Jun 24, 2019
By promoting unrealisitc models, economists have become part of problem rather than the solution
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The Right to Energy & Carbon Tax: A Game Changer in India
Jun 10, 2019
How free electricity could fight climate change and inequality
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Joe Stiglitz: The Challenges Facing China
Mar 6, 2019
The Nobel laureate economist discusses how an activist government is needed to tackle problems like climate change
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Science and Subterfuge in Economics
Feb 17, 2019
John Kenneth Galbraith noted in 1973 that establishment economics had become the “invaluable ally of those whose exercise of power depends on an acquiescent public.” If anything, economists’ embrace of that role has grown stronger since then.
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Commission on Global Economic Transformation
Chaired by Nobel laureates Joseph Stiglitz and Michael Spence, INET has assembled a global team of leaders and scholars calling for new thinking & new rules for the world economy
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Why “Green Growth” Is an Illusion
Dec 5, 2018
Wishful thinking and tinkering won’t cut it. Nothing short of a mass mobilization for deep de-carbonization across the global economy can avert the looming climate catastrophe.
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A Reply to Michael Grubb’s Growth-Decarbonization Optimism from Semieniuk et al
Dec 5, 2018
Hope for mitigating climate catastrophe may not be lost, but the scale of political change needed is no cause for optimism
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Conditional Optimism: Economic Perspectives on Deep Decarbonization
Dec 5, 2018
A response to economists who doubt our capacity to decarbonize while maintaining robust growth
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A Reply to Michael Grubb’s Growth-Decarbonization Optimism from Schröder and Storm
Dec 5, 2018
Market tweaks and incentives won’t save us from climate catastrophe. Only radical policy change will.
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The Inconvenient Truth about Climate Change and the Economy
Dec 5, 2018
The new IPCC Report is overly optimistic about global productivity growth and fossil fuel energy use. More dramatic, immediate action is needed
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Working Paper Series
Economic Growth and Carbon Emissions: The Road to ‘Hothouse Earth’ is Paved with Good Intentions
Dec 2018
Wishful thinking and tinkering won’t cut it. Nothing short of a mass mobilization for deep de-carbonization across the global economy can avert the looming climate catastrophe.
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How We Can Avoid Climate Catastrophe
Nov 21, 2018
A new report shows an economically viable path to net-zero CO2 emissions in key industries by 2060
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1st GLOBELICS pre-Conference for Young Scholars
Workshop Series on Financing of Innovation and Infrastructure for Development
YSI
WorkshopOct 23, 2018
The YSI Economics of Innovation, Economic Development and Africa Working Groups, in partnership with Global Network for Economics of Learning, Innovation and Competence Building Systems (GLOBELICS), Globelics Alumni, are organizing the 1st GLOBELICS Pre-Conference for Young Scholars entitled ‘Financing of Innovation and Infrastructure for Development’.
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YSI Africa Convening
YSI
Regional ConveningAug 16–18, 2018
Young Scholars based in Africa are invited to convene in Harare, Zimbabwe. The event serves to strengthen the African network of new economic thinkers pursuing a new economic paradigm. Attendees will be able to attend the annual conference of the Zimbabwe Historical Association in the same trip.
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Technology, Globalization and the Environment: Latin American Development in the XXI Century
ECLAC Summer School on the Latin American Economies
YSI
WorkshopJul 23–24, 2018
The Latin America Working Group and the Keynesian Economic Working Group of the Young Scholars Initiative (YSI) of the Institute of New Economic Thinking (INET) are hosting the workshop “Technology, Globalization and the Environment: Latin American Development in the XXI Century” to be held at the headquarters of the United Nations Economic Commission for Latin America and the Caribbean (UN-ECLAC) in Santiago de Chile on the 23-24 July 2018.
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What Role Should Economists Play in Climate Policy?
May 30, 2018
Economist James K. Boyce argues that the distribution of carbon tax revenue is just as important as the price itself
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How to Grow the Economy While Reducing Inequality
Apr 27, 2018
For the BRICS countries to not just grow their economies but also raise the standard of living of their people, inclusive growth that prioritizes poverty reduction is a must
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The Growing BRICS Economies: An INET Series
Apr 12, 2018
The BRICS countries—Brazil, Russia, India, China, and South Africa—play a crucial and growing role in the world economy. Sanjay Reddy kicks off our series exploring shifting social and economic dynamics within these countries, and what they mean for the global economy.
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INET Research in a Stressful Year
Feb 23, 2018
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.
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China’s Green Opportunity
Jan 12, 2018
China is now the world’s largest greenhouse-gas emitter, accounting for over 25% of the global total. But the country has also demonstrated a growing understanding that a truly green economy promises to improve quality of life and create enormous opportunities for technological and political leadership.
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World Economic Roundtable
DiscussionExplaining a Decade of Stagnation: Where Do We Go From Here?
Dec 14, 2017
The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.
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Three Surprises on Climate Change from Economist Michael Grubb
Dec 12, 2017
Two years after the 2015 Paris Agreement, where we stand today is better than you may think
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The Unfolding Energy Revolution: Lessons from Europe and the United Kingdom
Nov 30, 2017 | 04:00—05:30
A discussion with Michael Grubb, INET Grantee and Professor of Energy and Climate Change at University College of London.
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China’s International Economic Strategy
Nov 21, 2017 | 04:00—05:30
The Implications of Xi’s Belt and Road Initiative for China and the World Economy
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What's the Future?
Oct 23, 2017 | 08:30
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Conference paper
Carbon producers’ tar pit: dinosaurs beware
Oct 2017
The path to holding fossil fuel producers accountable for climate change & climate damages
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Conference paper
The humble economist
Oct 2017
What economics can – and can’t – tell us about climate change
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In the Long Run Are We All Dead?
Oct 23, 2017 | 04:30
Climate Change and Denial
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Taking the Con Out of Economics? The Limits of Negative Darwinism
Oct 22, 2017 | 12:00
What Do Citations Actually Measure in Economics and How Should Economic Journals and Department Review Committees Use This Data?
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Nobel Laureates to Co-Chair Independent Commission on Global Economy
Oct 22, 2017
Joseph Stiglitz, Michael Spence and a global team of leading thinkers are calling for new thinking & new rules for the world economy
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Reawakening
PlenaryFrom the Origins of Economic Ideas to the Challenges of Our Time
Oct 21–23, 2017
INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.
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Festival for New Economic Thinking
YSI
ConferenceOct 19–20, 2017
The Festival for New Economic Thinking is a collaborative initiative of several organizations, and aims to bring together those who seek to improve how economics is taught, studied and practiced.
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We’ll Always Need Paris
Jun 29, 2017
Faced with rapid cost reductions for clean electricity generation, some commentators suggest that we no longer need the Paris agreement or other policy interventions, because technology alone can solve all problems.
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America Last
Jun 8, 2017
Trump’s withdrawal from the Paris accord sets the US economy back
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CFP - The Dimensions of Poverty Conference
Deadline: 31 January 2017
YSI
WorkshopJun 7–9, 2017
YSI Working Groups are cooperating with Dimensions of Poverty conference
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Oceanic Economics
May 31, 2017
Ocean expert Peter Neill says the watery depths hold solutions to earth’s most pressing challenges
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Mexico, NAFTA, and the Future of the North American Economy
May 30, 2017 | 04:00—05:30
A discussion featuring Kenneth Smith, Head of the Trade and NAFTA Office of the Ministry of the Economy of Mexico, and Jay Pelosky, Principal of Pelosky Global Strategies.
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Pathways & Obstacles to a Low-carbon Economy
Apr 27, 2017
The energy transition is happening. But the pace of change depends on a range of technical, business, and societal factors.
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Kanth: A 400-Year Program of Modernist Thinking is Exploding
Mar 9, 2017
Eurocentric modernism has unhinged us from our human nature, argues Rajani Kanth in his new book
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INET Guide to the 2017 EEA Meeting
ConferenceFeb 23–26, 2017
A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association’s (EEA) 2017 annual meeting
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Carbon Dividends: The Bipartisan Key to Climate Policy?
Feb 13, 2017
The practical question in Washington today is not whether regulations will go, but whether anything will replace them
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To Save Capitalism, Make it Work for Average Folks
Feb 1, 2017
Smick argues that distortions of capitalism have fed populist rebellion, and that reviving a capitalism that offers opportunity for average people to increase their earnings is an urgent priority if America’s political economy is to be stabilized.
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INET Research in a Year of Living Dangerously
Dec 29, 2016
Notes from the Institute’s Director of Research on some significant papers and contributions produced in 2016 under the INET rubric
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Contemplating the Age of Hyper-Uncertainty
Dec 19, 2016
In the 40th anniversary year of John Kenneth Galbraith’s Age of Uncertainty, the 1970s look remarkably stable in comparison with today’s turbulent world
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Prosperity without Growth with Prof. Tim Jackson
YSI
DiscussionNov 23, 2016
The YSI Working Group on Economic Development, the Greenwich Political Economy Research Centre (GPERC) of the University of Greenwich, and the Foundation for European Progressive Studies (FEPS) would like to invite you to a talk by Professor Tim Jackson.
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China: Challenges for the Next Administration
Nov 15, 2016 | 04:00—05:30
A conversation with Isaac Stone Fish, Senior Fellow at the Asia Society’s Center for U.S. – China Relations and Asia Editor at Foreign Policy Magazine.
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The World Economy’s Growing Debt Burden
Nov 2, 2016 | 04:00—05:30
A conversation with Richard Vague, Managing Partner at Gabriel Investments and Chairman of the Governor’s Woods Foundation.
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James Boyce Wins 2016 Leontief Award for Work on Environmental Inequality
Oct 11, 2016
Institute grantee Boyce cited for integrating ‘ecological, developmental and justice-oriented approaches’ into economics
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Law Economic Policy Conference
ConferenceSep 28–30, 2016
The National Institute of Public Finance and Policy (NIPFP) in collaboration with the Institute of New Economic Thinking (INET) are organizing India’s first “Law Economic Policy Conference (LPEC 2016)”. The aim is to bring together economic, legal and policy thinkers together to consider policy issues in a holistic manner.
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The Private Debt Crisis
Sep 21, 2016
China is drowning in it. The whole world has too much of it. History suggests: This won’t end well.
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Who Has Space for Renewables?
Sep 19, 2016
Estimated space requirements for solar energy sufficient to power the entire world are reassuringly trivial, at 0.5-1% of global land area. For individual countries however, the challenges vary greatly, reflecting dramatic differences in population density.
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A rejoinder to Michael Grubb, Annela Anger-Kraavi, Igor Bashmakov and Richard Wood
Jul 26, 2016
We are grateful to Michael Grubb, Annela Anger-Kraavi, Igor Bashmakov, and Richard Wood for their interesting, empirically rich and structurally insightful commentary on our paper on the production-based and the consumption-based Carbon Kuznets Curve (CKC).
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Carbon Decoupling?
Jul 26, 2016
A comment on Goher-Ur-Rehman Mir and Servaas Storm’s Carbon Emissions and Economic Growth: Production Based vs Consumption-Based Evidence on Decoupling
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Advanced Graduate Workshop in Development and Globalization
WorkshopJul 4–17, 2016
The Advanced Graduate Workshop in Development, led by Nobel Laureate Joseph Stiglitz is interested in identifying the complex interactions that influence well-being, development and growth.
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Working Paper Series
Carbon Emissions and Economic Growth: Production-based versus Consumption-based Evidence on Decoupling
Mar 2016
We assess the Carbon-Kuznets-Curve hypothesis using internationally consistent and comparable production-based versus consumption-based CO2 emissions data for 40 countries (and 35 industries) during 1995-2007 from the World Input Output Database (WIOD).
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A Wake-Up Call on Climate Change and Clean Energy
Mar 30, 2016
A stark warning from Institute researchers on the probability that ‘2°C capital stock’ will be reached in 2017
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Let Them Drink Pollution?
Jan 26, 2016
The tragic crisis in Flint, Michigan, where residents have been poisoned by lead contamination, is not just about drinking water. And it’s not just about Flint. It’s about race and class, and the stark contradiction between the American dream of equal rights and opportunity for all and the American nightmare of metastasizing inequality of wealth and power.
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The Institute at ASSA
DiscussionJan 2, 2016
Join us for a reception at the ASSA conference in San Francisco
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Economic Growth, Climate Change and Environmental Limits
Nov 6, 2015
Will environmental limits, including limits on the climate system, slow or even halt economic growth? If not, how will the nature of economic growth have to shift?
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Working paper
Networks and Misallocation: Insurance, Migration, and the Rural-Urban Wage Gap
Sep 2015
We provide an explanation for the large spatial wage disparities and low male migration in India based on the trade-off between consumption-smoothing, provided by caste-based rural insurance networks, and the income-gains from migration.
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Tackling the Energy & Environmental Challenges of the 21st Century
Jul 19, 2015
How well do our assumptions about the global challenges of energy, environment and economic development fit the facts?
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Latest Institute Grants Announced
Jul 17, 2015
The Institute for New Economic Thinking has awarded $2 million in grants to fund 21 different projects as part of the latest round of its research grant program.
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Working paper
Contagion Exposure and Protection Technology
May 2015
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.
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New Climate-Economic Thinking
Apr 21, 2015
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Finance, Sustainability and the Environment
Apr 10, 2015 | 07:15—08:45
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Stimulating Innovation & Growth
Apr 9, 2015 | 06:45—08:15
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Conference paper
Severing the Innovation-Inequality Link: Distribution Sensitive Science, Technology and Innovation Policies in Developed Nations
Apr 2015
Innovation is essential to economic growth. However, it appears that the ways in which we pursue innovation policies have aggravated inequality. Inequality is an increasingly contentious political issue in both wealthy and emerging economies.
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Conference paper
Global Crises, Equalizing and Dis-equalizing Capitalist Regimes: The Case of 20th Century Asian Political Economy
Apr 2015
The logic of deep global capitalist crises needs to be incorporated centrally into an understanding of the changes in the within-country inequality levels. I present a theoretical framework that incorporates two levels of political economic processes. First,global capitalist crises lead to the creation of an institutional structure or a regime in the capitalist centers that influences inequality in these core countries and in the periphery. Second the class configuration in the non-core countries - a set of institutional arrangements that can be termed local political economy - also plays a key role in determining inequality outcomes.
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Conference paper
Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession
Apr 2015
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.
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Analyzing Growth & Inequality in the 21st Century
Apr 8, 2015 | 06:45—07:15
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Inequality and Climate Change
Apr 8, 2015 | 10:15—10:30
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Economic Growth & Inequality across Time & Space: Where Has Growth Lead to Equality and Why?
Apr 8, 2015 | 06:00—06:30
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Liberté, Égalité, Fragilité
PlenaryApr 8–11, 2015
The Institute for New Economic Thinking held its sixth Annual Conference from April 8 to April 11, 2015, in collaboration with the Organization for Economic Cooperation and Development (OECD) in Paris.
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Conference paper
Income Inequality and Growth: Problems with the Orthodox Approach
Mar 2015
This paper discusses the main issues about increasing inequality, whether it matters and its impact on economic activity and growth. It starts by briefly considering the empirical evidence of the share of income going to the top one percent since 1945 in the advanced countries. It then considers whether this represents an increase in the productivity of the top one percent or merely an extraction of economic rent.
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Energy and the Economics of Renewables
Mar 1, 2015
Is moving away from coal and into shale - rather than directly into renewables - a worthy move from an economic as well as environmental point of view?
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China's Regulation Problem
Jan 4, 2015
Repression in China today is at its most severe point since the aftermath of 1989. David Wu discusses the tensions inherent in a one-party state which is struggling to aspire toward a more predictable rule of law.
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Years granted:
2015
German Energy Policy in the Age of Oil and Atoms, 1945–2000
This research project traces the history of German energy policy from 1945 to the present. It explores the political economy behind Germany’s transition from coal, to oil, to green energy, the crises driving these shifts, and the evolving efforts to balance affordability with security and environmental protection.
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Years granted:
, 2015
Air Quality Co-Benefits in Climate Policy
This research project investigates the air quality co-benefits of climate policy. Reduced burning of fossil fuels curbs not only CO2 emissions but also emissions of hazardous co-pollutants, such as particulate matter. The extent of air quality co-benefits relative to CO2 reduction varies across regions and pollution sources, and hence the distribution of emissions reductions matters for both efficiency and equity.
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New Research Shows Pollution Inequality in America is Even Worse Than Income Inequality
Sep 28, 2014
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Working Paper Series
Three Measures of Environmental Inequality
Apr 2014
Using data on industrial air pollution exposure in the United States, we compute three measures of environmental inequality: the Gini coefficient of exposure, the ratio of median exposure of minorities to that of non-Hispanic whites, and the ratio of median exposure of poor households to that of nonpoor households.
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Secular Stagnation? The Future Challenge for Economic Policy
Apr 11, 2014 | 03:15—05:00
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The Environment and Innovation: What Are The Real Costs?
Apr 11, 2014 | 12:45—02:15
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Human After All
PlenaryApr 10–12, 2014
The Institute for New Economic Thinking joined the Centre for International Governance Innovation (CIGI) in holding its fifth Annual Conference from April 10 to April 12, 2014 in Toronto.
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Years granted:
2012, 2013, 2014
Voter and Consumer Behavior toward Energy Policy through the Lens of New Behavioral Paradigms: A Path to a Sustainable Economy?
This research project discovers how real people, not just the abstractions of traditional economic theory, respond to various possible policy interventions aimed to bring climate change under control and thus which policies will have the biggest impact.
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Years granted:
2012, 2013, 2014
State-Contingent Environmental Policy
This research project proposes linking emission fees to actual temperatures, thereby helping to break the policy stalemate and reach agreement on an effective policy.
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What is Economic Success?
Oct 11, 2013
“You are now leaving the world as you know it.”
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Conference paper
The Two Innovation Economies: Follower and Frontier
Sep 2013
Can China lead the way on innovation?