Finance

As Greece descended into a financial maelstrom in the spring of 2010, a small group of staffers at the International Monetary Fund (IMF) held top-secret talks with officials from the German and French finance ministries to discuss the idea of restructuring Greece’s debt.

Gudrun Johnsen on Iceland, “womenomics”, and Finance & Society

It Could Fall On You.

A member of the Austrian Central Bank tells us his research on wealth and income inequality in Europe.

In recent decades, advanced economies have experienced low and stable inflation and long periods of liquidity trap. We construct an alternative business-cycle model capturing these two features by adding two assumptions to a money-in-the-utility-function model: the labor market is subject to matching frictions, and real wealth enters the utility function. These assumptions modify the two core equations of the standard New Keynesian model

Yanis Varoufakis and Joseph Stiglitz discuss Greece’s financial challenges and the associated Eurozone politics in this exclusive conversation.

The Institute for New Economic Thinking responds to an evident need for innovative approaches to understanding economic and financial processes.

At least the Labour Party has only promised to cut day-to-day spending, not public investment.

Here we are, some 7 years after the Great Financial Crisis, and not one senior banking executive has gone to jail.

This paper proposes a different interpretation of the Eurozone crisis, seeing as its “final” cause European policies which have forced private savings down too low.