Government & Politics

Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.

“Facebook is undermining our country, our democracy.”

Low interest rate policy can only do so much to bring the relief to American borrowers that they deserve: past monetary policies, credit market regulations and stagnant labor productivity growth all get in the way. Interest rate policy activism is part of the problem, not the solution.

Facebook engaged in an elaborate bait and switch on user data: Privacy disappeared when competition did. Laws governing competition could change that.

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

Part of INET and the Centre for Public Policy Research (CPPR) roundtable series, “Vikàsàrth: Development and the Economy.”

Modern monetary theorists ignore how their policies could hurt developing countries

The most popular political philosopher of his generation on liberal responsibility worldwide for the rise of the hard right

Author Samuel Stein talks about how capitalism shapes housing and what economists have in common with city planners

Decades before it caught on with other economists, Sadie Alexander was the first economist to recommend a government jobs guarantee in the US

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.

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

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.

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.

Starting with the literature on the estimates of the natural rate of interest, this paper critically analyzes the modern practice of identifying the benchmark rate of monetary policy with an equilibrium or neutral interest rate reflecting “fundamental forces” unaffected by monetary factors.