Macroeconomics & Finance
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Italy’s Crisis Is the Left’s Crisis
Jun 22, 2018
When politics is defined in terms of “populism” vs. “the mainstream,” the possibility for real economic reform is diminished.
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The American Behind the Deutsche Mark
Jun 20, 2018
70 years ago today, Edward A. Tenenbaum helped pull off an astounding feat—successfully reforming Germany’s currency after World War II
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How the Largest Banks Are Leading Us to a New Financial Crisis
Jun 19, 2018
By evading regulation of credit default swaps, the major U.S. banks put taxpayers—and the entire economy—at risk
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The Roots of Argentina’s Surprise Crisis
Jun 12, 2018
A change in macroeconomic policies will not be sufficient to set Argentina on a path of inclusive and sustained economic development. But, as last month’s currency scare showed, abandoning the approach adopted by President Mauricio Macri’s administration at the end of 2015 is a necessary step.
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Worrying About the Deficit is So 17th Century
Jun 6, 2018
In “celebration” of the late Pete Peterson’s 92nd birthday (see guest list), an excerpt from 19th Century historian Lord Macaulay’s History of England, on hundreds of years of unwarranted panic about government debt.
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INET Memo to G20: The Trouble with Economic Research Evaluation
May 28, 2018
In a memo for the G20, INET calls for changes to the evaluation of economic research to ensure that economic theory—and policy—is more rigorous, innovative, and in service to society.
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Breaking the Stranglehold of the Orthodoxy in Economics
May 28, 2018
Introducing INET’s body of work on dysfunctions in research evaluation, Rob Johnson shows how breaking academic conformity is vital for the economics profession—and the economy itself.
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Argentina’s Unseen Fragility
May 18, 2018
With growth fueled by an increase in debt, Argentina is facing an uncertain economic future, despite investors’ generally rosy view. The government of Mauricio Macri has options to address the country’s macroeconomic risks, but none of them will be free of tough choices.
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Working Paper Series
The Focus of Academic Economics: Before and After the Crisis
May 2018
Has the global financial crisis of 2007 had a visible impact on the economics profession?
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Why Americans’ Hatred of Taxes Is Fake News
Apr 13, 2018
Newspapers consistently underplay wide public support for higher taxes on businesses and the wealthy
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Working paper
A Distorting Mirror: Major Media Coverage of Americans’ Tax Policy Preferences
Apr 2018
Over the last four decades, Americans have consistently told pollsters that they favor higher taxes on business and the wealthy, even as tax policy has moved sharply in the other direction.
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How Well Does Financial Regulation Work?
Mar 15, 2018
What 200 Years of Government Interventions in Financial Markets Can Tell Us
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Call for Papers
Mar 19 - 24, 2018 |
test
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Rewarding Bad Behavior: The Bear Stearns Bailout
Mar 12, 2018
Ten years ago when Bear Stearns crashed, the Fed decided to bail out first, ask questions later. It was a mistake that set a bad precedent.
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Waiting for the Chinese Bear Stearns
Mar 13, 2018
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.