Macroeconomics
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Central Bankers, Inflation, and the Next Recession
Sep 3, 2019
Summers and Stansbury Get It Half Right
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Central Banks, Secular Stagnation, and Loanable Funds
Sep 3, 2019
A Comment on Summers and Stansbury
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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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The Myth of Expansionary Austerity
Jul 8, 2019
It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.
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Capitalism’s Great Reckoning
Jun 24, 2019
As the maladies of modern capitalism have multiplied, fundamental questions about the future of the world’s dominant economic model have become impossible to ignore. But in the absence of viable alternatives, the question is how to reform a system that is increasingly at odds with democracy.
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Rates of Return on Everything: A New Database
Jun 4, 2019
Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found
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Report
Macroeconomic Management Meets the New Economy
May 2019
A report of the Commission on Global Economic Transformation’s subcommittee on Macroeconomics & Finance
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Why We Need New Measures of Potential Output—and What They Tell Us
May 16, 2019
Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why
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Modern Monetary Inevitabilities
May 31, 2019
For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.
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INET at the Trento Economics Festival
May 30, 2019
A collection of our research on populism, globalization and nationalism
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Non-bank lending and the credit cycle: what are the risks?
Jun 21, 2019 |
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Outlook Session: How much debt is too much?
Jun 21, 2019 |
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Macroeconomic Stimulus à la MMT
Apr 30, 2019
Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.
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Why We Need Inclusive Prosperity
May 15, 2019
The implications of rising inequality are massive. Economists need to tackle it together.
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Lance Taylor on Growth, Distribution, and the Future of Capitalism
May 1, 2019
Lance Taylor, Emeritus Professor of Economics at The New School for Social Research, delivers the annual Heilbroner Memorial Lecture on the Future of Capitalism.