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Look around and you’ll see that the economic problems facing us today are many. Even worse, the most pressing of these problems pose a daunting challenge even to analyze in their full complexity, let alone solve.

It may seem that implementing any credible solution within current political and economic institutions is at least implausible, if not impossible. So why am I hopeful about the future? Read more

By INET Grantees Jan Höffler and Thomas Kneib Read more

To illustrate the previous post on the difficulties in putting together a chronology, here is tentative chronology of economics at Carnegie. It's still in process, and links, sources and entries will be updated as I read. Read more

Originally appeared on Project Syndicate, written with co-author Xiao Geng 

The proliferation of China’s opaque, loosely regulated (or unregulated) shadow-banking system has been raising fears of possible financial instability. But just how extensive – and how risky – is shadow banking in China? Read more

This year, I'm sharing an office with an econometrician on Mondays and with a geographer on Fridays (you don't want to go into the subtleties of the French educational system). We're discussing the content of our research and the strengths and weaknesses in our respective methodologies, and, of course, joking and complaining about the sociology of our communities. Read more

Long before the recent controversy, INET Director of Research Projects Tom Ferguson and INET Executive Director Rob Johnson produced a paper titled "A World Upside Down?: Deficit Fantasies in the Great Recession," which adressed both the Reinhart and Rogoff research Read more

Reinhart and Rogoff's 2010 paper "Growth in a Time of Debt" has recently come under scrutiny. Read more

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INET Advisory Board members Carmen Reinhart and Kenneth Rogoff today issued a response to recent criticism of their paper "Growth in a Time of Debt." Their response in full is below. Read more