Blogs

[PART 1] U.S. Current Account Deficits and German Surpluses: The Role of Income Distribution in Global Imbalances

Till van Treeck, Jan Behringer, Christian A. Belabed, and Thomas Theobald

Germany’s economic policies are under attack from all sides. Read more

In the thick of it (labels and research)

Historians like labels. X history. History of y. The labels carve out subjects, set boundaries in time and space, at times even suggest methodological commitments. Read more

Shadow banking and the global financial ecosystem

Originally Posted 7 November 2013 at VoxEU

The aim of this article is to present a more comprehensive approach to the way we conceptualize, regulate and measure the financial eco-system than what has been done to date. It provides a global macro context for the intellectual framework developed by the Shadow Banking Colloquium at INET (see Mehrling et al, 2013) to better understand shadow banking. Read more

Mariana Mazzucato's TED Talk: Government — Investor, Risk-taker, Innovator

Why doesn’t the government just get out of the way and let the private sector -- the “real revolutionaries” -- innovate?

Do social movements create new ideas?

The short answer is yes. For the long answer I will make you sit through seven paragraphs. Read more

An Interview with Adair Turner: “Which Capitalism for the 21st Century?”

Originally published by the Lee Kuan Yew School of Public Policy at the National University of Singapore
By Alvin Lee Read more

Institute for New Economic Thinking Launches Project to Reform Undergraduate Syllabus

In response to widespread discontent among students, employers, and university teachers, a project to create a new core curriculum for economics was launched at a seminar hosted by HM Treasury today. The CORE curriculum project, funded by the Institute for New Economic Thinking, convened the meeting, which was attended by academics, policymakers, business leaders, and students from around the world. Read more

Too Much Debt: Adair Turner on the Dangers of Excessive Sector Leverage

Adair Lord Turner, former Chairman of Great Britain’s Financial Services Authority and current Senior Fellow at the Institute for New Economic Thinking, argued in a keynote address to the Federal Reserve Bank of Chicago on Thursday that central banks must be equipped in future to address the dangers of excessive private sector leverage, using both pre-emptive interest rate policy and macro-prudential policy tools.  Read more

Adair Turner: Economic Policy Must Address Excessive Private Sector Leverage

Adair Lord Turner, former Chairman of Great Britain’s Financial Services Authority and current Senior Fellow at the Institute for New Economic Thinking, will argue in a keynote address to the Federal Reserve Bank of Chicago on Thursday that central banks must be equipped in future to address the dangers of excessive private sector leverage, using both pre-emptive interest rate policy and macro-prudential policy tools.  Read more