Young Scholars Will Bring New Economic Thinking

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

A chronology of economics at Carnegie (in progress)

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

Lending in the Dark: China's Shadow Banking Sector

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

On the difficulty of assembling a chronology and other F....moments in history of economics research

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

INET's Tom Ferguson and Rob Johnson on Debt, Growth, and Austerity

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

Grantee Arindrajit Dube Examines Reinhart and Rogoff's Causal Claims

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

Reinhart and Rogoff Respond to Criticism

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