Articles
Articles and analyses from the INET community on the key economic questions of our time.
Blanchard, the NAIRU, and Economic Policy in the Eurozone
A recent policy brief by Blanchard (2016), based on an earlier paper (Blanchard, Cerutti, Summers 2015) raises a number of interesting points concerning the NAIRU and the Phillips Curve, which are further discussed in the comment on the paper by Ball (2015).
Marcello de Cecco (1939-2016)
Politics & Economics Don't Mix
Three Questions with Matthew Desmond
HCEO’s new three-question series will regularly publish quick Q&As with members who will discuss their work, frontiers in the field of inequality that could use more knowledge, and advice for emerging scholars.
Economic Forecasting Models & Sanders Program Controversy
The Romer/Romer letter to Professor Gerald Friedman marks a turning point. It concedes that there are indeed important issues at stake when evaluating the proposed economic policies of Presidential Candidate Bernie Sanders. These issues go beyond the political debate and should be discussed seriously between and among professional economists.
Let Them Drink Pollution?
The tragic crisis in Flint, Michigan, where residents have been poisoned by lead contamination, is not just about drinking water. And it’s not just about Flint. It’s about race and class, and the stark contradiction between the American dream of equal rights and opportunity for all and the American nightmare of metastasizing inequality of wealth and power.
Friendly Fire
Comments on “German Wage Moderation and the Eurozone Crisis: A Critical Analysis” by Servaas Storm
The Gift of Deregulation
Renminbi to the Rescue?
The SDR is the Catalyst for China’s Currency Internationalization
There is a deeper story to be told about the inclusion of the Renminbi.
Global Tax Dodging Just One Part of Pfizer’s Corrupt Business Model
Why are we paying for corporate behavior that crushes innovation, cheats taxpayers, cost jobs, and heightens inequality?
Printing Money
The Wesley Clair Mitchell medal : the AEA award that never came to be
Throughout its first 10 years operation, the John Bates Clark medal was constantly challenged. Many young economists found it biased toward theory, and demanded the establishment of a distinct award for applied work.
Want to Grow the Economy? Might Be Time to Unleash the Devil.
Is an ancient financial taboo keeping us from prosperity? Adair Turner, author of a new book on global finance, explains.
The Teaching of Economics
$1.90 Per Day: What Does it Say?
Is the Devil in the Details? Estimating Global Poverty
Economists’ assumptions, even about seemingly “small” matters, make an enormous difference to global poverty estimates but their impact often goes unnoticed, and the choices made have been badly justified. We must stop pretending that the World Bank’s “$1 per day” estimates are at all reliable.