Articles
Articles and analyses from the INET community on the key economic questions of our time.

Another Banking Crisis in Europe? This Time, Save Banks, Not Bankers
If Italy or the European Union have to step in to save banks, there’s no reason for them to have to do it for free
Economics in a Different Key
Brexit: The Tectonic Plates
A Bridge From Brexit

Brexit and the Future of Europe
The European Union is headed for a disorderly disintegration, and can only be saved if it is reconstructed to satisfy citizens’ needs and aspirations

How the Brexit Tragedy Challenges Economics
It would be a tragic mistake to read anti-E.U. sentiment across Europe as simple bigotry — racism and xenophobia are being nurtured by the economic pain produced by prevailing economic policies
In Memoriam, Jack Treynor
Global Money: A Work in Progress

Britain’s EU scorecard, a dissent on China stimulus, and the productivity puzzle
What we’re reading: A weekly scan of published items relevant to the Institute’s work

From Keynes to Lucas, and Beyond
Book review: Michel De Vroey and the problems of macroeconomics

This is Water (or is it Neoliberalism?)
A meditation on Vercelli, Vernengo and Levitt & Seccareccia

Monetary Finance: Mechanics & Complications
Eight years after the 2008 crisis the global economy is still stuck with low growth, too low inflation, and rising debt burdens. Massive monetary stimulus has failed to generate adequate demand, and some commentators suggest that we are “out of ammunition” with which to counter deflationary pressures.

Debate: How is the Greek rescue package being spent?
Despite using different methodologies, a number of scholars agree that most of the ‘bailout’ money is going to Greece’s foreign creditors

Independence vs. Accountability in the Evolution of the Fed
Peter Conti Brown’s new book explores and debunks a powerful meme shaping public understanding of the role of the Fed
Shadow banking’s enduring perils
Minimum Wages & Job Loss

The Unfairness of Housing Purchases Through Time
Amid the ongoing research interest in questions of inequality, it is important to examine the question of access to housing — and how that has changed over the decades. The specific question I have sought to answer, here, is whether the real cost (measured against income) of buying the average home has risen.