Articles
Articles and analyses from the INET community on the key economic questions of our time.
In Memoriam, Jack Treynor
A New Economic Paradigm to Fight Populism
Globalisation was once considered a doctrine of salvation - but it has produced too many losers and created a breeding ground for heralds of simplistic truths. It is high time for a new doctrine.
Global Money: A Work in Progress
A dollar-denominated global economy means the Fed is at once the bankers bank and government bank, as well as both U.S. central bank and global central bank — managing that hybrid is the challenge of our time
From Keynes to Lucas, and Beyond
How Do Investors Approach the Stock Market in a Wild Election Cycle?
Neither the Rational Expectations Hypothesis nor behavioral finance approaches alone provides an adequate predictor of investor behavior, argues Roman Frydman
Profound Changes in Economics Have Made Left vs. Right Debates Irrelevant
New economic thinking has the potential to make political debates far more productive
Is Wall Street Doing its Job?
What we’re reading: A weekly scan of published items relevant to the Institute’s work
How the computer transformed economics. And didn’t.
The shift toward applied economics in the last 40 years is usually associated with the development of computers and datasets. Yet, the success of computer-based approaches is highly selective, and what computerization failed to change in economics is equally remarkable.
Helicopter Money on a Leash?
Any use of money-financed fiscal expansion as a policy tool will require rules to ensure discipline and avoid excess
Shadow banking’s enduring perils
Five lessons from the last crisis — for managing the next one
When Economists Attack
The Road not Taken
Axel Leijonhufvud showed economists a promising path forward. They should have taken it. Leijonhufvud passed away on May 5, 2022