Archive
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Article
Rejoinder to Flassbeck and Lapavitsas
Jan 28, 2016
It is high time to ditch this myth for at least the following five reasons.
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Article
Wage Moderation and Productivity in Europe
Jan 28, 2016
Recently, our analysis has been questioned by Servaas Storm who has claimed that it is untenable to blame neo-mercantilist Germany for driving a wedge into the Eurozone. [i] It is shown below that Storm’s critique has a certain aplomb, but lacks substance.
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Article
Are Economists in Denial About What's Driving the Inequality Trainwreck?
Jan 27, 2016
Today’s richest Americans may soon blow past the tycoons of the Roaring Twenties. Lance Taylor explains why, and what to do about it.
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Video
Innovation and the State
Jan 26, 2016
Economic growth and rising prosperity does not happen at the moment of invention. Only an innovation policy aiming to maximise activities throughout the innovation cycle will succeed in capturing economic growth that enhance the welfare of all citizens.
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Article
Let Them Drink Pollution?
Jan 26, 2016
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.
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Working Paper
Working Paper SeriesHousehold Borrowing and the Possibility of “Consumption- Driven, Profit-Led Growth”
Jan 2016
We first show that, with a Kaleckian structure that is consistent with Pasinetti (1962), the relationship between distribution and growth is more robust than conventional wisdom suggests. Next, we extend our model by incorporating borrowing and emulation effects into workers’ consumption behavior, under different assumptions about how debt is serviced.
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Article
Friendly Fire
Jan 20, 2016
Comments on “German Wage Moderation and the Eurozone Crisis: A Critical Analysis” by Servaas Storm
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Collection
Rebuilding Trust
Trust is an essential part of a functioning economy, yet it is often one of the least understood variables in economics. While trust is difficult to understand and measure in the context of economics, this type of innovative work enables new and important conversations about trust and how it affects the economy.
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Video
Relearning History
Jan 19, 2016
Lessons Ignored From the 1930s
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Video
What Tax Records Can Tell Us About Gender Inequality
Jan 12, 2016
Professor Casarico explains why her focus on gender and the “glass ceiling” can help us push forward economic thinking.
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Article
German Wage Moderation and the Eurozone Crisis: A Critical Analysis
Jan 8, 2016
It is high time to look more closely at the labor cost competitiveness myth.
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Article
Start-Up Governments, or Can Bureaucracies Innovate?
Jan 4, 2016
For most economists and indeed for social scientists in general such a question induces shudders as already asking this seems wrong – aren’t governments more prone to failures than markets, and aren’t governments supposed to provide basic and stable institutions for markets to function?
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Webinars and Events
The Institute at ASSA
DiscussionJan 2, 2016
Join us for a reception at the ASSA conference in San Francisco
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Grant
Years granted: 2014, 2015, 2016High-Dimensional Statistics for Macroeconomic Forecasting
This project brings new mathematical tools and ideas from high-dimensional statistics to bear on the problem of creating reliable macroeconomic forecasting models.
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Grant
Years granted: 2014, 2015, 2016The Center and the Periphery: The Globalization of Financial Turmoil
This research project creates a new database of international capital flows from the early 19th century, when London became the financial capital of the world, until 1931, when international capital markets collapsed.