Archive
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Video
Fiscal Austerity & Greece
Sep 24, 2015
Professor Richard Portes discusses the problems of Europe and then specifically drills down into Greece itself.
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Working Paper
Working paperNonparametric Euler Equation Identication and Estimation
Sep 2015
We consider nonparametric identification and estimation of pricing kernels, or equivalently of marginal utility functions up to scale, in consumption based asset pricing Euler equations. Ours is the first paper to prove nonparametric identification of Euler equations under low level conditions (without imposing functional restrictions or just assuming completeness).
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Article
Mathematics, Models and Reality in Microeconomics
Sep 23, 2015
Have economists fallen in love with an idealized vision of an economy in which rational individuals interact in perfect markets? To what extent is standard microeconomics responsible for this state of affairs?
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Article
Jim Chanos on What Lies Ahead for Greece
Sep 18, 2015
As Greece heads to the polls, a look back at the crisis and what the future will bring.
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Video
Curriculum Reform & Rethinking Economics
Sep 17, 2015
Marc Lavoie discusses the methodological foundations of heterodox economics, and offers a very different model of money and credit, firms and pricing, consumer theory, effective demand and employment and growth theories.
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Research Program News
Creating Flourishing Lives: The Dynamics of Capability Formation
Sep 16, 2015
Professor Heckman was invited to speak at the HDCA 2015 Conference as the keynote speaker for the Amartya Sen Lecture. The presentation offered recent research on the economics of creating flourishing lives, discussing the importance of cognitive skills, character skills and health.
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Article
Max Roser collaborates with Hans Rosling on BBC Documentary
Sep 16, 2015
Institute for New Economic Thinking at Oxford researcher Max Roser recently collaborated with world famous Swedish statistical showman Hans Rosling on the upcoming documentary ‘Don’t Panic: How To End Poverty In 15 Years’.
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Article
Travelling Knowledge and Tools
Sep 15, 2015
News about a wonderful workshop, “Knowledge Transfer and Its Contexts”
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Working Paper
Working Paper SeriesWealth Concentration, Income Distribution, and Alternatives for the USA
Sep 2015
US household wealth concentration is not likely to decline in response to fiscal interventions alone.
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Video
Intersections of Psychology and Economics
Sep 11, 2015
Tania Singer on the key importance of understanding preferences and behavioral change.
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Article
Why Carried Interest is Suddenly the Inequality Flashpoint
Sep 11, 2015
A little-understood rule in the tax code is making headlines. What’s all the fuss?
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Working Paper
Working Paper SeriesAre Low Interest Rates Deflationary? A Paradox of Perfect- Foresight Analysis
Sep 2015
A prolonged period of extremely low nominal interest rates has not resulted in high inflation. This has led to increased interest in the “Neo-Fisherian” proposition according to which low nominal interest rates may themselves cause inflation to be lower.
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Article
Why You Shouldn’t Fear China’s Devaluation
Sep 1, 2015
If anything, it points to a better managed global financial system and a more resilient Chinese economy.
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Video
China and the Challenge of Economic Reform
Aug 27, 2015
Bursting Bubbles leave a mess – in the markets, throughout the real economy, in societies, in politics and with policymaking.
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Article
Feminist Economists Challenge Austerity That Harms Women
Aug 24, 2015
Economist Alicia Girón explains why a feminist perspective is crucial to new economic thinking.