Archive
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Video
The Death of Neo-Liberalism
Aug 20, 2015
The financial crisis of 2008 was not a run of the mill recession.
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Working Paper
Working paperTowards a General Theory of Deep Downturns
Aug 2015
This paper, an extension of the Presidential Address to the International Economic Association, evaluates alternative strands of macro-economics in terms of the three basic questions posed by deep downturns: What is the source of large perturbations? How can we explain the magnitude of volatility? How do we explain persistence?
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Article
Joseph Stiglitz: “Deep-seatedly wrong” economic thinking is killing Greece
Aug 19, 2015
The latest austerity deal is terrible for Greece and Europe.
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Video
How do we move beyond the “austerity” debates?
Aug 15, 2015
And how do they relate to our democratic institutions and institutional social relations?
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Article
Is it Just a Greek Problem?
Aug 13, 2015
In the last couple of months, Greece has once again become the center of attention of politicians, academics, and the general public. The debate has, for a large part, focused on Greece’s fiscal deficit as if it were just a self-inflicted Greek problem. But is it?
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Article
Is Financial Success a Product of Inherited Genes?
Aug 9, 2015
Comparing outcomes for biological and adopted children sheds light on the intergenerational transmission of wealth.
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Video
What Can Economists Learn From Literature?
Aug 6, 2015
Literary productions offer illustrations of economic theory in action.
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Article
Economics in the Rear-View Mirror
Aug 6, 2015
Archival artifacts from the history of economics.
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Working Paper
Working Paper SeriesTracking Variation in Systemic Risk at US Banks During 1974-2013
Jul 2015
This paper proposes a theoretically based and easy-to-implement way to measure the systemicrisk of financial institutions using publicly available accounting and stock market data.
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Article
Greece, Goldman Sachs, and the Dark Side of International Finance
Jul 28, 2015
Dubious transactions and flimsy accounting standards need scrutiny.
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Article
So What Can We Do About Inequality?
Jul 24, 2015
Tony Atkinson’s new book points the way forward.
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Article
China’s stock market crash reveals financial policy tensions
Jul 24, 2015
The unprecedented intervention by China’s authorities to backstop China’s stock market reveals widening policy tensions in China’s leaderships financial reform agenda.
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Article
What Happened to China’s Stock Market and Why You Should Care
Jul 23, 2015
The sharp and sudden plunge scared everyone. Can the Chinese government get control of the market?
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Article
Debt-driven Growth: The decade prior to the Great Recession
Jul 22, 2015
The recent financial crisis has impressively illustrated the dangers of rapid credit growth in a painful way.
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Article
EU refuses to acknowledge mistakes made in Greek bailout
Jul 21, 2015
As I write this it would be appear that the Greek crisis is finally coming to an end. In this report I would like to discuss why the negotiations were so fraught and what an agreement actually means. In a nutshell, the EU sought to address matters with the same kinds of measures that had been tried in the past, while Greece argued that doing so would not make things any better—and would in fact make them far worse.