Archive

William White, chairman of the Economic Development and Review Committee (EDRC) at the OECD in Paris

We are coming up to the fifth anniversary of the Lehman crash in September 2008. How bad was it? Have we fixed the problems?

How can we get the financial sector back to serving its intended function?

economists still conceive of law too narrowly, mainly as a means to reduce transaction costs and protect investors.

Why didn’t central banks see the financial crisis coming?

The Obama stimulus remains controversial even as we approach the fourth anniversary of its launch.

What does the bankruptcy of Detroit say about the US social contract?

Should China internationalize the RMB? Will it take the lead on sustainable development? Can it maintain growth and productivity?

The shortage of liquidity in the interbank market in China has sparked off a fear of “monetary famine.” This seems rather odd when the national savings rate is 50 per cent of GDP

Adam Posen, President of the Peterson Institute for International Economics, discussing the lessons of macroeconomic stimulus provided by the recent histories of Japan and Great Britain.

Recent austerity policies have been guided by ideology rather than research. This column discusses research that reconciles disparate estimates of fiscal multipliers in the literature. It finds that common identification assumptions are problematic. Matching methods based on propensity scores show how contractionary austerity really is, especially in economies operating below potential.

Did the global economic collapse in 2008 stem from structural failures in the capitalist system?

“How could Michigan officials possibly talk about cutting the average $19,000-a-year pension benefit for municipal workers while reaffirming their pledge of$283 million in taxpayer money to a professional hockey stadium?

Warren Mosler, president of the financial services firm Valance Company and one of the founders of Modern Monetary Theory (MMT), speaks about what MMT tells us about economic policy. How can MMT help get the economy back on track?