Archive

And what was QE about anyway?

Deficit Fantasies in the Great Recession

One INET project is to “reconnect the teaching of economics with the working of the actual economy,” which is to begin with a reform of the undergraduate curriculum.

In my last post I argued that if we want a Fed that is ready for the next crisis, we had better understand what happened to it during the last one.

The place invites poetry. By the way, all sessions can be viewed from the website – check out in particular the last session featuring Gillian Tett of the Financial Times moderating a discussion between Paul Volcker and George Soros

I was not in Bretton Woods this week. I followed the event through the videos posted on the INET website and the exhilarating and exhausting experience of Benjamin, Floris and Tiago.

I am writing a paper about an economist that was at the Treasury in the second half of the 1950s and 1960s.

There are a lot of universities represented here, but who are the most likely candidates for participation and who might one expect INET to be interested in?

In a classic book and subsequent articles, Obstfeld and Taylor (2004) have shown how the broad contours of international financial history over the past century and a half can be well understood by appealing to the famous economictrilemma which emerges from the standard Mundell-Fleming model many of us still teach our undergraduates.

The euro area’s sovereign debt crisis continues though significant steps have been taken to resolve it.

In preparing this paper I have decided not to embark upon the decades-old issue of optimal-currency areas and governance as such. I assume that one of my colleagues on the panel will do that. Instead I will present an historical case of over-indebtedness of parts of a common-currency area somewhat similar to the present challenge of Europe, or rather of the Euro area with its common currency.

Investment in productive capabilities provides the foundation for economic growth.