Archive
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Conference Session
Dominique Strauss-Kahn: Economic Policy Challenges in the Post-Crisis Period
Apr 9, 2010 | 08:05—09:55
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Conference Session
The Consequences of Inequality and Wealth Distribution
Apr 9, 2010 | 10:00—12:15
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Working Paper
Conference paperOn the Role of Theory and Evidence in Macroeconomics
Apr 2010
This paper, which is prepared for the Inagural Conference of the Institute for New Economic Thinking in King’s College, Cambridge, 8-11 April 2010, questions the preeminence of theory over empirics in economics and argues that empirical econometrics needs to be given a more important and independent role in economic analysis, not only to have some confidence in the soundness of our empirical inferences, but to uncover empirical regularities that can serve as a basis for new economic thinking.
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Working Paper
Conference paperWhat Kind of Theory to Guide Reform and Restructuring of the Financial and Non-Financial Sectors?
Apr 2010
The purpose of the paper is to argue for attention to be paid, not only to choice of theory, but also to choice of theoretical approach, in order to address issues posed by the crisis.
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Working Paper
Conference paperRevitalizing Global Economic and Financial Cooperation: Observations on the Global Financial Architecture
Apr 2010
Since the outbreak of the Asian financial crisis more than a decade ago, world leaders have been searching for ways to make the global financial system more resilient, less crisis-prone, and better able to play its essential role in supporting broadly-shared growth.
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Working Paper
Conference paperNew Theories to Underpin Financial Reform
Apr 2010
As Carmen Reinhart and Kenneth Rogoff remind us in the title of their book, This Time is Different: Eight Centuries of Financial Folly, financial crises are nothing new (Reinhart and Rogoff (2009)). However, they often come as a surprise to many people because in most countries they appear only periodically.
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Working Paper
Conference paperToward A New Global Financial Architecture: Some Issues and Approaches
Apr 2010
The current debate on new Global Financial Architecture is, in a way, the continuation of the debate that was intensified consequent upon the Asian crisis.
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Conference Session
Toward a New Global Financial Architecture
Apr 8, 2010 | 12:00—01:45
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Conference Session
Networks and Systemic Risk
Apr 8, 2010 | 08:15—09:45
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Working Paper
Conference paperLife after “Rational Expectations”? Imperfect Knowledge, Behavioral Insights and the Social Context
Apr 2010
Many people regard the recent financial crisis as a painful addition to an already massive body of evidence that demonstrates the inadequacy of today’s economic models of “rational” markets.
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Working Paper
Conference paperEfficient Markets: Fictions and Reality
Apr 2010
Eugene Fama, one of the founders of the so-called “Efficient Markets Hypothesis” (EMH), articulated early on the basic narrative that underpins it: “competition… among the many [rational] intelligent participants [would result in an] efficient market at any point in time [in which] the actual price of a security will be a good estimate of its intrinsic value” (Fama, 1965, p. 56).
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Working Paper
Conference paperAnatomy of Crisis: Economic Theory, Politics and Policy
Apr 2010
The current economic and financial crisis, and it is both, has already imposed great costs on the global economy. Nor is there any guarantee that we have seen the worst and that recovery is now assured.
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Working Paper
Conference paperGeorge Soros: The Living History of the Last 30 years
Apr 2010
Economic theory has modeled itself on theoretical physics. It has sought to establish timelessly valid laws that govern economic behavior and can be used reversibly both to explain and to predict events.
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Working Paper
Conference paperEfficient Market Theory and the Recent Financial Crisis
Apr 2010
The world economy in 2008-2009 has passed through the most severe economic downturn since World War II. This global recession was preceded by the collapse of some of the largest financial institutions in the world.
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Conference Session
Anatomy of Crisis- The Living History of the Last 30 Years: Economic Theory, Politics and Policy
Apr 8, 2010 | 03:00—04:50