Archive
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Article
The Economics and Politics of Social Democracy: A Reconsideration
May 14, 2020
To able to deal with these consequences, our crisis response now should not lock us in into a permanent state of austerity, greater inequality and heightened vulnerability to future health calamities. New-old social democratic solutions are needed more than ever before.
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Working Paper
Working Paper SeriesThe Economics and Politics of Social Democracy: A Reconsideration
May 2020
The popular discontent and rise of ‘populist’ political parties is closely related to the failure of New Labor to navigate social democracy’s dilemma.
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Webinars and Events
Pandemic Relief Efforts
Webinarwith Joseph Stiglitz - 12pm EDT / 9am PDT
May 14, 2020
The COVID-19 pandemic has thrust us into a new reality, and any course we set now will have huge and lasting repercussions on public health and the economy.
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Video
How Populists Use Economics to Exploit Crisis
May 13, 2020
MIT Sloan Assistant Professor Emil Verner discusses his research into credit markets, and the role of economics in the rise of populism.
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Article
The Wealth Effects of Bailouts: A Quantitative Assessment
May 9, 2020
Once again, income earned by the many is used to save the wealth of the few.
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Webinars and Events
COVID-19 and the Developing World
Webinarwith Dr. Jayati Ghosh | 12:00pm ET / 9:00am PT
May 8, 2020
Developing countries, many of which appear not to have felt the health effects of COVID to the same extent as Europe and the US, are nonetheless facing severe economic effects as the pandemic pushes the global economy into a recession.
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Article
How Market Sentiment Underpins Knightian Uncertainty
May 7, 2020
We find empirical evidence that changes in market sentiment drive unforeseeable change in how stock returns unfold over time, thereby engendering Knightian uncertainty.
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Article
Modigliani Meets Minsky: Inequality and U.S. Household Debt Since 1950
May 7, 2020
A look at the American household debt boom
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Working Paper
Working Paper SeriesModigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016
May 2020
Increased borrowing by middle-class families with low income growth played a central role in rising indebtedness
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Working Paper
Working Paper SeriesHow Market Sentiment Drives Forecasts of Stock Returns
May 2020
We reveal a novel channel through which market participants’ sentiment influences how they forecast stock returns: their optimism (pessimism) affects the weights they assign to fundamentals.
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Article
Chile’s Outburst of Discontent
May 6, 2020
How the fear-of-the-new transformed a “miracle” into an aborted attempt at catching-up
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Collection
The COVID-19 Economic Crisis
Find all of our COVID-19 pandemic articles, webinars, and working papers here.
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Video
Gender Equality Works for Everyone.
May 6, 2020
If a tree falls outside of the market sector, does it make a sound?
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Article
Think Big Pharma Won’t Profiteer in the Race to Treat Coronavirus? Think Again.
May 5, 2020
Evidence shows pharmaceutical companies won’t stop price-gouging and risking American lives for financial gain in this time of crises – unless we force them.
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Article
The Eurozone in Crisis
May 4, 2020
A Report From the Front Line