Archive

Starting with the literature on the estimates of the natural rate of interest, this paper critically analyzes the modern practice of identifying the benchmark rate of monetary policy with an equilibrium or neutral interest rate reflecting “fundamental forces” unaffected by monetary factors.

U.S. GDP accounting underestimates intangible capital, overstates financial capital, and is all but oblivious to the erosion of human and social capital.

INET’s Adair Turner talks about the slowdown in the Chinese economy on Bloomberg TV

Chaired by Nobel laureates Joseph Stiglitz and Michael Spence, INET has assembled a global team of leaders and scholars calling for new thinking & new rules for the world economy

From tax loopholes to high-risk speculation, Vanguard’s founder reflects on the state of Wall Street and the change needed to make finance work for ordinary people.

When central banks set inflation targets, they effectively redistribute income from wage earners to bondholders

Under the guise of “philanthropy,” business elites have an increasing grip on society

This year’s American Economics Association conference featured INET researchers, a cocktail reception, and a new interactive poll 

The Private Debt initiative is an opportunity to articulate how private debt impacts the economy and to specify the pathways for its effects. The initiative will also lead to better knowledge for the use of regulators, policymakers, journalists, and the public. Finally, the Private Debt initiative will open a better-informed dialogue towards tangible solutions to the problems posed by excessive private debt.

U.S. GDP accounting underestimates intangible capital, overstates financial capital, and is all but oblivious to the the erosion of human and social capital. A serious growth slowdown is coming.

Thomas Piketty and his colleagues have insisted that tax records are better for measuring inequality than income surveys. They’re wrong.

The American economy changed rapidly in the last half-century. The National Income and Product Accounts (NIPA) were designed before these changes started. They have stretched to accommodate new and growing service activities, but they are still organized for an industrial economy.

Vox features INET’s package of climate research

Eisuke Sakakibara: China and India will become titans on the world stage

Judge Richard Posner and Michael Sandel debate the moral limits of markets