Government & Politics

A budget approach cloaked in the aura of science and technical jargon became a tool of manipulation.

Since Aristotle the question about the potential relationship between economic inequality and democratic changes has been studied and debated – but scientifically our ability as researchers to assess and understand how such complex social phenomena may be related is much more limited than recognised.

Patrick Honohan, Governor of the Central Bank of Ireland, discusses the Irish banking crisis.

This paper applies Schein’s model of organizational culture to financial firms and their prudential regulators.

How might a reimagined American foreign policy both bolster the domestic economy and help build a 21st-century global economy that works for everyone?

Spain’s future path for economic policy will soon be decided.

Exploring inequality, gender, and the North-South divide.

How much does the standard theory of externalities and public goods really say?

I describe the American economy in the twenty-first century as a dual economy in the spirit of W. Arthur Lewis.

We investigate the claim that the way in which debtor households service their debts matters for macroeconomic performance.

The impact of the post-meltdown Federal Reserve policy of ultra-low interest rates and Quantitative Easing (QE) on income and wealth inequality has become an important policy and political issue.

A combination of leeway within the government and constitutional immunity during incumbency enables office holders to abuse their budget at will, which in turn creates a crisis of growth in Africa, relative to other parts of the world.

This paper studies the role of credit in the business cycle, with a focus on private credit overhang.

This paper traces the evolution of the concept of the cyclically adjusted budget from the 1930s to the present.

The Institute extends its congratulations to Philip Lane, who has been named to succeed Patrick Honohan as the Irish central bank chief, and inherit his role on the council of the ECB.