History
-
Overhangs, Uncertainty and Political Order: Where Do We Go From Here?
Apr 13, 2012 | 03:15—05:15
Leading thinkers from outside the developed countries look to the future, spotlighting the pitfalls and opportunities thatawait us.
-
Conference paper
Financial Instability after Minsky:Heterogeneity, Agent Based Models and Credit Networks
Apr 2012
Albeit the majority of the profession either ignores Minskyís Financial Instability Hypothesis (FIH) or considers it plainly wrong, at least since the mid-80’s a few influential economists —who have certainly not embraced any unorthodoxcredo —have grown more receptive to this idea and eager to incorporate it in their models, even if diluted and sometimes disguised in order to make it more palatable to the conventional “representative” macroeconomist
-
Conference paper
Instability in Financial Markets: Sources and Remedies
Apr 2012
In the seemingly never-ending aftermath to the economic crisis that began in 2007, there is little disagreement that financial markets are characterized by instability rather than stability.
-
Explaining 'New Economics' with Two Diagrams
Apr 13, 2012
I think I am on the track of what ‘New Economics’ is, and one could roughly sum up two days of presentations in two diagrams:
-
How to spend the $75m Janeway and Soros just gave to INET!?!
Apr 13, 2012
Lunch was just interrupted Bill Janeway standing up to announce that this morning he decided to give $25m to INET and the board will fund-raise this up to $100m over ten years, but then George Soros added $50m in unconditional funding for INET.
-
Conference paper
Instability in Financial Markets: Sources and Remedies The View from Economic History
Apr 2012
Taking a long‐run view from economic history, I make three points about instability in financial markets. First, I argue that economic historians have a relatively good understanding of the proximate causes of financial crises.
-
Conference paper
Inequality and Employment
Apr 2012
“Natural rate theory” has dominated interpretations of economic trends and policy prescriptions over many decades. European-type welfare state institution were claimed to cause a compressed wage distribution that distorts otherwise well functioning labor markets.
-
Conference paper
Material intensity, productivity and economic growth
Apr 2012
Many models of economic growth exclude materials from the production function. Growing environmental pressures and resource prices suggest that this may be increasingly inappropriate.
-
Conference paper
Does the Effectiveness of Fiscal Stimulus Depend on Economic Context?
Apr 2012
The topic of this session of the INET conference is a question: does the effectiveness of fiscal policy in stabilizing an economy depend on the underlying economic context in which the policy is implemented?
-
Conference paper
Moving Towards Climate Justice: Overcoming Barriers to Change
Apr 2012
The present paradox, as ecological economist Bill Rees is fond of putting it, is simple yet profoundly troubling: “The ecologically necessary is politically infeasible, but the politically feasible is ecologically irrelevant.”
-
Does The Effectiveness of Fiscal Stimulus Depend on The Context? Balance Sheet Overhangs, Open Economy Leakages, and Idle Resources
Apr 13, 2012 | 10:15—12:05
The effectiveness of fiscal stimulus in promoting economic recovery appears to depend upon many factors.
-
Instability in Financial Markets: Sources and Remedies
Apr 13, 2012 | 10:00—12:05
What creates instability in financial markets? How does the weight of debt, the structure of expectations, or radical uncertainty contribute to instability?
-
Inequality and The Challenge of Employment
Apr 13, 2012 | 12:25—02:15
Inequality has been growing and destabilizing confidence in many countries in recent years.
-
New Economics, Climate Change, and New Models of Growth
Apr 13, 2012 | 10:15—12:05
Evidence of climate change is widely accepted by scientists.
-
Conference paper
Towards an Ecological Macroeconomics
Apr 2012
Three major crises are confronting the world. The first is the increasing and uneven burden of humans on the biosphere, and the observation that we have already surpassed the ‘safe operating space’ for humanity with respect to three planetary boundaries: climate change, the nitrogen cycle and biodiversity loss.