We support dynamic research that can help solve the great economic and social challenges of the 21st century. INET’s research is interdisciplinary, incorporating concepts from history, political science, and the humanities.
Research Papers
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Working Paper
Hitler and the German Coal Industrialists: Passing the Keys to A Kingdom
Nov 2024
The history of the political relations between Hitler and the NSDAP leadership and the German “coal industrialists” from 1926 to 1933
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Woking Paper
Macroeconomic Modeling in the Anthropocene
Oct 2024
Why the E-DSGE Framework Is Not Fit for Purpose and What to Do About It
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Working Paper
Concentrating Intelligence: Scaling and Market Structure in Artificial Intelligence
Oct 2024
The decisions we make now about the governance of AI will have profound implications for the future of our economy and society.
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Working Paper
Good Policy or Good Luck? Why Inflation Fell Without a Recession
Sep 2024
A major factor in the decline of inflation is the simple fact that America’s workers were, in general, unable to raise their nominal wages in line with the rise in the cost of living
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Working Paper
Setting Pharmaceutical Drug Prices: What the Medicare Negotiators Need to Know About Innovation and Financialization
Sep 2024
Medicare negotiators need to have a deep understanding - both theoretical and empirical - of the learning processes involved in developing a drug to negotiate a price that is fair.
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Working Paper
Tesla as a Global Competitor: Strategic Control in the EV Transition
Sep 2024
As the “Technoking” of Tesla strategizes to maintain his control over the company’s decision-making, anyone concerned with the role that Tesla will play in the evolving EV transition should be asking how CEO Musk might use, or abuse, his powerful position.
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Working Paper
Scale and Scope in Early American Business History: The “Fortune 500” of 1812
Aug 2024
By 1812 the U.S. already had more business corporations than any other country, and possibly more than all other countries put together, securing its role as the world’s first “corporation nation.”
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Working Paper
Implications of the Inflation Reduction Act for the Biotechnology Industry
Jul 2024
Sensitivity of investment and valuation to drug price indices and market conditions
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Working Paper
The Diffusion of New Technologies
Jul 2024
The concentration of innovation in a handful of urban centers engenders large and persistent regional disparities in economic opportunity.
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Working Paper
Trump versus Biden: The Macroeconomics of the Second Coming
May 2024
The current paper returns to the key questions of wages and incomes and how wealth effects cripple reliance on interest rates to control inflation.
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Working Paper
Tilting at Windmills: Bernanke and Blanchard’s Obsession with the Wage-Price Spiral
Apr 2024
How convincing is the model analysis by Bernanke and Blanchard? How empirically relevant are their mechanisms causing inflation – and how robust and plausible are their econometric findings?
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Working Paper
Considering Returns on Federal Investment in the Negotiated “Maximum Fair Price” of Drugs Under the Inflation Reduction Act: an Analysis
Mar 2024
The empirical analysis of public sector investments and the health value created by the drugs selected for Medicare price negotiations provides a cost basis for the assessment of the maximum fair price.
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Working Paper
Monetary Policy and Illiquidity
Jan 2024
It is not just all about banking system liquidity
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Working Paper
Bagehot’s Classical Money View: A Reconstruction
Jan 2024
Read in the context of his time, Bagehot’s book Lombard Street appears as an attempt above all to reveal the dynamic of globalization when global money was sterling.
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Working Paper
Labor Market Volatility and Worker Financial Wellbeing: An Occupational and Gender Perspective
Jan 2024
Research on labor market experience does not explain the link between the volatility low-wage workers encounter and their earnings and it leaves open numerous pressing questions, such as what, if anything, can be done to reduce racial and ethnic differences in economic well-being.