Finance
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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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How GM’s $10-Billion Buyback May Ice Its EV Transition
Dec 18, 2023
Reindustrialization vs Financialization
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Is American Banking Safe? You Might Not Like The Answer from Two Fed Veterans
Dec 4, 2023
Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public from financial chaos
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What Does Mustard Gas Have in Common with Crypto and Blockchain?
Nov 20, 2023
In his new book, Let Them Eat Crypto, Peter Howson cautions that the technologies are not just fraudulent but causing indefensible harm to both humanity and the planet.
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Jim Chanos: “The Crypto Ecosystem Is Well-Suited for the Dark Side of Finance.”
Nov 9, 2023
The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber.
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Is Too Big to Fail Over?
Sep 22, 2023
We have made progress but not enough to forestall crises
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Creating the Post-2008 Global Safety Net: Fed Precedents, Instruments, and Targets
Sep 18, 2023
The “liquidity” support provided by the Fed to megabanks through cross-border lending in fact acted as subsidies
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Working Paper
Precedents, Instruments and Targets that the Fed Has Used to Create and Support a Postcrisis Global Safety Net
Sep 2023
Creating the post-2008 global safety net for mega-banks
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Reflections on the 15th Anniversary of the Lehman Brothers Failure
Sep 15, 2023
What lessons need to be drawn on this anniversary?
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The Lehman Disaster and Why It Matters Today
Sep 13, 2023
On September 15, 2008, Lehman Brothers, a giant investment bank with a storied history, filed for bankruptcy. The shock was profound; world markets melted down.
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The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility
Aug 21, 2023
Stock buybacks as a mode of predatory value extraction
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Working Paper
Why The Monetary Policy Framework in Advanced Countries Needs Fundamental Reform
Aug 2023
Monetary policy should be guided much more by financial sector developments and much less by near-term targets for inflation.
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Climate Finance: Where Does the Money Come From and Who Gets It?
Aug 7, 2023
Reaching climate goals means rich countries must invest in sustainable technologies in developing countries with huge energy needs.
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Central Banks, Green Finance, and the Climate Crisis
Jun 29, 2023
The tough policy choices ahead for confronting the climate crisis
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ER Doctor: "Private Equity in Medicine is Dangerous to Patients"
Jun 22, 2023
Dr. Ming Lin, and healthcare providers like him, are fighting to take back control of medicine from private equity firms that are gobbling up practices and facilities. Should Wall Street make life-and-death decisions based on the bottom line?