Finance
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Eurozone Crisis Was Caused More By Reckless Lending Than By Reckless Spending
Dec 5, 2016
Remedies have failed to produced growth and reduce indebtedness because they’re focused on protecting toxic behavior by banks in Europe’s core countries
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Volcker: Tackle the Unfinished Business of 2008
Dec 5, 2016
The Volcker Alliance has launched a series of new papers with important proposals for reforming financial regulations to guard against future crises
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Financial Crises
ConferenceShadow Banks, Short-term Debt, and Structural Issues
Dec 5, 2016
The Volcker Alliance and the Institute for New Economic Thinking convened a group of influential thinkers for a half-day forum to discuss regulatory and structural changes needed to ensure the stability and resilience of financial markets.
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Rapid Money Supply Growth Does Not Cause Inflation
Dec 2, 2016
Neither do rapid growth in government debt, declining interest rates, or rapid increases in a central bank’s balance sheet
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Why Economic Recovery Requires Rethinking Capitalism
Nov 15, 2016
Mission-oriented public investment is vital to spur a revival of private-sector investment
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China: Challenges for the Next Administration
Nov 15, 2016 | 04:00—05:30
A conversation with Isaac Stone Fish, Senior Fellow at the Asia Society’s Center for U.S. – China Relations and Asia Editor at Foreign Policy Magazine.
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Did the farm credit system change Americans’ thinking about credit?
Nov 7, 2016
Hoping to learn from other countries’ experiences in organizing finance for agriculture, more than 150 Americans were sent abroad in the summer of 1913 to investigate the minutiae of farm-credit systems in and around Europe.
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The Global Trade Slowdown is both True and Non-trivial
Nov 2, 2016
Economists offer widely different explanations for the decline in trade between nations, in a debate that remains unresolved but is increasingly urgent
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The World Economy’s Growing Debt Burden
Nov 2, 2016 | 04:00—05:30
A conversation with Richard Vague, Managing Partner at Gabriel Investments and Chairman of the Governor’s Woods Foundation.
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Easy Money is Dangerous Without Activist Fiscal Policy
Nov 1, 2016
Seven dangers of chronically low interest rates amid austerity and fiscal-policy phobia
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Working Paper Series
The EuroZone “Debt” Crisis: Another “Center” – “Periphery” Crisis Under Financial Globalization?
Nov 2016
This paper analyzes the Euro crisis in light of the experience of center-periphery relations over the last 40 years of renewed financial globalization.
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Secular stagnation, bubbles and the legacy of the contraceptive pill
Oct 28, 2016
Oral contraception created a population that, today, is disproportionately inclined to save, resulting in low to negative real interest rates. Excess eurozone savings can only be accomodated by raising sovereign debt levels
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Yellen Challenges Economists Amid Elusive Great Recovery
Oct 24, 2016
Like the Great Depression and the stagflation of the ’70s, the anemic growth of the U.S. economy can’t be understood or remedied without changes in economists’ thinking
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Working Paper Series
The Personal Wealth Interests of Politicians and the Stabilization of Financial Markets
Oct 2016
We examine whether personal wealth interests affect politicians’ decisions about stabilizing financial markets.
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Piecing Together a Paradigm
YSI Plenary
YSI
ConferenceOct 19–22, 2016
New approaches are being developed, but efforts are fragmented and need to be brought together if we hope to piece together a paradigm.