Finance

This research project develops an approach to policy analysis in the context of a macroeconomic model that does not assume that people in the economy forecast the economy’s future evolution under any given policy in the same way as the policy analyst’s own model does.

This research project develops, estimates, calibrates, and deploys a new class of stock flow consistent macroeconomic models to try to understand Ireland’s macroeconomic collapse since 2007.

We are in the midst of another global transformation, but this time we might have the tools to get it right.

Real Estate Investment Trusts (REITs) are considered “passive” investors and are exempt from corporate tax. But in reality, they play a very active role in reshaping whole industries, like healthcare.

Real Estate Investment Trusts (REITs) are considered “passive” investors and are exempt from corporate tax. But in reality, they play a very active role in reshaping whole industries, like healthcare.

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

Economic sanctions against Russia are adding to a major redistribution of income from workers and middle-class consumers to profits in international trade.

UNCTAD Director Richard Kozul-Wright and Kevin Gallagher, Global Development Policy professor at Boston University, discuss their book, The Case for a New Bretton Woods. Ever since the post-war economic order was dismantled beginning in the 1980s, a re-design of the global economic order has become increasingly urgent in light of the social and ecological crises that we face.

Evidence from Survey Data of Inflation Forecasts

Stock buybacks come at the cost of technological innovation

Where are the US and Europe now and where could they be going?

Analyzing corporate conference calls reveals the way that countries perceive and spread risk through the global financial system

Analyzing corporate conference calls reveals the way that countries perceive and spread risk through the global financial system

Large-sale debt relief for indebted households could be a game changer.