Government & Politics
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Roiling India Politics Risks Economic Reforms
Jan 24, 2014
India’s economic leaders are determined to rein in skyrocketing inflation, but the country’s volatile political landscape may prevent reforms from taking hold.
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Winter School on Law and Finance
WorkshopJan 5–8, 2014
The Institute will host the Winter School on Law and Finance at Columbia University’s Global Center in Paris on January 6-9, 2014.
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Finance to Support Growth
Dec 12, 2013
What is most demoralizing to participants in the financial markets? Falling prices? Constant volatility? How about a vacuum of trust?
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Mazzucato and Kaletsky Debate U.K. Mortgage Plan on BBC
Nov 27, 2013
The Bank of England took the first step in putting the brakes on the surging property market as it scrapped the United Kingdom’s flagship initiative that encourages mortgage lending, introduced earlier this year by Treasury minster George Osborne.
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Economic Policy Must Address Excessive Private Sector Leverage
Nov 6, 2013
Adair Lord Turner, former Chairman of Great Britain’s Financial Services Authority and current Senior Fellow at the Institute for New Economic Thinking, will argue in a keynote address to the Federal Reserve Bank of Chicago on Thursday that central banks must be equipped in future to address the dangers of excessive private sector leverage, using both pre-emptive interest rate policy and macro-prudential policy tools.
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America’s Debt-Ceiling Debacle
Oct 22, 2013
When Greece’s sovereign-debt crisis threatened the euro’s survival, U.S. officials called their European counterparts to express bewilderment at their inability to resolve the issue.
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What You Can Do to Protect Yourself Against a Totally Unnecessary U.S. Government Default
Oct 14, 2013
If Congress and the White House fail to raise the debt ceiling this week and the United States defaults on its debt, what can we expect and how can we protect ourselves against these events?
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What is Economic Success?
Oct 11, 2013
“You are now leaving the world as you know it.”
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Trade Deals Must Allow for Regulating Finance
Oct 2, 2013
World leaders who are gathering for the APEC summit next week had hoped to be signing the Trans-Pacific Partnership Agreement (TPP). The pact would bring together key Pacific-rim countries into a trading bloc that the United States hopes could counter China’s growing influence in the region.
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Current Account Rebalancing Since the Crisis
Sep 19, 2013
A look at the large role the trade deficit of the United States has played since the 1980s.
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The Financial World Five Years after Lehman Brothers
Sep 16, 2013
What have we learned about the American political economy from the crisis and its aftermath?
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Conference paper
The Two Innovation Economies: Follower and Frontier
Sep 2013
Can China lead the way on innovation?
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The Good Life The Challenge of Progress in China Today
ConferenceSep 7–8, 2013
Every nation faces the challenge of imagining what a good life means. Sound nutrition, shelter, health care, personal safety, social stability, security of savings, clean air and water, and the development of children are among the elements of what many envision as vital to a happy and healthy society.
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When Is the Time for Austerity?
Jul 26, 2013
Recent austerity policies have been guided by ideology rather than research. This column discusses research that reconciles disparate estimates of fiscal multipliers in the literature. It finds that common identification assumptions are problematic. Matching methods based on propensity scores show how contractionary austerity really is, especially in economies operating below potential.
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Why Austerity Theory is the Economist's Atomic Bomb
Jul 9, 2013
Economic theories are powerful things, to be used and misused. Those who write economic theory and do economic policy need to be aware of the consequences of what they are doing.