Macroeconomics
-
Working Paper Series
Payment vs. Funding: The Law of Reflux for Today
Feb 2020
The central bank today is not just the government’s bank, but also a bankers’ bank, a truly hybrid institution
-
Demand-Side Secular Stagnation of Productivity Growth
Jan 30, 2020
Without new economic thinking, macro policy will retain its deflationary biases and secular stagnation remains the ‘normal’.
-
Working Paper Series
The Secular Stagnation of Productivity Growth
Jan 2020
This paper argues that it is a mistake to dismiss secular demand stagnation as main cause of declining potential growth in the OECD.
-
How The Troika Runs Europe
Jan 22, 2020
The European Commission, the European Central Bank, and the IMF are the continent’s austerity police
-
Modeling the Financial System with a Corn Economy – “misleading and disastrous”
Jan 3, 2020
A critique of Mankiw’s Macroeconomics
-
Years granted:
2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020
INET Taskforce in Macroeconomic Efficiency and Stability: Networks and Externalities
The INET Taskforce in Macroeconomic Efficiency and Stability, chaired by Professor Joseph Stiglitz, focuses on the inefficiencies and instabilities that arise from the interaction of agents and institutions operating in networks and from pervasive macro-economic externalities, as well as on the macroeconomic inconsistencies that may result from those interactions.
-
Repo Madness: Fed Plumbing Gone Awry
Nov 26, 2019
Repeat after me: How much pipe should Fed plumbers lay if Fed plumbers like to lay pipe?
-
The Stormy Birth of “Europe”
Nov 7, 2019
National States and Conflicting Economic Priorities in the Making of the European Monetary System
-
Working Paper Series
The Political Economy of Europe Since 1945: A Kaleckian Perspective
Nov 2019
This paper analyzes the early stages of the formation of the Common Market.
-
Working Paper Series
Europe 1957 to 1979: From the Common Market to the European Monetary System
Nov 2019
This essay deals with the contradictory dynamics that engulfed Europe from 1959 to 1979, the year of the launching of the European Monetary System.
-
Working Paper Series
From the EMS to the EMU and...to China
Nov 2019
This essay deals with the EMS experience and its failure, with the Maastricht Treaty, and with the interregnum leading to the formation of the EMU in 1999.
-
Not So Modern Monetary Theory
Oct 31, 2019
Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes
-
Working Paper Series
Synthetic MMT: Old Line Keynesianism with an Expansionary Twist
Oct 2019
Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes
-
Measuring Economic Democracy
Oct 9, 2019
GDP doesn’t tell the whole story—Robert McMaster explains the Economic Democracy Index
-
Secular Stagnation: The Limits of Conventional Wisdom
Oct 1, 2019
Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth