Macroeconomics
-
Private Debt Booms and the Real Economy: Do the benefits outweigh the costs?
Jun 21, 2019 |
-
Sectoral Credit and Financial Instability: Does the sectoral allocation matter for financial stability risks?
Jun 21, 2019 |
-
How can we measure risk exposure of banks and credit markets?
Jun 21, 2019 |
-
Is risk mispriced in credit booms, and if so, why?
Jun 21, 2019 |
-
Are better capitalized banking systems safer?
Jun 21, 2019 |
-
Credit Supply Shocks: Where do they come from, and what are their effects?
Jun 20, 2019 |
-
Credit Booms and Crises: what do historical bank-level data tell us?
Jun 20, 2019 |
-
Subprime Lending and the 2008 Crisis: Do we need a new narrative?
Jun 20, 2019 |
-
Was the US Great Depression a “Credit Boom Gone Bust?”
Jun 20, 2019 |
-
Could Household Debt Cause the Next Recession?
Jun 19, 2019
Steven Pressman says in the next few years, we could see rising interest rates bring about a recession
-
Rates of Return on Everything: A New Database
Jun 4, 2019
Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found
-
Modern Monetary Inevitabilities
May 31, 2019
For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.
-
Report
Macroeconomic Management Meets the New Economy
May 2019
A report of the Commission on Global Economic Transformation’s subcommittee on Macroeconomics & Finance
-
INET at the Trento Economics Festival
May 30, 2019
A collection of our research on populism, globalization and nationalism
-
Why We Need New Measures of Potential Output—and What They Tell Us
May 16, 2019
Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why