Macroeconomics
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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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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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Unemployment Insurance Extension During Great Recession Did Not Destroy Jobs
Oct 13, 2016
Social safety nets don’t always need to come with a dark side
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Investigating ‘Secular Stagnation’
Oct 13, 2016
Institute for New Economic Thinking launches a far-reaching research effort into causes and potential remedies for the low-to-no-growth malaise afflicting many of the world’s leading economies
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New Nationalist Challenges to Globalization: The Good, Bad, and Ugly
Oct 13, 2016 | 06:00—07:30
A conversation with Robert Johnson, President of the Institute for New Economic Thinking, former Managing Director for Soros Fund Management and former Chief Economist of the US Senate Banking Committee.
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The Dangers of Financialization
Oct 10, 2016
The financial system no longer funds new ideas and projects — only about 15 percent of the money coming out of financial institutions goes into business investment; the rest is spent buying and selling existing financial instruments.
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Escaping the New Normal of Weak Growth
Oct 7, 2016
Eight years after the crisis erupted, what the global economy is experiencing is starting to look less like a slow recovery than like a new low-growth equilibrium. With monetary policy unable to stimulate demand, or even inflation, it’s time for fiscal authorities to relieve the burden on central banks.
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Commentary
The “Natural” Interest Rate and Secular Stagnation: Loanable Funds Macro Models Don’t Fit the Data
Oct 2016
The main point of this paper is that loanable funds macroeconomic models with their “natural” interest rate don’t fit with modern institutions and data. Before getting into the numbers, it makes sense to describe the models and how to think about macroeconomics in the first place.
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Turner: Why Macroeconomic Policies are Failing
Sep 29, 2016
In a Bloomberg Markets Most Influential Summit Debate, Institute board chairman Adair Turner explains why extraordinary monetary policy isn’t working
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Rethinking Macroeconomic Theory Before the Next Crisis
Sep 23, 2016
While many countries throughout the world have faced severe financial crises over the last decades, and while the Japanese stagnation and the 1997 Asian financial crisis did induce some additional interest for the introduction of banking and finance in macroeconomic theory, it is only with the advent of the US subprime financial crisis that macroeconomic and monetary theories put forward by mainstream economists have started to be questioned.
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The Outlook for the Global Economy
Sep 22, 2016 | 06:00—07:30
An exclusive conversation with Richard Batley, Head of Macroeconomics at Lombard Street Research.
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Monetary Policy in a Post-Crisis World: Beyond the Taylor Rule
Sep 9, 2016
We know about emergency lending, but what we are missing is the macroeconomic framework to guide a new rule for stabilization policy
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Monetary Policy Family Reunion at Jackson Hole
Aug 31, 2016
Like any family reunion, the Jackson Hole Economic Symposium may have been as significant for what was said as it was for what was not discussed