Macroeconomics
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Economics Needs Replication
Apr 23, 2013
The recent debate about the reproducibility of the results published by Carmen Reinhart and Kenneth Rogoff offers a showcase for the importance of replication in empirical economics.
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Reinhart and Rogoff Respond to Criticism
Apr 16, 2013
INET Advisory Board members Carmen Reinhart and Kenneth Rogoff today issued a response to recentcriticism of their paper “Growth in a Time of Debt.” Their response in full is below.
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Conference paper
Central Banks in Balance Sheet Recessions: A Search for Correct Response
Apr 2013
These are extraordinary times for central banks. Near zero interest rates and massive liquidity injections are still failing to bring life back to so many economies in the developed world.
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Conference paper
Economics and the Powerful: Faulty Analysis, Economic Advice, and the Imperatives of Power
Apr 2013
“Look! Up there in the sky! What is it? Is it a plane? Is it a bird?” No, it’s a distraction from the robbery that is taking place in broad daylight on the ground.
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Conference paper
The Future of Central Banking
Apr 2013
The exteriors of major central banks may be solid marble and doric columns, but, inside, monetary policy remains a work in progress.
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Economics and the Powerful: Faulty Analysis, Economic Advice and the Imperatives of Power
Apr 5, 2013 | 12:00—01:30
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The Future of Central Banking
Apr 5, 2013 | 02:30—04:30
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Financial Stability Working Group
Apr 5, 2013 | 08:30—10:45
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Conference paper
Poles Apart? Party Polarization and Industrial Structure in American Politics Now
Apr 2013
Only a few years ago, comparisons of American politics to opéra bouffe were not outrageously farfetched at least if you were not poor or sick.
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Conference paper
Austerity, Polarity and the Prospect of Regime Change: China
Apr 2013
Since the dawn of this millennium, and long before the current financial turmoil and the subsequent bitter pill of austerity therapy hit the Untied States and the European Union, the Chinese Communist Government has publicly recognized the monumental challenge of polarity.
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Austerity, Polarization, and the Prospect of Social Disorder
Apr 5, 2013 | 06:50—08:20
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Conference paper
A Keynes-IKE Model of Currency Risk: A CVAR Investigation
Apr 2013
A core puzzle in Önancial economics is the inability of standard risk-premium models to account for excess returns in currency and other asset markets.
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The Imperfect Knowledge Economics (IKE) Approach to Modeling An Open World
Apr 4, 2013 | 09:50—10:30
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Conference paper
The Law-Finance Paradox
Apr 2013
The global financial crisis led to the rediscovery of ‘fundamental uncertainty’. Incorporating uncertainty into the analysis of financial markets alters our understanding of how these markets operate and expose the two-faced role of law in finance.
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Conference paper
Rationality and the Meese and Rogoff Exchange-Rate-Disconnect Puzzle: Learning vs. Contingent Knowledge
Apr 2013
There is much anecdotal evidence in the popular media, backed up by survey research, that participants in currency markets pay close attention to fundamental economic variables in forming their forecasts of future exchange rates.