Macroeconomics

Everyone at INET is saddened by the news that our colleague Lance Taylor passed away on Monday, August 15th, 2022. His loss leaves a giant hole in our hearts as well as in the field of economics. His talents and achievements were prodigious and we will miss his cheerful and inspiring presence. Words help little on such occasions, but we would like to extend our condolences to his wife Yvonne, and his children Signe and Ian.

The 5th UNCTAD YSI Summer School provides an opportunity to explore the Challenges and Opportunities of a New International Economic Order. The school will bring together UNCTAD experts, academics, diplomats, and young scholars from across the globe for lively and stimulating intellectual debates.

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

Stagnating real wages may have contributed to the slowdown of US productivity

A persistent regime of low wages may determine very negative long-term consequences on the economy.

Ratner and Sim’s “Who Killed the Phillips Curve – A Murder Mystery”

The depth of the U.S. securities market helps ensure dollar hegemony

James K. Galbraith responds on the U.S. dollar system

Evidence-based answers to the main (policy) questions concerning the return of high inflation

Are there alternative, less socially costly, ways to bring inflation down?

An obituary for Axel Leijunhufvud (Sept 6, 1933 - May 5, 2022)

The multipolar financial world is here. The United States can survive it – but only with major political and economic changes at home. It’s time to start thinking about what those need to be.

Contrary to the neoclassical loanable funds theory, historical bond yields show Keynes was right that “convictions” anchor long-term interest rates

Contrary to the neoclassical loanable funds theory, historical bond yields show Keynes was right that “convictions” anchor long-term interest rates