Macroeconomics
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Letter to SEC: How Stock Buybacks Undermine Investment in Innovation for the Sake of Stock-Price Manipulation
Apr 1, 2022
A comment on the Securities and Exchange Commission’s proposed rule “Share Repurchase Disclosure Modernization”
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Working Paper
Investing in Innovation: A Policy Framework for Attaining Sustainable Prosperity in the United States
Apr 2022
Business firms are not alone in making investments in the productive capabilities required to generate innovative goods and services. Household units and government agencies also make investments in productive capabilities upon which business firms rely for their own investment activities.
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We Are Entering a New Economic World
Mar 31, 2022
Economics Nobel Laureate Michael Spence discusses the profound changes that are rippling through the global economy as we emerge from the COVID recession, where economic growth will have to rely more on productivity gains instead of the incorporation of excess labor capacity and what this would mean for countries around the world.
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On the Origins of Economic Cycles (and the Appeal of Keeping Models Simple)
Mar 22, 2022
An alternative to Dynamic Stochastic General Equilibrium (DSGE) models
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Special Drawing Rights and Elasticity in the International Monetary System
Mar 15, 2022
How could the new SDR allocation help developing countries?
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Working Paper Series
After the Allocation: What Role for the Special Drawing Rights System?
Mar 2022
How could the new SDR allocation help developing countries?
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Resource Limits to American Capitalism & The Predator State Today
Feb 10, 2022
VIDEO
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Remembering Geoffrey Harcourt (1931 - 2021)
Dec 10, 2021
The INET community mourns Harcourt’s passing
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Should Central Bank Liquidity Provision Be a Vehicle for Fiscal Discipline?
Dec 8, 2021
By helping abate the liquidity crisis, incidences of banks becoming insolvent are reduced, and hence moral hazard in its severest form is minimized.
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Working Paper Series
Central Banks Caught Between Market Liquidity and Fiscal Disciplining: A Money View Perspective on Collateral Policy
Dec 2021
By helping abate the liquidity crisis, incidences of banks becoming insolvent are reduced, and hence moral hazard in its severest form is minimized.
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Experts on Inflation: Prognosis, Political Fallout and Who’s Really to Blame
Nov 18, 2021
Economists Claudia Sahm, Servaas Storm, and Pia Malaney share their views on the problem that has everyone freaking out. Here’s what it all means for your pocketbook – and your democracy.
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Trade and Development Backstory: The Struggle Over the UNCTAD 15 Mandate
Nov 10, 2021
Governments and civil society organizations must work together with UNCTAD to provide developing countries the tools — and the transformed governance regimes — they need to “build back better” through these challenging and difficult times.
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Halloween Is Over - Are Corporate Zombies Still Out There?
Nov 4, 2021
Swift reorganization or liquidation of insolvent businesses is the single best policy to deal with corporate debt booms.
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Working Paper Series
Zombies at Large? Corporate Debt Overhang and the Macroeconomy*
Nov 2021
Swift reorganization or liquidation of insolvent businesses is the single best policy to deal with corporate debt booms.
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Progressive Neoliberalism: Biden’s Economics, Distribution, and Inflation
Sep 30, 2021
What does Biden’s economic policy mean for the future?