The Art of Paradigm Maintenance: How the ‘Science of Monetary Policy’ tries to deal with the inflation of 2021-2023
The re-emergence of inflation threw the ‘science of monetary policy’ off the rails. Do the new tweaks to the theory work?
The re-emergence of inflation threw the ‘science of monetary policy’ off the rails. Do the new tweaks to the theory work?
Post-Chicago Economists vs. New Brandeisians on the New Merger Guidelines
The economists are not what they seem.
What is GM CEO Mary Barra’s take-home pay? (It’s more than you are being told)
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Former Fed vice chair and Princeton University economics professor Alan Blinder takes a close look at what lessons still remain to be learned in the aftermath of the Great Financial Crisis.
Can finance stop hindering and start helping the green transition?
New INET Governing Board Member Announcement
Neva Goodwin, the former Co-Director of the Global Development and Environment Institute at Tufts University, has been appointed as a new member of the INET Governing Board. Her extensive background in ecological economics and in bringing real-world concerns to economic thinking will be an invaluable asset for INET’s ongoing work in challenging conventional economic wisdom.
We have made progress but not enough to forestall crises
What should we learn from events earlier this year at Silicon Valley Bank, Signature Bank, First Republic, and Credit Suisse? Do the “bailout” actions taken by the US and Swiss authorities indicate that Too Big to Fail is still with us? Have we made no progress at all since the collapse of Lehman Brothers? Are we primed for another big financial crisis?
Professor Rebeca Gomez Betancourt explores the transformative roles of pioneering women like Charlotte Perkins Gilman and Hazel Kyrk in the field of economics.
What lessons need to be drawn on this anniversary?
The failure of Lehman Brothers cannot be treated as a standalone event. It was one incident in a longer-term process in which government policies – monetary, regulatory, and safety net policies especially - were steadily increasing systemic risks and making significant crises almost inevitable.