Industrial Policy Is a Good Idea, but So Far We Don’t Have One
The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.
Featured
Article | Laws, Private Debt
Overdraft Fees, Credit Card Late Fees, and the Lump of Profit Fallacy
Predetermined profit margins and prices hidden in the back end of a transaction are really just market failures.
By Darren Bush, Mark Glick, Gabriel Lozada, and Hal Singer
Article | Macroeconomics
Bernanke and Blanchard’s Obsession with the Wage-Price Spiral
Bernanke and Blanchard have made another failed attempt to salvage establishment macroeconomics after the massive onslaught of adverse inflationary circumstances with which it could evidently not contend.
Article | Government & Politics, Macroeconomics
Europe's New Fiscal Rules Harm Working People and Women, Boost Right-Wing Radicals
Behind bogus promises of job creation and economic growth lies a dangerous agenda to shred social safety nets.
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INET in Focus
Article | Health
The Global Pharmaceutical Industry Isn’t Investing in Products for the Greatest Burden of Human Disease - Are Non-Profits a Solution?
Programs for expedited review may be preferentially reducing the development costs for conditions with lesser disease burden, potentially making investments in addressing the most significant disease burdens even less appealing and exacerbating the market failure further.
By Payal Arya and Fred Ledley
Article | Macroeconomics
The European Union’s New Risk-Based Framework for Fiscal Rules – Overly Complex, Opaque and Self-Defeating
Article | Health
How Should the Government Negotiate Medicare Drug Prices? A Guide for the Perplexed
By Fred Ledley
Working Paper | Macroeconomics
Tilting at Windmills: Bernanke and Blanchard’s Obsession with the Wage-Price Spiral
How convincing is the model analysis by Bernanke and Blanchard? How empirically relevant are their mechanisms causing inflation – and how robust and plausible are their econometric findings?
Working Paper | Health
Considering Returns on Federal Investment in the Negotiated “Maximum Fair Price” of Drugs Under the Inflation Reduction Act: an Analysis
The empirical analysis of public sector investments and the health value created by the drugs selected for Medicare price negotiations provides a cost basis for the assessment of the maximum fair price.
By Edward W. Zhou, Paula G. Chaves da Silva, Debbie Quijada, and Fred Ledley
Working Paper | Macroeconomics
Monetary Policy and Illiquidity
It is not just all about banking system liquidity
Working Paper | History, Macroeconomics
Bagehot’s Classical Money View: A Reconstruction
Read in the context of his time, Bagehot’s book Lombard Street appears as an attempt above all to reveal the dynamic of globalization when global money was sterling.
Working Paper | Inequality & Distribution, Labor
Labor Market Volatility and Worker Financial Wellbeing: An Occupational and Gender Perspective
Research on labor market experience does not explain the link between the volatility low-wage workers encounter and their earnings and it leaves open numerous pressing questions, such as what, if anything, can be done to reduce racial and ethnic differences in economic well-being.
Working Paper | Inequality & Distribution, Private Debt
Mapping Fragility – Functions of Wealth and Social Classes in US Household Finance
Examining the crucial role of poverty and inequality in shaping household indebtedness.
Apr 11, 2024
Webinars and Events
Resolving Global Vaccine Inequity
The development of COVID-19 vaccines within a year of the emergence of SARS-CoV-2 was an unprecedented triumph of scientific research that saved millions of lives. In contrast, the lack of global coordination to manage intellectual property, technology transfer, production, financing, and distribution of vaccines led to excess deaths and losses in economic output.
Feb 20, 2024
Webinars and Events
Meeting of Young Minds in Frontiers of Economics (MYM)
Challenges And Emerging Perspectives
Feb 16, 2024
Webinars and Events
LEPC VI: Ideas for Building the Future
India: Climate Change, Technology, and Growth
Jan 18, 2024
Webinars and Events
Labor Market Volatility Today: From Understanding Volatility to Reducing Financial Insecurity
An expert panel will discuss the latest research on the experiences of workers facing volatility of their time and income, how this volatility impacts their financial outcomes over time, ways current policies help or hinder workers cope with labor market volatility, and other possibilities for change.
Oct 13, 2023
Webinars and Events
Political Economy of Contemporary South Asia
Two-day workshop on: Dialectics of Globalism and Nationalism, Inequality and Populism, Agrarian and Urban Crises, Data and Social Justice
Mar 28, 2023
Webinars and Events
Inclusive Development: Role of Employment and Environment
Inclusive development especially the role of employment opportunities in a changing world of work and the environment in envisioning inclusiveness
Apr 22, 2024
Apr 12, 2024
YSI projects are collaboratively organized by members of the community to explore topics in new economic thinking. Projects may be held virtually (discussions, webinars, reading groups) or in person (workshops, pre-conferences). Learn more about YSI here