Articles

Articles and analyses from the INET community on the key economic questions of our time.

Article

Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy

Sep 11, 2019

In a post co-authored with Anna Stansbury, Larry Summers repudiates economic orthodoxy in regard to whether interest rate cuts suffice to restore full employment and looks at a more “original” Keynesianism to find adequate responses to secular stagnation. Tracy Mott walks us through answers many careful readers of Kalecki, Keynes, Steindl, and Minsky knew all along.

Article

Ideology is Dead! Long Live Ideology!

Aug 12, 2019

Economists like to say they’re immune from ideological influence. Our research shows the opposite.