World
August 29, 2024
AnalysisTaking Money Seriously
Challenging orthodox assumptions of money neutrality
The relationship between money world and the concrete social and material world is a long-standing, though not always explicit, question in the history of economic thought. Do the money payments and prices we see all around us have their own…
Varieties of Derisking
Industrial policy, macrofinance, and the green transition
In recent years, the debate over climate policy has moved away from the earlier consensus in favor of carbon pricing and towards an investment-focused approach, illustrated by the passage of the Inflation Reduction Act (IRA), along with other similar measures…
October 12, 2022
InterviewsWho Pays for Inflation?
A conversation on monetary policy, labor, and the definition of inflation
The inflation of the past year has reshaped the political economic landscape in the United States and around the globe. While the IMF and World Bank echo UN calls about the recession risk of globally-synchronized rate hikes, the debate over…