David Sirota joins Rob Johnson to examine the history and impact of money in U.S. politics, as explored in Sirota’s investigative podcast series, "Master Plan." Sirota discusses how a series of judicial rulings and policy changes since the 1970s enabled a system in which the voices of wealthy elites overshadow those of ordinary citizens.
Ever since 2016, INET researchers confirmed the significance of economic issues in Trump’s ascendency.
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Many voters, feeling disillusioned, are searching in vain for narratives that resonate with their experiences.
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The key role coal industrialists played in supporting and financing the eventual
Nazi triumph
The history of the political relations between Hitler and the NSDAP leadership and the German "coal industrialists" from 1926 to 1933
In his new book, Mindless, acclaimed economic historian Robert Skidelsky urges readers to pause and reflect on the delicate balance between advancing technology and our human essence.
Is the burden of distress in the banking sector shared equally among households, or is it distributed unevenly? Following the global financial crisis, the economic consequences of severe disruptions to the banking sector and the unequal impact of recessions have become a key concern of macroeconomic policy. This article examines how temporary banking sector losses affect households differently according to their income levels. The analysis reveals that low-income households bear most of the burden, while high-income households tend to be less adversely affected.
Why the E-DSGE Framework Is Not Fit for Purpose
and What to Do About It
The limitations of the
benchmark E-DSGE framework and how these limitations restrict the ability of this
framework to meaningfully capture the macroeconomics of the climate crisis.
This article analyses how monetary policy shapes the aggregate and distributional effects of an energy price shock. Based on the observed heterogeneity in consumption exposures to energy and household wealth, we build a quantitative small open-economy Heterogeneous Agent New Keynesian (HANK) model that matches salient features of the euro area data. The model incorporates energy as both a consumption good for households with non-homothetic preferences as well as a factor input into production with input complementarities.
