Articles
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New Paradigm Registration: VIII New Paradigm Workshop
Register now for our next workshop "On the future of the German economic model II - Prospects for the next legislative term"
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Innovation Lab Video – New Economy Short Cut – Top economists argue over top textbooks
Peter Bofinger has caused quite a stir with his criticism of two of the most legendary economics textbooks - now he had the chance to argue with the author, Greg Mankiw himself, about the famous textbooks. The two were joined on the panel by Anna Reisch and Rudi Bachmann.
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Globalization New Economy Working Paper – How to reduce Germany’s current account surplus
Trump will go. But what about US complaints about Germany’s export surplus? Probably not, argue Achim Truger, Jan Behringer and Till van Treeck in an upcomming Op-Ed for the SZ which is based on a study for Forum New Economy.
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Climate Expert-Seminar – The transformation of the automobile industry in Germany
On 24 February, Forum New Economy is organising an online expert seminar on the transformation of the automobile industry. What impact does the transport turnaround have on car regions and employment?
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New Paradigm Retrospect and outlook 2021
We take a look at what the past year has meant for us, as a Forum, and for us all - and give you a glimpse of the exciting projects we are planning for 2021.
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The State A Debt Brake for the 21st Century
In a newly published piece on Makronom, Philippa Sigl-Glöckner lays out her formula for a reform of the German debt brake.
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Inequality New Studies out now: What Drives Inequality in Germany?
In a two-part study commissioned by Forum New Economy, Charlotte Bartels and Carsten Schröder investigate the state of inequality and its drivers.
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Corona Crisis New Economy Working Paper – Change only through crisis?
A new study by Laurie Laybourn-Langton reflects on the strategies for a paradigm shift in an age of coronavirus and environmental breakdown.
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New Paradigm Re-live – New Economy Short Cut with James K. Galbraith – Will Joe Biden bring the Green New Deal?
Green New Deal or stagnation in the old world? What does the upcoming Biden-presidency mean for the economic outlook of the US? Watch the video with James K. Galbraith here.
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New Paradigm Normalcy or (Green) New Deal? Joe Biden’s Economic Team and the prospects for a paradigm change
The economists that will be working for the president elect will likely focus on strengthening the power of labor, but will it be an all-encompassing paradigm shift?
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Europe Preview: Should Germany issue perpetual bonds for European solidarity? – Discussion of the proposal by George Soros
On December 4 at 4 pm CET, INET and the Young Scholars Initiative will host a discussion on the future of European fiscal capacity.
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The State Mariana Mazzucato & Rainer Kattel in the FAZ: “The State must do better”
In a guest article for the Frankfurter Allgemeine Sonntagszeitung, Mariana Mazzucato and Rainer Kattel plead not for more or less state, but for a better one.
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The State New Economy Working Paper – Challenge-driven economic policy – A new framework for Germany
A new study by Mariana Mazzucato and her team from the Institute for Innovation and Public Purpose at University College London
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The State New Economy Working Paper out – A new paradigm for Germany’s fiscal policy after Corona
A new study by Michael Hüther (IW Köln) and Jens Südekum (DICE) looks into the past and the future of the German debt brake.
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New Paradigm Favorite Readings for a New Paradigm – Autumn 2020
Every three months Forum New Economy is showcasing a hand full of selected research papers that lead the way towards a new economic paradigm.
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The State Video – New Economy Short Cut on the US Election Outcome
The US-citizens voted in what is deemed to be one of the most important elections of western democracies. We discussed the (preliminary) result with Katharina Pistor and Rüdiger Bachmann at November 4 from 3pm CET onwards.
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Innovation Lab Robert J. Shiller on “Narrative Economics – How Stories Go Viral and Drive Major Economic Events”
The Nobel Prize-winning economist explains the idea behind his research on economic narratives and enumerates the main findings included in the book.
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New Paradigm The Future of the German Economic Model: All Studies in Brief
The Wirtschaftsdienst has published an abridged version of the studies commissioned by the Forum New Economy from Michael Hüther, Jens Südekum, Marianna Mazzucato, Charlotte Bartels, Achim Truger, Till van Treeck and many more.
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New Paradigm Forum New Economy and Wirtschaftsdienst: Does Germany need another economic model?
Is the German economy prepared for the tasks of our time? Thomas Fricke details what the Forum New Economy discussed at the seventh New Paradigm Workshop and what it identifies as the pressing issues lying ahead.
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Innovation Lab Video – New Economy Short Cut on Job Guarantee Programs
Why do we accept unemployment as a given in our economies? Together with Pavlina Tcherneva and Dirk Ehnts we discussed this incremental question. Rewatch the session here and read up on our comment of her book.
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New Paradigm Changing directions – IMF´s new World Economic Outlook
Is this the time for a paradigm change? A closer look at the newly released WEO of the IMF hints that a reconsideration of the old narratives may be under way.
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Innovation Lab Forum New Economy book presentation: Robert Shiller on Economic Narratives
On October 29 we welcomed Nobel laureate Robert Shiller to talk about his new book "Narrative Economics: How Stories Go Viral and Drive Major Economic Events".
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New Paradigm Preview: New Economy Short Cut with Pavlina Tcherneva and Dirk Ehnts
On 26 October at 6 pm CET we will discuss job guarantee programmes with MMT experts Pavlina Tcherneva and Dirk Ehnts.
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Europe Recap and Video: Forum Seminar – A European Hamilton Moment
What is a "Hamilton Moment" and did the EU have its own during the corona crisis? Together with renowned experts from the finance ministries of France and Germany, the Forum discussed this on Wednesday, October 7. in an expert seminar.
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Uncategorized Heads up – NAEC conference on Confronting Planetary Emergencies
A short preview of what will be the focus of discussion at the upcoming conference organised by NAEC and P4NE and a warm invitation to register for the event.
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Corona Crisis Highlights: Prospects for Germany beyond Corona: role model or sick person?
An excerpt of the discussion among Maja Göpel, Véronique Riches-Flores, Holger Schmieding and Marcel Fratzscher on the efficacy of Germany´s answer to the Corona crisis and what awaits the country after the pandemic
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New Paradigm Review of the workshop on the future of the German economic model
Almost 60 speakers joined us in analysing the future of the German economic model. What was remarkable? What do we take away with us and what remains to be done?
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Europe Highlights – Thomas Piketty on the German ideology and the renovation of Europe
We summarize the keynote of Thomas Piketty at the 7th New Paradigm Workshop and his discussion with Moritz Schularick and Veronika Grimm.
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The State Highlights – A Talk between Joseph E. Stiglitz and Olaf Scholz
We summarize the talk at the 7th New Paradigm Workshop between Nobel laureate Joseph Stiglitz and Federal Finance Minister Olaf Scholz from the SPD.
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Corona Crisis Forum New Economy and Forsa: Majority of Germans support interventions in the economy
A Forsa survey commissioned by the Forum New Economy shows high approval for corona measures of the German government and a need for action in the economic system.
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Inequality House ownership makes wealthy – especially in the West of Germany – The Forum New Economy Der Spiegel
One becomes wealthy in the Federal Republic with enterprises or real estate. But even 30 years after reunification, the East still lags behind the West when it comes to ownership of apartments and houses. This is shown in a study by DIW researchers commissioned by the Forum New Economy.
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New Paradigm The Forum New Economy in the media
Around the large workshop on the future of the German economic model, the Forum New Economy presented numerous studies and surveys. These were included in some articles in the media. Here you can find an overview of German newspaper articles.
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New Paradigm Re-live: Corona and its lessons: Which understanding of the state will make Germany successful?
Hardly anyone was as much in focus during the crisis as Health Minister Jens Spahn. How has the crisis changed his understanding of a functioning state? Here is his keynote speech and the discussion in the re-live.
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New Paradigm Re-live: 30 years after unification – Does capitalism need an overhaul?
SPD co-leader Norbert Walter-Borjans debated the state of German capitalism at our workshop with Lisa Paus, Johannes Vogel and Dalia Marin. Here you can rewatch the discussion.
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New Paradigm The future of the German model – a preview of the workshop-highlights
News on inequality, a new German industrial policy, the end of the debt brake - and an exclusive survey on the crisis of capitalism. A guided tour in advance.
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New Paradigm Quick & New: INET-Book presentation – Inequality from Reagan to Trump
Lance Taylor and Özlem Ömerpresent their new book on the history of macroeconomic inequality in the USA from Reagan to Trump.
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Innovation Lab Beyond Growth: Towards a New Approach
The OECD has published a new report by Michael Jacobs, prepared for New Approaches to Economic Challenges (NAEC), September 2020.
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New Paradigm Preview: VII New Paradigm Workshop – On the future of the German economic model
30 years after German unification, we will host our next workshop on the future of the German model. The seventh New Paradigm Workshop will take place from September 28 to 30, virtually and hopefully in Berlin.
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Globalization Video: New Economy Short Cut with Matt Klein and Till van Treeck
In the fourth edition of our New Economy Short Cuts we discussed Germany's current account surplus with Matt Klein and Till van Treeck. Watch the video here.
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New Paradigm Favorite Readings for a New Paradigm – Summer 2020
Every other month Forum New Economy is showcasing a hand full of selected research papers that lead the way towards a new economic paradigm.
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Innovation Lab Video: New Economy Short Cut with Mark Blyth and Eric Lonergan
In the third edition of our Short Cuts we had the pleasure of hosting Mark Blyth and Eric Lonergan to talk about their new book "Angrynomics".
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New Paradigm Open Letter: Prominent Economists Demand End of Carbon Economy
Numerous renowned economists such as Mariana Mazzucato, Gabriel Zucman, Joseph Stiglitz and Dani Rodrik have published a joint letter in which they call for a fundamentally new economic approach.
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Innovation Lab Measuring What Matters – A GDP Critic
Joseph Stiglitz describes the problematic focus on GDP when measuring the well-being of societies. He advocates for the use of a dashboard with individual indicators for each country.
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Globalization The Fall of the Wall and the “Schwarze Null” – Understanding Germany’s Surplus
Review of Chapter 5 in Michael Pettis' and Mathew Klein's “Trade Wars are Class Wars” by Marc Adam
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The State BMWi-Beirat empfiehlt Erhöhung der Mittel für öffentliche Investitionen
Ein Gutachten des Wissenschaftlichen Beirats beim Bundesministerium für Wirtschaft und Energie stellt fest, dass in Deutschland schon seit vielen Jahrzehnten deutlich zu wenig in die öffentliche Infrastruktur investiert wird.
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New Paradigm Kapitalismus am Pranger – mehr als Gejammer
Mehr als die Hälfte der Deutschen zweifelt am Kapitalismus – das bringt auch die FAZ ins Grübeln. Ein Auflösungsversuch.
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Europe The Global Consequences of Germany’s “Educational Imperialism”
Matthew Klein describes how Germany's export strategy is damaging Europe and the rest of the world.
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Inequality DIW-Study Shows Unimagined Level of Inequality
Wealth inequality in Germany is even higher than estimated. That shows a new DIW-study which uses a new data mechanism.
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Globalization Quick & New: Dani Rodrik – Why Does Globalization Fuel Populism?
A new working paper by Dani Rodrik models the link between globalization and populism
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The State Toward a New Fiscal Constitution
Mariana Mazzucato and Robert Skidelsky call for a new and mission-oriented fiscal constitution. They advocate for new indicators and the implementation of Job Guarantee Programmes.
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Innovation Lab Book Recommendations from the World of Economics
Martin Wolf selects the best books for the summer vacation from the world of economics. From MMT over Trade Wars up to every facet of inequality. Everyone can find something here.
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Corona Crisis New Economy Short Cuts with Kristian Blickle (New York Fed)
Kristian Blickle will present a new version of his working paper "Pandemics Change Cities: Municipal Spending and Voter Extremism in Germany, 1918-1933".
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Inequality Wie ungleich Deutschland wirklich ist
Ist das Auseinanderdriften von Einkommen und Vermögen real – oder nur Panikmache? Darüber wird hierzulande seit Jahren gestritten. Das Forum New Economy hat führende Forscher beauftragt, die empirische Evidenz zusammenzustellen. Erster Teil der Studie.
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Corona Crisis New Economy Short Cuts with Sebastian Dullien
Sebastian Dullien (IMK) gave an assessment of the impact of the economic stimulus package at the start of our new format "New Economy Short Cuts". The recording is available here.
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Innovation Lab A Market for Values and its role in reconciling capitalism and democracy, economics and ethics
In a guest contribution for Forum New Economy, Marco Senatore, Senior Civil Servant at Italy's Department of the Treasury discusses his notion of a market for values.
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Corona Crisis Quick & New: Narratives and Szenarios in the post-Corona world
Does the crisis trigger a transformation process or will everything go back to normal? Hannes Böhm and Valentin Sagvosdkin describe the importance of narratives for the time after the crisis.
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Finance Ann Pettifor – Green New Deal: Warum wir können, was wir tun müssen
In ihrem neuen Buch beschreibt die britische Ökonomin und Finanzexpertin Ann Pettifor einen „Green New Deal“, der weit über den derzeitigen Vorschlag der Europäischen Kommission hinaus geht.
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Corona Crisis Larry Summers talked to NAEC (OECD)
Our cooperation partner NAEC (OECD) invites you to a conversation with former US Treasury Secretary Larry Summers. You can find the recording here.
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Inequality The State of Inequality in Germany
What are the recent trends in income, consumption and wealth inequality in Germany? Charlotte Bartels and Carsten Schröder review the literature in a new study commissioned by Forum New Economy.
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Inequality Inequality of what?
As there are many critical choices made when measuring inequality, this post reviews the important methodological choices, including that of the reference unit (e.g., individual vs. households) and of the data source (e.g., administrative vs. survey data). By Charlotte Bartels and Carsten Schröder.
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Globalization Digital Global Solutions Summit: Global Table
The Future of Multilateralism and Global Governance - Curated and produced by Forum New Economy
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Corona Crisis GroKo-Paket bleibt hinter Möglichkeiten zurück
So gut das Konjunkturpaket der Bundesregierung wirken mag – mit der Summe hätte mehr erreicht werden können. Von Sebastian Dullien
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New Paradigm Von Falken zu Tauben? Deutschlands neue Generation von ÖkonomInnen
Mit dem Deutsch-Französischen Vorschlag eines Wiederaufbauplans zeigt sich, dass sich über die letzten Jahre ein neue Riege von Ökonomen und Ökonominnen in den Vordergrund gespielt hat - schreibt Caroline De Gruyter im euobserver.
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Corona Crisis The way out of the crisis – all news about a possible recovery plan
The German government has decided on an economic stimulus package of 130€ billion. Achim Truger and Michael Hüther evaluated individual measures in advance. Laurence Tubiana and Emmanuel Guerin insist on the importance of the Green Deal for reconstruction.
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New Paradigm The Gradual Encroachment of Ideas – Lessons from the past paradigm shift
A Forum New Economy Working Paper by Laurie Laybourn-Langton.
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New Paradigm INET Event: Europe’s Hamiltonian Moment…or the Beginning of the End?
Laurence Boone, Moritz Schularick and Adam Tooze discussed the impact of the COVID-19 crisis on the Eurozone and how the new proposal will affect the outlook of the EU.
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Europe German-French alternative to Euro-Bonds
What's behind Merkel and Macron's 500 billion-dollar proposal. Our update on the reconstruction plans for Germany and Europe.
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New Paradigm Quick and New: The Death of the Central Bank Myth
"For decades, monetary policy has been treated as technical, not political. The pandemic has ended that illusion forever." writes Adam Tooze in Foreign Policy. Our update from the new paradigm community.
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New Paradigm Wenn Ökonomen über ein Virus streiten – und mancher abdriftet
Eine Polemik, aufgeschrieben und gesammelt vom Medienportal „Übermedien“ – und eine Antwort von Rüdiger Bachmann
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New Paradigm Laudatio für die Träger des Hans-Matthöfer-Sonderpreises 2020
Im März haben Sebastian Dullien und Michael Hüther für ihren gemeinsamen Plan zu einem langfristigen Investitionsplan für Deutschland den Hans-Matthöfer-Preis bekommen. Warum? Die Laudatio von Thomas Fricke.
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Europe German Constitutional Council confuses Europe
Katharina Pistor, Peter Bofinger and Mark Schieritz sharply criticise the ruling of the Federal Constitutional Court. They argue that the court seems to be insensitive to the political implications and appears economically ill-advised.
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Uncategorized Quick & New: Partners for a New Economy searches Director
Partners for a New Economy (P4NE) is an international donor collaborative that wants the economic system to generate positive environmental and social outcomes. They are searching for a new Director.
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Corona Crisis Corona Workshop Video: Fiscal Policy – Will the Trillions be enough?
Robin Brooks, Frank van Lerven, Antonella Stirati and Shahin Valleé discuss the fiscal capacities of countries hit by the corona virus and lay out what needs to be done next.
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Corona Crisis Central banks to the rescue? Is this the time for helicopter money?
Corona Workshop: Over the last four decades central banks have been almost exclusively mandated with the task of macroeconomic stabilization. Can they still do their job? We discussed this with Eric Lonergan, Martin Hellwig, Peter Bofinger and Daniela Gabor.
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Corona Crisis Corona Workshop Video: Real Economy Crisis – Towards the Great Corona Depression?
Nicola Brandt, Sebastian Dullien, Stephen Kinsella and Jens Südekum discuss the real-economic effects of the Corona crisis.
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Corona Crisis VIDEO: Introduction to The Corona Economic Shock
Introductory remarks by Thomas Fricke and Gerhard Schick on the state of the economy and a plan to cope with the crisis.
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Corona Crisis Highlights and Quotes of the Corona Workshop
How dramatically does the Corona crisis threaten to become economically and financially still? Will the aid be enough? And will the world be the same as before?
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Corona Crisis Eurozone – Time for Eurobonds?
Corona Workshop: A summary of the session "Eurozone - is this the time for Eurobonds?" (Video included) during our Corona Economic Workshop on 22 April. Simon Tilford has assembled quotes and analyzes the discussion during the session.
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Corona Crisis The Corona Crisis – Is this the time for Helicopter Money?
Marc Adam explains the concept of helicopter money and analyzes the discussion around it. Input for the session on central bank action during the corona crisis.
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Corona Crisis LIVESTREAM: Forum New Economy Workshop on 21/22 April
International video conference on the Corona economic shock, the short-term urgency and long-term prospects, on 21/22 April.
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Corona Crisis Economists against Euro-Agreement
In Italy, 101 economists have recommended that the government simply should not agree to the latest Eurogroup proposals. A documentation.
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Corona Crisis The forgotten history of European Community debt
Sebastian Horn, Josefin Meyer, Christoph Trebesch show that since the 1970s, the European Commission has placed more than a dozen community bonds on private markets, which were guaranteed by the member states and distributed to countries in crisis.
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Corona Crisis One Policy is not Enough – Proposals for the EU
What is the EU's coherent response to the Corona crisis? For days the advantages of the ESM or Euro-bonds have been discussed. In the meantime there is a consensus that a single measure will not suffice.
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Corona Crisis Simon’s Blog: America Is Having an Unemployment Apocalypse. Europe Chose Not to.
A trans-Atlantic chasm has opened up on pandemic labor policy. We’ll soon know which side got it right.
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Finance The Conflict of Interest on the Financial Market in Europe
How far can policymakers stretch the mandate of the ECB? Right now the central bank seems to be the institution burdened with organizing European solidarity. Erik Jones gives a detailed look into the current developments and explains how the banking sector functions.
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Corona Crisis Maja Göpel: A Social-Green Deal as the Answer
Maja Göpel puts an end to three formerly dominant narratives that determined the economy. For her, the way out of the crisis must be a social-ecological one, which must be tangible for the people.
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Inequality Seminar with Thomas Piketty: Capital and Ideology (French)
Thomas Piketty has put the issue of inequality in the economy back on the agenda. Following the success of "Capital in the 21st century", he has now given a seminar on the occasion of his new book "Capital and Ideology" hosted by the Centre Marc Bloch.
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Corona Crisis International survey on how citizens prepare for and cope with the Coronavirus – Call for participation
In a joint project, scientists from 12 institutions (including Harvard, MIT, Cambridge and Warwick University) are investigating how people are coping with the corona crisis.
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Corona Crisis Simons Blog: Why this crisis will bring about a new economic settlement
Policymakers reverted to the status quo after the last recession. This time must be different.
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Innovation Lab Maja Göpel – „Unsere Welt neu denken“
Unsere akademische Partnerin, die Politökonomin Maja Göpel, hinterfragt in ihrem neuveröffentlichten Buch unser auf Wachstum ausgerichtetes Wirtschaftssystem und sucht nach einem nachhaltigen Entwicklungsmodell.
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Corona Crisis Romer & Garber: How to prevent the economy from dying?
The corona-pandemic has emerged from a health crisis into an economic crisis with looming supply and demand shocks. Nobel prize winner Paul Romer and Alan Garber from Harvard University have laid out a plan to deal with the crisis.
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Corona Crisis Stabilisation in the crisis: ESM versus Eurobonds
How to ensure the necessary fiscal flexibility for EU-countries? Leading economists debate whether the financing of government action should be ensured through the ESM or joint Eurobonds.
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Corona Crisis Peter Bofinger: The time for MMT is now
The corona-crisis calls for a "whatever it takes" response on a fiscal level. Peter Bofinger argues that the Modern Monetary Theory gives theoretical justification for such an answer.
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Corona Crisis A Systemic Approach to Dealing with Covid-19 and Future Shocks
Our partners at the OECD view the corona crisis as a reason to systematically strengthen the resilience of our economic and social system.
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Innovation Lab Robert Shiller on Narratives and the Next Paradigm
Narratives are still underrepresented in economic research. Robert Shiller wants that to change and points to the huge influences in economic developments fueled by narratives.
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Innovation Lab OECD (NAEC) Conference – Integrative Economics
On March 5-6, 2020 our partner organization NAEC at the OECD hosted a conference on “Integrative Economics”. The event featured epidemiologist Joshua M. Epstein, Nobel Prize laureate James Heckman and many others.
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The State Quick & New: Introducing the Payer of Last Resort
Emmanuel Saez and Gabriel Zucman call for more government action during the corona crisis. They argue that the government needs to act as a short-term payer of last resort to finance idle workers and business maintenance costs.
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Corona Crisis Coronavirus Means Zero Hour for the European Union
Tom Ferguson (INET) and Edward Kane (Boston College) warn that the EU could collapse if its institutions repeat the mistakes of the Euro crisis.
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Corona Crisis Shiller on Corona-Panic – Better to shut down financial markets?
The Corona crisis has led to panic in the financial markets. Asset prices in some cases fell even lower than at the time of the financial crisis in 2008, which is why Nobel Prize winner Robert Shiller says that one should also think about temporarily suspending the markets.
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Innovation Lab Robert Shiller on Epidemics of Narratives – and the Corona-Crisis
Nobel prize laureate Robert Shiller is the expert when it comes to narratives in economics. We had the chance to talk to him this monday in an exclusive Forum New Economy seminar about his new book, important narratives and the parallels to the current crisis.
