Search Results - "Stiglitz, Joseph"

Where modern macroeconomics went wrong by Stiglitz, Joseph E.

“…This paper provides a critique of the DSGE models that have come to dominate macroeconomics during the past quarter-century. It argues that at the heart of the…”
Get full text

Addressing climate change through price and non-price interventions by Stiglitz, Joseph E.

“…Recognizing the importance of the second-best nature of economies, the Stern–Stiglitz report on carbon pricing departed from the recommendation of a single…”
Get full text

Covid-19 driven advances in automation and artificial intelligence risk exacerbating economic inequality by Korinek, Anton, Stiglitz, Joseph E

Get more information

Striving for balance in economics: Towards a theory of the social determination of behavior by Hoff, Karla, Stiglitz, Joseph E.

“…•Standard economics leaves out of account key social influences on preferences and cognition.•Individuals are “enculturated actors,” not rational or…”
Get full text

Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change? by Hepburn, Cameron, O’Callaghan, Brian, Stern, Nicholas, Stiglitz, Joseph, Zenghelis, Dimitri

“…Abstract The COVID-19 crisis is likely to have dramatic consequences for progress on climate change. Imminent fiscal recovery packages could entrench or partly…”
Get full text

Real exchange rate policies for economic development by Guzman, Martin, Ocampo, Jose Antonio, Stiglitz, Joseph E.

“…•A stable and competitive RER policy may promote economic development.•Optimality also requires a system of effectively multiple RERs.•Industrial policies may…”
Get full text

RATIONAL HEURISTICS? EXPECTATIONS AND BEHAVIORS IN EVOLVING ECONOMIES WITH HETEROGENEOUS INTERACTING AGENTS by Dosi, Giovanni, Napoletano, Mauro, Roventini, Andrea, Stiglitz, Joseph E., Treibich, Tania

“…We analyze the individual and macroeconomic impacts of heterogeneous expectations and action rules within an agent‐based model populated by heterogeneous,…”
Get full text

Leaders and followers: Perspectives on the Nordic model and the economics of innovation by Stiglitz, Joseph E.

“…What kinds of social and economic systems are most conducive to innovation? We formulate a simple model in which countries can close the gap with the…”
Get full text

The causes of and responses to today’s inflation by Stiglitz, Joseph E, Regmi, Ira

“…Abstract Over the last couple years, the world has experienced the highest levels of inflation in more than four decades. This paper provides a framework for…”
Get full text

8. Inequality and Economic Growth by Stiglitz, Joseph E.

“…In the middle of the twentieth century, it came to be believed that ‘a rising tide lifts all boats’: economic growth would bring increasing wealth and higher…”
Get full text

RETHINKING MACROECONOMICS: WHAT FAILED, AND HOW TO REPAIR IT by Stiglitz, Joseph E.

“…The standard macroeconomic models have failed, by all the most important tests of scientific theory. They did not predict that the financial crisis would…”
Get full text

Pareto efficient taxation and expenditures: Pre- and re-distribution by Stiglitz, Joseph E.

“…This paper shows that there is a presumption that Pareto-efficient taxation entails a positive tax on capital. When tax and expenditure policies can affect the…”
Get full text

The price of complexity in financial networks by Battiston, Stefano, Caldarelli, Guido, May, Robert M., Roukny, Tarik, Stiglitz, Joseph E.

“…Financial institutions form multilayer networks by engaging in contracts with each other and by holding exposures to common assets. As a result, the default…”
Get full text

Risk and Global Economic Architecture: Why Full Financial Integration May be Undesirable by Stiglitz, Joseph E.

“…Integration of global financial markets was supposed to lead to greater financial stability, as risks were spread around the world. The financial crisis has…”
Get full text

How to Restore Equitable and Sustainable Economic Growth in the United States by Stiglitz, Joseph E.

“…Today's weakness in the US economy results from lack of aggregate demand, due to high and growing inequality, underinvestment in public infrastructure and…”
Get full text

The proper role of government in the market economy: The case of the post-COVID recovery by Stiglitz, Joseph E.

“…The long-lasting, widespread COVID-19 pandemic has imposed huge challenges on public health as well as economic recovery. Governments must take an active role…”
Get full text

The economics of immense risk, urgent action and radical change: towards new approaches to the economics of climate change by Stern, Nicholas, Stiglitz, Joseph, Taylor, Charlotte

“…Designing policy for climate change requires analyses which integrate the interrelationship between the economy and the environment. We argue that, despite…”
Get full text

Interconnectedness as a source of uncertainty in systemic risk by Roukny, Tarik, Battiston, Stefano, Stiglitz, Joseph E.

“…•A novel model to compute probability of default in a network of banks.•Multiple equilibria can arise from the presence of closed chains in the network.•This…”
Get full text

Agent based-stock flow consistent macroeconomics: Towards a benchmark model by Caiani, Alessandro, Godin, Antoine, Caverzasi, Eugenio, Gallegati, Mauro, Kinsella, Stephen, Stiglitz, Joseph E.

“…The paper moves from a discussion of the challenges posed by the crisis to standard macroeconomics and the solutions adopted within the DSGE community…”
Get full text

The overselling of globalization by Stiglitz, Joseph E.

“…Globalization was oversold. Politicians and some economists wrongly argued for trade agreements on the basis of job creation. The gains to GDP or growth were…”
Get full text