Search Results - "Stiglitz, Joseph E."

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…”
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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…”
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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…”
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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…”
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Information and the Change in the Paradigm in Economics by Stiglitz, Joseph E.

“…It is shown that information economics represents a fundamental change in the prevailing paradigm within economics. The ways by which information assymetries…”
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ICC announcement: annual special issue on macro economics and development by Dosi, Giovanni, E. Stiglitz, Joseph

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Vaccinating the world against COVID-19 is a no-brainer by Stiglitz, Joseph E

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Economic Foundations of Intellectual Property Rights by Stiglitz, Joseph E.

“…My work in the economics of innovation began some forty years ago. I realized, as I was beginning my work on the Economics of Information, that knowledge and…”
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Capital Market Liberalization, Economic Growth, and Instability by Stiglitz, Joseph E

“…This paper reviews briefly the arguments for capital market liberalization, and identifies their theoretical and empirical weaknesses. This provides the…”
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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…”
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After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies by Hoff, Karla, Stiglitz, Joseph E.

“…In recent years economists have increasingly been concerned with understanding the creation of the rules of the game - in the broad sense of political economy…”
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Credit chains and bankruptcy propagation in production networks by Battiston, Stefano, Delli Gatti, Domenico, Gallegati, Mauro, Greenwald, Bruce, Stiglitz, Joseph E.

“…We present a simple model of a production network in which firms are linked by supplier–customer relationships involving extension of trade–credit. Our aim is…”
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On selective indirect tax reform in developing countries by Emran, M. Shahe, Stiglitz, Joseph E.

“…The current consensus on indirect tax reform in developing countries favors a reduction in trade taxes with an increase in VAT to raise revenue. The…”
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Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough? by Hellmann, Thomas F., Murdock, Kevin C., Stiglitz, Joseph E.

“…In a dynamic model of moral hazard, competition can undermine prudent bank behavior. While capital-requirement regulation can induce prudent behavior, the…”
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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…”
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The Current Economic Crisis and Lessons for Economic Theory by Stiglitz, Joseph E.

“…These are exciting times: the worst economic crisis since the Great Depression, the first global recession in the new era of globalization, and a new President…”
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Helping Infant Economies Grow: Foundations of Trade Policies for Developing Countries by Greenwald, Bruce, Stiglitz, Joseph E.

“…Conventional wisdom has it that trade enhances economic efficiency and thus promotes growth. At least since Robert M. Solow's pioneering work, however,…”
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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…”
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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…”
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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…”
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