Greece, Europe, and the Future
The dramatic outcome of the Greek referendum calls into question conventional economic thinking about macroeconomic adjustment, debtor/creditor relations, debt restructuring, and the role banks and finance play in the economy and politics. Given the importance of the issues and the centrality of economic theory to resolving them, the Institute is making a special effort to display the range of views within our community on these matters.
The thunder from the Greek “No” vote in the referendum on Sunday, July 5 continues to roll around the world. Read more
The Eurozone crisis has been wrongly interpreted as either a crisis of fiscal profligacy or of deteriorating unit-labour cost competitiveness (caused by rigid labour markets), or a combination of both. Read more