Featured Updates
Weak International Economic Cooperation--COVID-19 Crisis
This paper analyzes several of the dimensions of weakening multilateralism in the area of economic cooperation during the COVID-19 crisis. Professor José Antonio Ocampo argues that international cooperation during the COVID-19 crisis has been weaker than during the 2008-09 North Atlantic Financial crisis.
Towards a dynamic disequilibrium theory with randomness
The 2008 Global Financial Crisis, and the myriad other crises confronting economies around the world, exposed the inadequacies of the Dynamic Stochastic General Equilibrium models. These models not only hadn’t predicted the crisis, its occurrence was completely outside of their framework.
Joseph Stiglitz Publishes New Book: People, Power, and Profits
A Nobel prize winner challenges us to throw off the free market fundamentalists and reclaim our economy. An authoritative account of the predictable dangers of free market fundamentalism and the foundations of progressive capitalism, People, Power, and Profits shows us an America in crisis, but also lights a path through this challenging time.
Recovering from the Pandemic: An Appraisal of Lessons Learned
This FEPS Covid Response Paper provides observations from the failures and successes around the world in dealing with Covid-19 and its economic aftermath. Professor Stiglitz explains why, even with the best policies, the economic fall-out from Covid-19 is likely to be severe: there will not be a V-shaped recovery, but rather a U-shaped one.
Lessons of the American election for Europe and the world
Despite years of disastrous economic policy, and an even more catastrophic handling of the Covid-19 crisis, US President Donald Trump received substantially more votes in 2020 than he did in 2016. His blustering in the name of America was seen as standing up for the country by these voters – and they will not go away.
Domestic Workers Finally Get a Better Deal. Here's How
Nannies, home health aides, home attendants and housecleaners face significant challenges in the United States. The nation doesn't value their work, at least not economically, and there are few national or state labor regulations or social protection...
What Should America Do For a Fair Economic Recovery? Sadie T.M. Alexander Had Some Thoughts
The post-pandemic economic recovery must be grounded in racial justice and a reckoning with systemic racism. Otherwise, our economy will continue to reproduce the racial inequities that the pandemic-led recession exacerbated through job loss, deaths ...
Biden Recovery Plans Are a Good Start, but Country Needs More
President Biden signed the $1.9 trillion American Rescue Plan into law last month, bringing federal pandemic support to nearly $6 trillion, or about 30 percent of GDP. It’s a historic push that rightfully puts money into the hands of families, commun...
Developing Countries Need IMF Funds Now, Not Later
Globalization isn’t working, at least not the way it’s structured now, and the pandemic has only exacerbated inequalities between countries. Most advanced economies and some of the larger emerging markets have managed to finance a strong Covid-19 res...
In the News
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Top Economists Warn U.S. Against Underestimating Climate Damage
Bloomberg
February 15, 2021 -
Can Biden Reverse Trump's Damage to Latin America?
New Yorker
February 11, 2021 -
Biden Goes Big
Project Syndicate
February 2, 2021 -
'So important': Nobel economist backs plans to force tech giants to pay for news
Sydney Morning Herald
December 3, 2020 -
Nobel laureate Joseph Stiglitz on how to fix the economy during and after the pandemic
Vox
October 28, 2020 -
Economists Joseph Stiglitz and Thomas Piketty Address Converging Crises on Inequality
Columbia News
September 15, 2020 -
José Antonio Ocampo: “América Latina tiene que reinventarse”
El Pais
August 29, 2020 -
Joseph Stiglitz says government stimulus programs have failed American workers
CNBC
June 18, 2020 -
Current economic crisis is no time for austerity, economists warn
Mexico News Daily
June 18, 2020 -
Nobel laureate Joseph Stiglitz on economic recovery after COVID-19
CBC
June 18, 2020 -
Martín Guzmán: ‘The reality facing Argentina was not understood by creditors’
Buenos Aires Times
June 18, 2020
Latest Publications
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Global Austerity Alert: Looming Budget Cuts in 2021-25 and Alternative Pathways
Working Paper
Isabel Ortiz, Matthew Cummins
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Q&A: The role of financial policies in climate action
Network Paper
José Antonio Ocampo
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Biden debe cancelar acuerdo de préstamo del IFDC a Ecuador
Network Paper
Kevin Gallagher
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Towards a dynamic disequilibrium theory with randomness
Network Paper
Martin Guzman, Joseph Stiglitz
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The Social Cost of Carbon, Risk, Distribution, Market Failures: An Alternative Approach
Network Paper
Joseph Stiglitz, Nicholas Stern
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An investment bank to help the US prosper
Network Paper
Stephany Griffith-Jones
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Lessons of the American election for Europe and the world
Network Paper
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How Biden Can Restore Multilateralism Unilaterally
Network Paper
Joseph Stiglitz
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Martín Guzmán Says More…
Network Paper
Martin Guzman
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How Joe Biden’s victory paves the way for a global corporate tax rate
Network Paper
José Antonio Ocampo
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Recovering from the Pandemic: An Appraisal of Lessons Learned
Network Paper
Joseph Stiglitz
Upcoming Events
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No upcoming events currently
Recent Events
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Fiscal Space for Universal Health and Social Protection after the COVID19 Pandemic: How to Prevent Austerity
Meeting
October 2, 2020 -
The International Economic Association (IEA) announces the Stiglitz Essay Prize
Meeting
July 3, 2020 -
IMF Conditionality Reform in Promise and Practice: What does the evidence show?
Meeting
October 17, 2019 -
Globalization and Achieving the SDGs in Africa
Meeting
August 27, 2019 -
Rewriting the Rules of the European Economy
Meeting
March 21, 2019 -
Celebrating the ILO's Centenary: Investing in People at Work
Meeting
March 13, 2019 -
2018 Advanced Graduate Workshop on Poverty, Development, and Globalization
Graduate Workshop
July 8, 2018 -
INET/IMF Conference on the Macroeconomics of AI
Meeting
April 6, 2018 -
Financial Networks: Big Risks, Macroeconomic Externalities, and Policy Commitment Devices
Meeting
February 23, 2018
All economic policies entail trade-offs that benefit some groups more then others. IPD analyzes the trade-offs associated with different policies and offers viable alternatives.
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