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Senior Scholar L. Randall Wray has been named the 2021 Veblen-Commons Award winner. The award is presented each January at the annual meeting of the Association for Evolutionary Economics (AFEE) in recognition of significant contributions to evolutionary institutional economics. |
Working Paper No. 991, July 2021
Tanweer Akram
Tanweer Akram, Wells Fargo, applies John Maynard Keynes’s insights about the influence of the current short-term interest rate over the long-term interest rate in two multifactor models, translating Keynes’s insights into specific functional forms for understanding interest rate dynamics and evaluating which specifications best capture the underlying processes.
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Institute President Dimitri B. Papadimitriou joined Voice of America's Vadim Allen to discuss whether inflation is an imminent threat to the economy, if the Fed would respond in the immediate future, and the reasons underlying its present stance.
L. Randall Wray spoke with Steven D. Grumbine of Macro N Cheese to discuss the MMT approach to funding policy priorities, including universal single payer healthcare, unemployment compensation, and a job guarantee. He was also featured, along with Research Associate Stephanie Kelton, in a Bloomberg Businessweek article touching on the same topics.
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