In developing countries, inflation is often driven by the failure of the food supply chain. While economists are well-aware of this, they do not adequately value policies other than monetary policy for responding to inflation. It is time to discard this short-sighted approach.
To explain soaring energy prices, we must look beyond supply shortfalls and bottlenecks to the choices that governments have made about how to price energy.
Raúl Carrillo interviews Darrick Hamilton about the Fed’s approach to unemployment, the racialized harms of shifting the burden of price stability onto workers, and the long struggle for fair and full employment.
How inflation affects a country depends on how its currency is situated within the global monetary order. Peripheral states with subordinate currencies are both vulnerable to, and constrained by, monetary policy decisions at the core, an arrangement that penalizes the global periphery in ways that parallel historical patterns of uneven exchange.
The Fed was not designed to fight inflation, nor is it well equipped to do so. It is time for legislators to expand the macroeconomic policy toolkit.
Introducing a symposium on the hottest topic in macroeconomics.
Industrial agriculture is a major contributor to climate change, as well as a source of exploitation across the globe. Any just transition from fossil fuels must radically rethink current systems of food production and work towards reaching food sovereignty.
In theory, REDD+ is designed to be a win-win: it brings capital to economically struggling communities while ensuring that forests worldwide are protected for the good of the global community. Yet as theory of the Stranger King makes apparent, some colonialist approaches are softer and gentler than others — colonizing as invitees, rather than by force.
A just transition for probation officers will never appeal to everyone. Nevertheless, it provides a potentially powerful framework for people who have experienced the dehumanizing mental and physical toll of working in the carceral state.
During the past decade the concept of a “just transition” has expanded far beyond its roots in the labor movement’s concern for protecting displaced fossil fuel workers. Should we welcome this expansion of the concept? Or will this generic use of ‘just transition’ undermine its usefulness as a framing device to guide policy and discourse?
Just Transition calls us to center questions of justice and distribution in the fight for an ecologically sustainable future. This call resonates deeply with the core concerns of LPE.
Muscles and arteries. Hammers and parasites. Addictions and complexes. Destin Jenkins concludes our Bonds of Inequality symposium by reflecting on the political implications of the metaphors we use to describe municipal debt.
Voters respond differently to policy options depending on how they are presented. Determining what constitutes ethical presentation demands an an exercise in prudence.
Americans pay excessively high prices for prescription drugs. To make medicines more affordable, the Biden Administration must confront the pharmaceutical industry’s monopoly power.
Municipal financing schemes have often distributed the benefits of spending along race and class lines, yet federal programs have a similarly mixed track record. How, then, can we safeguard public investment to secure just outcomes? The answer may reside in the details of agency and program design.
