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Latest news and blogs from the CORE team

John Cassidy: The three ‘H’s - history, hubris, and humility
John Cassidy: The three ‘H’s – history, hubris, and humility Mon 11th November 2013

Macroeconomic models are invaluable. They enable us to reduce complicated phenomena to manageable proportions and reason systematically. If you doubt this, try thinking through the impact of a change in monetary or fiscal policy without referring in your head to some sort of model – eg an ISLM, AD/AS, or IS/PC/MR model. For me, at […]

Martin Wolf: Banking, credit and money
Martin Wolf: Banking, credit and money

In part, therefore, my purpose today is to consider a piece of intellectual history: the strange amnesia of modern macroeconomics. But also to reach some conclusions about the policies needed to avoid a repeat of the 2008 crisis and to secure greater financial stability, in the advanced economies but also in the developing world. Adair […]

Our project to reform the undergraduate syllabus
Our project to reform the undergraduate syllabus

In response to widespread discontent among students, employers and university teachers, a project to create a new core curriculum for economics was launched at a seminar hosted by HM Treasury today. The CORE curriculum project, funded by the Institute for New Economic Thinking, convened the meeting, which was attended by academics, policymakers, business leaders and […]