This session covers Reading 5: Three chapters from A Market Theory of Money by John Hicks (1989). Hicks Study Questions In these three chapters, Hicks starts with the idea that the primary function of money is to serve as a "standard of value" for the market. The function of money, as a standard, is to …
Introduction Input-output (I-O) analysis represents an important tool for economists to understand the complexity of our economies. To support a new generation of economists using I-O analysis, the YSI Working Groups on Urban and Regional Economics, and Innovation are partnering up with the International Input-Output Association (IIOA) to invite Young Scholars to apply for participation …
Young Scholars Development Programme on Input and Output Analysis Read More »
This session covers Lecture 11: Banks and the Market for Liquidity and Lecture 12: Lender/Dealer of Last Resort. Lecture 11 Notes Lecture 12 Notes Lecture 11 generalizes the Treynor model from security dealers to the term funding market and the overnight money market. It also examines the puzzle of why it's profitable for banks to …
Ecologizing Economics: Reflexivity, Methods and Interdisciplinarity in the Age of Anthropocene In the context of a multidimensional ecological crisis, economic analysis is challenged to adapt its methods so that it can remain relevant to contemporary issues and preserve the important place it has gained in public decision-making. In particular, calls to strengthen the consideration of …
Ecologizing Economics: Reflexivity, Methods and Interdisciplinarity… Read More »
The 2008-2009 economic crisis interrupted the expansion of Global Value Chains (GVCs) as different manufacturing reshoring processes were registered, that then were deepened by the Covid-19 pandemic. This was accompanied with a re-emergence of industrial policy in developed and developing countries. In the automotive industry, this crisis generated a general shift in output in favour …
The Global South in the electric vehicles global value chains Read More »
Replication - Webinar series meeting 1: Special issue & Textbook
The YSI Inequality and Development Working Groups happily announces a special session to be held during the 25th Annual Conference of the Association for Heterodox Economics (AHE). The joint session will focus on ''Rethinking Development in a Growingly Unequal World''. We invite young scholars (PhD and MSc students) to submit working papers for discussion. Selected …
YSI Roundtable at AHE 2023: Rethinking Development in a Unequal World Read More »
This is the first of three sessions on Stefan Eich's 2022 book The Currency of Politics: The Political Theory of Money from Aristotle to Keynes. https://www.amazon.com/Currency-Politics-Political-Theory-Aristotle/dp/0691191077/ From the Description: Stefan Eich examines six crucial episodes of monetary crisis, recovering the neglected political theories of money in the thought of such figures as Aristotle, John Locke, …
This session covers Reading 6: The Economics of the Dealer Function by Jack Treynor. Treynor Study Questions We've already built an intuition for the Treynor model. This is the article where Treynor spells the original version of that model in which securities dealers profit by selling market liquidity. Dealers make a bid-ask spread inside the …
The Keynesian Working Group is happy to announce a call for papers to the YSI @ 16th EAEPE Summer School, Economic policy and welfare in a context of high inflation. We invite you to submit your abstract to the Special section organized by the Young Scholars Initiative at the EAEPE Summer School. The event will …
The first decades of this century have seen significant bouts of financial instability, private and public sector debt crisis, geopolitical tensions, technological innovation and the escalation of the climate crisis--all of which have led to adaptations in terms of monetary and fiscal policy, banking and financial markets. Although they have been discussed from different standpoints, …
The YSI idea lab @ IAFFE 2023 pre-conference is a co-creative and participatory workshop were young scholars can meet to discuss the most pressing questions of our field and develop joint projects in oder to address them. The first part of the day will consist of a series of short presentations by young scholars. They …