This research program encompasses monetary policy, modern money, public finance, and the structure of markets and institutions operating in the financial sector. Research builds on the work of Distinguished Scholar Hyman P. Minsky and examines the institutional, regulatory, and market arrangements that contribute to financial instability, as well as the policies necessary to contain it.
Associated Scholars
600 Related Publications
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Working Paper No. 1105January 22, 2026
OPENSIMPLEST: The Smallest SFC Open Economy Model
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Working Paper No. 1103January 08, 2026
Legal Tender, Debt, and the Institutional Settlement of Monetary Obligations in English Law
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Policy Note No. 2025/10December 22, 2025
The Fed Lowered Rates Again. Is It Really a Surprise?
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Working Paper No. 1098October 17, 2025
Creative Destruction Meets Financial Instability: Toward a New Synthesis
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Working Paper No. 1094October 01, 2025
Lebanon’s Eventual Transition to a Floating Exchange Rate System
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Policy Note No. 2025/7September 19, 2025
No, the Fed Is NOT Independent—It Is a Creature of Congress
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Working Paper No. 1091September 04, 2025
Banking on Payments?
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Working Paper No. 1087July 30, 2025
A Model of External Debt Sustainability and Monetary Hierarchy
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Working Paper No. 1086July 29, 2025
Financial Fragility Without Financial Instability
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Working Paper No. 1085July 17, 2025
Fiscal Deficit and Term Structure of Interest Rate Links on Corporate Investment
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Policy Note No. 2025/4May 22, 2025
Ratings Agencies Downgrade the Dollar’s Exorbitant Privilege
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Working Paper No. 1082May 12, 2025
Growth vs. Discipline: Italy’s Fiscal Dilemmas in a Stock-Flow Consistent Model