WORKING PAPER | This paper offers an adaptation of the square social accounting matrix used in economic planning to the rectangular vertical transaction matrix used in post-Keynesian monetary economics.

WORKING PAPER | New School Economist Lance Taylor released a symposium of literature on Thomas Piketty’s Capital in the Twenty-First Century in conjunction with the INET-sponsored research project on Economic Sustainability, Distribution and Stability.

WORKING PAPER | This paper discusses patterns of net borrowing by major “institutional sectors” in the U.S. economy.

POLICY NOTE | In this context, “macro imbalances” are trends or cycles in net borrowing flows that may be strong enough to threaten the system’s stability unless offsetting policies are put into place.