Report Vol. 21, No. 2 | April 2011

Report April 2011

This issue leads off with a public policy brief by Scott Fullwiler and Senior Scholar L. Randall Wray about reining in the Federal Reserve. In addition, it includes a policy note by Research Associate Marshall Auerback about the impact of Germany exiting the eurozone and 17 working papers by Levy Institute scholars and associates, as well as other authors.


  • It’s Time to Rein In the Fed


  • What Happens if Germany Exits the Euro?


  • Quality of Match for Statistical Matches Used in the 1999 and 2005 LIMEW Estimates for Canada
  • International Trade Theory and Policy: A Review of the Literature
  • Bernanke’s Paradox: Can He Reconcile His Position on the Federal Budget with His Recent Charge to Prevent Deflation?
  • Financial Stability, Regulatory Buffers, and Economic Growth: Some Postrecession Regulatory Implications
  • Exports, Capabilities, and Industrial Policy in India
  • US “Quantitative Easing” Is Fracturing the Global Economy
  • The Central Bank “Printing Press”: Boon or Bane? Remedies for High Unemployment and Fears of Fiscal Crisis
  • Disaggregating the Resource Curse: Is the Curse More Difficult to Dispel in Oil States than in Mineral States?
  • China in the Global Economy
  • Modeling Technological Progress and Investment in China: Some Caveats
  • How Rich Countries Became Rich and Why Poor Countries Remain Poor: It’s the Economic Structure . . . Duh!
  • Quantitative Easing and Proposals for Reform of Monetary Policy Operations
  • A Demographic Base for Ethnic Survival? Blending across Four Generations of German-Americans
  • Money
  • Views of European Races among the Research Staff of the US Immigration Commission and the Census Bureau, ca. 1910
  • Fiscal Policy Effectiveness: Lessons from the Great Recession
  • Fiscal Policy: Why Aggregate Demand Management Fails and What to Do about It
  • Unit Labor Costs in the Eurozone: The Competitiveness Debate Again


  • Upcoming Event: 20th Annual Hyman P. Minsky Conference, April 13–15, 2011
  • Upcoming Event: The Wynne Godley Memorial Conference, May 25–26, 2011
  • Upcoming Event: The Hyman P. Minsky Summer Seminar, June 18–26, 2011


  • Publications and Presentations by Levy Institute Scholars
  • Recent Levy Institute Publications
W. Ray Towle

Publication Highlight

Working Paper No. 995
The Employer of Last Resort Scheme and the Energy Transition
A Stock-Flow Consistent Analysis
Author(s): Giuliano Toshiro Yajima
November 2021

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