Archived Publication Types

Asia presents a cumulation of apparently rational decisions that produced disastrous results—a textbook illustration of “financial instability” developing from the economics of euphoria. A combination of factors produced the crisis…more

Download Public Policy Brief Highlights No. 44A, 1998 PDF (83.03 KB)

Investment in infrastructure is necessary for a strong, flexible, and growing economy. However, the relationship between public capital and economic growth is not linear. At a certain level, the tax…more

Download Public Policy Brief Highlights No. 43A, 1998 PDF (168.86 KB)

The fact that every change in the minimum wage requires an act of Congress means that debate over the wisdom of having a minimum is repeatedly returned to the political…more

Download Public Policy Brief Highlights No. 42A, 1998 PDF (130.57 KB)

In this issue, Senator Daniel Patrick Moynihan talks with Sanjay Mongia about Social Security, tax reform, income inequality, and trade. Moynihan argues that Social Security should return to a pay-as-you-go…more

Download Volume 8, No. 3 PDF (648.72 KB)

Why does a dynamic growing economy have a persistent long-term unemployment problem? Research Associates Baumol and Wolff have isolated one cause. Although technological change, the engine of growth and economic…more

Download Public Policy Brief Highlights No. 41A, 1998 PDF (105.75 KB)

This symposium examined the claim by information technology companies that the industry faced a shortage of qualified workers, and considered policy approaches to meeting current and future demands for qualified…more

Download Proceedings, June 12, 1998 PDF (123.63 KB)

Condemned bridges, dilapidated school buildings, contaminated water supplies, and other infrastructure shortcomings threaten American growth, productivity, and prosperity. The authors of this brief propose a plan for financing infrastructure projects…more

Download Public Policy Brief Highlights No. 40A, 1998 PDF (133.21 KB)

Is the current labor market as tight as official statistics would seem to indicate? If incumbent workers increase their hours of work, it is irrelevant to the unemployment rate, but…more

Download Public Policy Brief Highlights No. 39A, 1998 PDF (98.21 KB)

Alice M. Rivlin, vice chair of the Board of Governors of the Federal Reserve System, and other participants at the Levy Institute’s annual Minsky conference on financial structure discuss the…more

Download Volume 8, No. 2 PDF (568.10 KB)

The Asian financial crisis has indeed brought the globalization of financial markets home to policymakers, academics, and the American public. In his editorial, Visiting Senior Scholar Jan Kregel questions the…more

Download Volume 8, No. 1 PDF (339.67 KB)

Scholars take different approaches to the questions of the possibility and desirability of attaining full employment. Barry Bluestone and Stephen Rose explore the effects of labor market slack on the…more

Download Volume 7, No. 1 PDF (104.98 KB)

In this issue, a new Working Paper by Research Associates William J. Baumol and Edward N. Wolff finds a relationship between accelerating technological change and increased duration of unemployment. Contents:…more

Download Volume 7, No. 4 PDF (123.63 KB)

The fragility of the international financial system continues as a topic of discussion in worldwide policy circles. Alice Rivlin, Martin Mayer, Jan Kregel, and others discuss the causes of and…more

Download Volume 7, No. 3 PDF (124.50 KB)

Of special interest in this issue is a summation of a congressional policy briefing by Wynne Godley and Jan Kregel. Also of note are summaries of working papers on an…more

Download Volume 7, No. 2 PDF (111.20 KB)

Using theoretical predictions, econometric results, and the example of the Volcker disinflation, Willem Thorbecke establishes that through disinflation’s burden on the durable goods and construction industries, small firms, and low-wage…more

Download Public Policy Brief Highlights No. 38A, 1997 PDF (51.62 KB)

Since the 1970s corporate America has become obsessed with shedding employees to cut costs and with distributing revenue to stockholders. However, the way for it to regain its competitive edge…more

Download Public Policy Brief Highlights No. 37A, 1997 PDF (54.33 KB)

Distinguished Scholar Wynne Godley warns of the "headless monster" that might be created if European nations plunge into monetary union before establishing new political processes and institutions to replace the…more

Download Volume 7, No. 4 PDF (292.76 KB)

The concept of a labor market, responding to familiar underpinnings of supply and demand, completely colors thought on the relationship between employment, wages, and inflation, according to James K. Galbraith….more

Download Public Policy Brief Highlights No. 36A, 1997 PDF (53.78 KB)

On the United States’ census form, American citizens are told they may list any ethnic ancestries with which they identify, but are instructed to “mark one only” in the question…more

Download Public Policy Brief Highlights No. 35A, 1997 PDF (56.05 KB)

The falling ratio of workers to retirees in the United States has raised concerns about Social Security’s ability to continue to provide a base level of support for all retired…more

Rebecca M. Blank considers how the flexibility of American labor markets and the regulation and redistribution policies of European labor markets may determine employers’ responses to worldwide economic transformations that…more

Download Public Policy Brief Highlights No. 33A, 1997 PDF (89.59 KB)

The recent enactment of a capital gains tax cut resulted, according to the authors, from the absence of a true appreciation or consideration of the real beneficiaries of such a…more

Download Public Policy Brief Highlights No. 32A, 1997 PDF (54.13 KB)

In an exploration of policy proposals to expand employment opportunities, participants at this year’s Levy Institute employment conference discuss workforce development, welfare-to-work, institutional and structural labor market changes, and economic…more

Download Volume 7, No. 3 PDF (421.13 KB)

The author of this brief asks why welfare, workforce development, and unemployment insurance are operated as separate entities. If the goal of the new welfare law is to end dependency…more

Download Public Policy Brief Highlights No. 31A, 1997 PDF (50.50 KB)