Publications

46 publications found, searching for 'Pavlina R. Tcherneva '

• Working Paper No. 1112
  April 23, 2026

  After the Wreckage: The Job Guarantee as a New Labor Standard

  Pavlina R. Tcherneva
  Abstract

  The job guarantee (JG) has long been theorized as a cyclical stabilizer, a buffer stock of publicly employed workers that expands in downturns and contracts in booms. That framing was…more

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• Policy Note No. 2025/9
  November 24, 2025

  Democratic Renewal and the Green Job Guarantee

  Pavlina R. Tcherneva
  Abstract

  The following remarks were delivered as the keynote at the joint Global Forum for Social and Solidarity Economy (GSEF) and International Centre of Research and Information on the Public, Social…more

  Download Policy Note No. 2025/9 PDF (214.62 KB)
• Working Paper No. 1100
  November 05, 2025

  The Death of the Social Contract and the Enshittification of Jobs

  Pavlina R. Tcherneva
  Abstract

  This paper employs the concept of “enshittification”—the systematic degradation of a service or product in the pursuit of profit—as a powerful metaphor to analyze the decay of the US labor…more

  Download Working Paper No. 1100 PDF (433.33 KB)
• Policy Note No. 2025/2
  April 21, 2025

  Remembering Pope Francis’s Call for a Universal Basic Wage

  Pavlina R. Tcherneva
  Abstract

  On April 21, 2025, a day after Easter Sunday, the world mourned the passing of His Holiness Pope Francis. Five years earlier, on Easter Sunday, April 12, 2020—amid the devastating…more

  Download Policy Note 2025/2 PDF (207.42 KB)
• Public Policy Brief No. 158
  March 04, 2025

  That “Vision Thing”: Formulating a Winning Policy Agenda

  Pavlina R. Tcherneva and L. Randall Wray
  Abstract

  For a PDF version of this Public Policy Brief, please click here. There are many ways to lose a presidential election, and pundits have come up with a long list:…more

  Download Public Policy Brief No. 158 PDF (2.33 MB)
• Working Paper No. 1071
  December 10, 2024

  Tilting at Windmills

  James K. Galbraith and Pavlina R. Tcherneva
  Abstract

  Originally issued as EDI Working Paper No. 14, May 2023 The Central Bank of the United States, the Federal Reserve, has a dual mandate to maintain both full employment and…more

  Download Working Paper No. 1071 PDF (2.10 MB)
• Working Paper No. 1064
  December 06, 2024

  Seismic Shifts in Economic Theory and Policy from the Bernanke Doctrine to Modern Money Theory

  Pavlina R. Tcherneva and Éric Tymoigne
  Abstract

  Originally issued as EDI Working Paper No. 08, 2022  This paper evaluates the relationship between monetary and fiscal policy and the relative effectiveness of macroeconomic stabilization through the lens of…more

  Download Working Paper No. 1064 PDF (947.82 KB)
• Working Paper No. 1060
  November 26, 2024

  The Job Guarantee

  Pavlina R. Tcherneva
  Abstract

  Originally issued as EDI Working Paper No. 02, 2022 Orthodox economic theory presents the policy maker with an impossible choice: eradicate unemployment at the cost of undesirable inflation or keep…more

  Download Working Paper No. 1060 PDF (995.69 KB)
• Working Paper No. 1059
  November 26, 2024

  Three Lessons from Government Spending and the Post-Pandemic Recovery

  Pavlina R. Tcherneva
  Abstract

  Originally issued as EDI Working Paper No. 01, 2021 The central lesson of the COVID-19 fiscal response is that money is not scarce. Without delay, governments around the world appropriated…more

  Download Working Paper No. 1059 PDF (664.26 KB)
• Policy Note No. 2024/3
  November 07, 2024

  Trump Wins While Americans Vote for Progressive Policies

  Pavlina R. Tcherneva
  Abstract

  On November 5, 2024, American voters sent Donald Trump back to the White House. In 2020, he lost his bid for reelection to Joe Biden, after winning in 2016 against…more

  Download Policy Note 2024/3 PDF (182.86 KB)
• Book Series
  July 07, 2020

  The Case for a Job Guarantee

  Pavlina R. Tcherneva
  Abstract

  One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy. This assumption has provided cover for the devastating social and…more

• Policy Note No. 4
  May 05, 2020

  Guaranteeing Employment during the Pandemic and Beyond

  Pavlina R. Tcherneva
  Abstract

  The ongoing job losses, already numbering in the tens of millions, and the mass unemployment that will remain once the COVID-19 crisis has passed are of our own making, argues…more

  Download Policy Note 2020/4 PDF (108.51 KB)
• One-Pager No. 55
  May 29, 2018

  The Job Guarantee and the Economics of Fear

  Pavlina R. Tcherneva
  Abstract

  The job guarantee (JG) is finally getting the public debate it deserves, according to Pavlina R. Tcherneva, and criticism is expected. Following the Levy Institute’s latest report analyzing the economic…more

  Download One-Pager No. 55 PDF (102.53 KB)
• Research Project Report
  April 17, 2018

  Public Service Employment

  L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva, and Stephanie A. Kelton
  Abstract

  Despite reports of a healthy US labor market, millions of Americans remain unemployed and underemployed, or have simply given up looking for work. It is a problem that plagues our…more

  Download Research Project Report, April 2018 PDF (2.04 MB)
• Working Paper No. 902
  April 02, 2018

  The Job Guarantee

  Pavlina R. Tcherneva
  Abstract

  The job guarantee (JG) is a public option for jobs. It is a permanent, federally funded, and locally administered program that supplies voluntary employment opportunities on demand for all who…more

  Download Working Paper No. 902 PDF (716.25 KB)
• Policy Note No. 2
  March 19, 2018

  Guaranteed Jobs through a Public Service Employment Program

  Stephanie A. Kelton, L. Randall Wray, Pavlina R. Tcherneva, Scott Fullwiler, and Flavia Dantas
  Abstract

  Amid a recent upsurge in support for a national job guarantee program, L. Randall Wray, Stephanie A. Kelton, Pavlina R. Tcherneva, Scott Fullwiler, and Flavia Dantas outline a new proposal…more

  Download Policy Note 2018/2 PDF (248.94 KB)
• Working Paper No. 895
  August 23, 2017

  Unemployment: The Silent Epidemic

  Pavlina R. Tcherneva
  Abstract

  This paper examines two key aspects of unemployment—its propagation mechanism and socioeconomic costs. It identifies a key feature of this macroeconomic phenomenon: it behaves like a disease. A detailed assessment…more

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• Policy Note No. 1
  April 06, 2017

  Inequality Update: Who Gains When Income Grows?

  Pavlina R. Tcherneva
  Abstract

  Since the 1980s, economic recoveries in the United States have been delivering the vast majority of income growth to the wealthiest households. This policy note updates the analysis in One-Pager…more

  Download Policy Note 2017/1 PDF (395.43 KB)
• Working Paper No. 887
  March 20, 2017

  Trump’s Bait and Switch

  Pavlina R. Tcherneva
  Abstract

  President Trump’s faux populism may deliver some immediate short-term benefits to the economy, masking the devastating long-term effects from his overall policy strategy. The latter can be termed “welfare state…more

  Download Working Paper No. 887 PDF (430.74 KB)
• Working Paper No. 861
  March 01, 2016

  Money, Power, and Monetary Regimes

  Pavlina R. Tcherneva
  Abstract

  Money, in this paper, is defined as a power relationship of a specific kind, a stratified social debt relationship, measured in a unit of account determined by some authority. A…more

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• Policy Note No. 4
  March 30, 2015

  Όταν αυτό που είναι καλό για έναν δεν είναι καλό για όλους μας

  Pavlina R. Tcherneva
  Abstract

  Στη μεταπολεμική περίοδο, κάθε μεταγενέστερη οικονομική επέκταση συνοδεύθηκε από το φαινόμενο ενός όλο και μικρότερου ποσοστού της αύξησης του εισοδήματος να καταλήγει στο 90% των χαμηλότερων εισοδηματικών στρωμάτων.Ακόμη χειρότερα, κατά…more

  Download Σημείωμα Πολιτικής 2015/4 PDF (547.61 KB)
• Policy Note No. 4
  March 30, 2015

  When a Rising Tide Sinks Most Boats

  Pavlina R. Tcherneva
  Abstract

  In the postwar period, with every subsequent expansion, a smaller and smaller share of the gains in income growth have gone to the bottom 90 percent of families. Worse, in…more

  Download Policy Note 2015/4 PDF (561.81 KB)
• One-Pager No. 47
  October 06, 2014

  Growth for Whom?

  Pavlina R. Tcherneva
  Abstract

  In the postwar period, income growth has become more inequitably distributed with virtually every subsequent economic expansion. From 2009 to 2012, while the economy was recovering from one of the…more

  Download One-Pager No. 47 PDF (113.75 KB)
• One-Pager No. 47
  October 06, 2014

  Ανάπτυξη για ποιόν;

  Pavlina R. Tcherneva
  Abstract

  Στη μεταπολεμική περίοδο, η αύξηση του εισοδήματος έχει γίνει πιο άνισα κατανεμημένη με κάθε επακόλουθη οικονομική επέκταση. Από το 2009 μέχρι το 2012, ενώ η οικονομία ανακάμπτει από μια από…more

  Download Μονοσέλιδο No.47 PDF (229.13 KB)