Publications

19 publications found, searching for 'Climate '

• 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

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• Working Paper No. 1089
  August 07, 2025

  Rising Temperatures, Falling Yields: The Effect of Climate Shocks on Olive Oil Production in Palestine

  Yousuf Daas, Sameh Hallaq, Kenichi Kashiwagi, and Keiichi Ogawa
  Abstract

  This study investigates the effect of climate shocks on olive oil production in Palestine, a region acutely vulnerable to both environmental change and political instability. We estimate the influences of…more

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• Working Paper No. 1084
  July 09, 2025

  MMT: Heuristics versus Paradigm Shift?

  L. Randall Wray
  Abstract

  This is a revised version of the keynote address presented at the FDR library for the Levy Institute Summer Seminar on Money, Finance, and Public Policy on June 20th, 2025.

  Download Working Paper No. 1084 PDF (222.28 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)
• Working Paper No. 1080
  April 04, 2025

  Protecting Social Security: The Case Against Extending the Full Retirement Age

  Edward Lane
  Abstract

  The Social Security “full retirement age” (FRA) is the age at which retirement income benefits are available without reduction for early commencement. Presently, that age is 67 for those born…more

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• Working Paper No. 1074
  December 24, 2024

  Political Conflict, Green Capabilities, and Growth Patterns in a Kaleckian Small Open Economy

  José Eduardo Alatorre, Gabriel Porcile, Julia Juarez, and Juan Carlos Moreno-Brid
  Abstract

  The paper presents a Kaleckian extended model exploring sustainable development, defined as growth that is economically stable, socially inclusive, and environmentally respectful. The model links CO2 emission trends with public…more

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• 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)
• Working Paper No. 1047
  April 08, 2024

  “Just Transition” in India and Fiscal Stance: Analyzing the Tax Buoyancy of the Extractive Sector

  Lekha S. Chakraborty and Emmanuel Thomas
  Abstract

  Against the backdrop of fiscal transition concomitant to energy transition policies with climate change commitments, revenue from the extractive sector needs a recalibration in the subnational fiscal space. Extractive tax…more

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• Working Paper No. 1041
  February 02, 2024

  Amazon Green Recovery and Labor Market in Brazil

  Luiza Nassif Pires, Gilberto Tadeu Lima, Pedro Romero Marques, Tainari Taioka, and José Bergamin
  Abstract

  Announced in June 2021, the never-implemented Green Recovery Plan for the Brazilian Legal Amazon Region (GRP) would be a green transition initiative to be carried out by the state governments…more

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• Working Paper No. 1033
  November 20, 2023

  The Impact of Climate Change on the Palestinian Sectoral Reallocation of Labor

  Sameh Hallaq and Yousuf Daas
  Abstract

  The research leverages yearly variations in climate variables, such as rainfall and temperature, across the West Bank from 1999 to 2018 to assess their influence on individuals' decisions to stay…more

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• Working Paper No. 1031
  October 09, 2023

  A Stock-Flow Ecological Model from a Latin American Perspective

  Lorenzo Nalin, Giuliano Toshiro Yajima, Leonardo Rojas Rodriguez, Esteban Pérez-Caldentey, and José Eduardo Alatorre
  Abstract

  This study aims to develop an ecological stock-flow consistent (SFC) model based on the Latin American–stylized facts regarding economic, financial, and environmental features. We combine the macro-financial theoretical framework by…more

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• Working Paper No. 1023
  July 14, 2023

  Climate Change and Fiscal Marksmanship

  Lekha S. Chakraborty, Amandeep Kaur, Ajay Narayan Jha, and Balamuraly B
  Abstract

  According to the theory of efficient markets, economic agents use all available information to form rational expectations. The rational expectations hypothesis asserts that information is scarce, the economic system generally…more

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• Working Paper No. 1013
  January 18, 2023

  The Economic and Environmental Effects of a Green Employer of Last Resort

  Giuliano Toshiro Yajima, Nikolaos Rodousakis, and George Soklis
  Abstract

  We assess the sectoral impact of the implementation of a “green” employer of last resort (ELR) program in the US, based on an environmental modification of an extended Kurz’s (1985)…more

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• Working Paper No. 995
  November 03, 2021

  The Employer of Last Resort Scheme and the Energy Transition

  Giuliano Toshiro Yajima
  Abstract

  The health and economic crises of 2020–21 have revived the debate on fiscal policy as a major tool for stabilization and meeting long-term goals. The massive surge in unemployment, due…more

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• Working Paper No. 990
  July 02, 2021

  Ecological Fiscal Transfers and State-level Budgetary Spending in India

  Lekha S. Chakraborty, Amandeep Kaur, Ranjan Kumar Mohanty, and Divy Rangan
  Abstract

  Using panel data models, we analyze the flypaper effects—whether intergovernmental fiscal transfers or states’ own income determine expenditure commitments—on ecological fiscal spending in India. The econometric results show that the…more

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• Public Policy Brief No. 148
  January 31, 2020

  Can We Afford the Green New Deal?

  L. Randall Wray and Yeva Nersisyan
  Abstract

  In this policy brief, Yeva Nersisyan and Senior Scholar L. Randall Wray argue that assessing the “affordability” of the Green New Deal is a question of whether there are suitable…more

  Download Public Policy Brief No. 148, 2020 PDF (234.15 KB)
• Working Paper No. 931
  May 30, 2019

  How to Pay for the Green New Deal

  L. Randall Wray and Yeva Nersisyan
  Abstract

  This paper follows the methodology developed by J. M. Keynes in his How to Pay for the War pamphlet to estimate the “costs” of the Green New Deal (GND) in…more

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• Working Paper No. 839
  June 01, 2015

  Inside Money in a Kaldor-Kalecki-Steindl Fiscal Policy Model

  Tai Young-Taft
  Abstract

  We hope to model financial fragility and money in a way that captures much of what is crucial in Hyman Minsky’s financial fragility hypothesis. This approach to modeling Minsky may…more

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• Working Paper No. 722
  May 11, 2012

  Guaranteed Green Jobs

  Antoine Godin
  Abstract

  In most economies, the potential of saving energy via insulation and more efficient uses of electricity is important. In order to reach the Kyoto Protocol objectives, it is urgent to…more

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