Publications

89 publications found, searching for 'Inequality '

• Working Paper No. 1099
  October 22, 2025

  A Stock-Flow Consistent Model of Emulation, Debt, and Personal Income Inequality

  Francesco Ruggeri, Riccardo Pariboni, and Giuliano Toshiro Yajima
  Abstract

  Read the associated blog post here. Divergent trends in income and consumption inequality—with the first increasing substantially more than the latter—are an established, stylized fact for the US economy in…more

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• Working Paper No. 1079
  April 04, 2025

  Job Allocation in the Levy Institute Microsimulation Model

  Brandon Istenes
  Abstract

  The Levy Institute Microsimulation Model (LIMM) is a tool used for policy simulations to estimate ex-ante the employment and income effects of sectoral investments. In Istenes (2023), a simple implementation…more

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• Working Paper No. 1049
  May 07, 2024

  Deindustrialization from the Center Perspective: US Trade and Manufacturing in the Last Two Decades

  Nikolaos Rodousakis, Giuliano Toshiro Yajima, and George Soklis
  Abstract

  We argue that the US trade and industry sector has experienced several unsustainable sectoral processes, including (i) a fall in the trade balance in machinery and equipment and high-tech (HT)…more

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• Working Paper No. 1037
  January 10, 2024

  Markups, Profit Shares, and Cost-Push-Profit-Led Inflation

  Michalis Nikiforos and Simon Grothe
  Abstract

  The post-pandemic surge in inflation was accompanied by a surge in the corporate share of profits. As a result, several economists and policy makers have given to it names such…more

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• Working Paper No. 1028
  August 21, 2023

  Contractionary Effects of Foreign Price Shocks (and Potentially Expansionary Effects of Inflation)

  Michalis Nikiforos and Simon Grothe
  Abstract

  Using the model proposed in Krugman and Taylor’s “Contractionary effects of devaluation” (1978), we examine the macroeconomic effects of shocks to foreign prices. We show that these shocks can be…more

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• Working Paper No. 1026
  August 01, 2023

  Banking Sector, Distributive Conflict, and Monetary Theory of Distribution

  Riccardo Zolea
  Abstract

  This paper analyzes the implications of distributional contrast for the monetary theory of distribution. The first step is to try to introduce the banking sector within Pivetti's monetary distribution theory…more

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• Working Paper No. 1022
  July 12, 2023

  Has the Time for a European Job Guarantee Policy Arrived?

  Rania Antonopoulos
  Abstract

  As country after country in the European Union is called to respond to the current challenge of our time—high inflation and declining real wages—governments must engage in a transformative agenda…more

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• Working Paper No. 1016
  February 23, 2023

  Monetary Policy and the Gender and Racial Employment Dynamics in Brazil

  Patricia Couto and Clara Brenck
  Abstract

  Monetary policy has been historically concerned with controlling inflation, using the interest rate as its main tool. However, such policies are not gender- or race-neutral. This paper explores econometrically the…more

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• Working Paper No. 1001
  February 02, 2022

  Estimating a Time-Varying Distribution-Led Regime

  Michalis Nikiforos and Paul Carrillo-Maldonado
  Abstract

  This paper estimates the distribution-led regime of the US economy for the period 1947–2019. We use a time varying parameter model, which allows for changes in the regime over time….more

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• Working Paper No. 989
  June 17, 2021

  The Endogeneity-to-Demand of the National Emergency Utilization Rate

  Michalis Nikiforos
  Abstract

  The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a “national emergency” definition of potential output and is published by the US…more

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• Working Paper No. 976
  November 11, 2020

  The Palestinian Labor Market over the Last Three Decades

  Sameh Hallaq
  Abstract

  This paper consists of three economic literature review essays that survey the Palestinian labor market during the last three decades. The first essay examines the economic return to schooling since…more

  Download Working Paper No. 976 PDF (290.54 KB)
• Public Policy Brief No. 153
  September 04, 2020

  Multidimensional Inequality and COVID-19 in Brazil

  Laura Carvalho, Luiza Nassif Pires, and Eduardo Rawet
  Abstract

  After spending over 6 percent of GDP responding to the COVID-19 crisis, Brazil has suffered among the worst per capita numbers in the world in terms of cases and deaths….more

  Download Public Policy Brief No. 153, 2020 PDF (970.64 KB)
• Working Paper No. 963
  July 16, 2020

  The Early Impact of COVID-19 on Job Losses among Black Women in the United States

  Thomas Masterson, Michelle Holder, and Janelle Jones
  Abstract

  The COVID-19 pandemic seemingly appeared out of nowhere but changed nearly everything. As the pandemic unfolded, industries deemed nonessential were leveled. Many occupations in these industries are low-wage, and women…more

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• Working Paper No. 960
  July 09, 2020

  Fiscal Policy in Argentina, Brazil, and Mexico and the 2030 Agenda for Sustainable Development

  Bendreff Desilus
  Abstract

  Fiscal policy is useful as a government instrument for supporting the economy, contributing to an increase in employment, and reducing inequality through more egalitarian income distribution. Over the past 30…more

  Download Working Paper No. 960 PDF (259.17 KB)
• Working Paper No. 959
  June 25, 2020

  Distribution and Gender Effects on the Path of Economic Growth

  Ruth Badru
  Abstract

  This paper applies a robust empirical methodology, which considers issues relating to cross-country heterogeneity and cross-sectional dependence, to inspect the contributions of gender equality and factor income distribution to an…more

  Download Working Paper No. 959 PDF (571.87 KB)
• Working Paper No. 954
  April 30, 2020

  Household Consumption, Household Indebtedness, and Inequality in Turkey

  Abstract

  This paper examines whether relative income and income inequality within reference groups affect household consumption. Using the explanations of consumption behavior based on Dusenberry’s relative income hypothesis, we test if…more

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• Working Paper No. 953
  April 24, 2020

  Notes on the Accumulation and Utilization of Capital

  Michalis Nikiforos
  Abstract

  The paper makes three contributions. First, following up on Nikiforos (2016), it provides an in-depth examination of the Federal Reserve measure of capacity utilization and shows that it is closer…more

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• Working Paper No. 952
  April 24, 2020

  Notes on the Accumulation and Utilization of Capital

  Michalis Nikiforos
  Abstract

  This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity utilization. First, it explains why utilization is a crucial variable for the various theories of…more

  Download Working Paper No. 952 PDF (624.10 KB)
• Public Policy Brief No. 149
  April 14, 2020

  Pandemic of Inequality

  Thomas Masterson, Michalis Nikiforos, Fernando Rios-Avila, Luiza Nassif Pires, and Laura de Lima Xavier
  Abstract

  The costs of the COVID-19 pandemic—in terms of both the health risks and economic burdens—will be borne disproportionately by the most vulnerable segments of US society. In this public policy…more

  Download Public Policy Brief No. 149, 2020 PDF (539.32 KB)
• Working Paper No. 945
  January 31, 2020

  Demand, Distribution, Productivity, Structural Change, and (Secular?) Stagnation

  Michalis Nikiforos
  Abstract

  The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other structural changes in the slowdown of the growth rate of output and productivity that has…more

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• Working Paper No. 941
  December 12, 2019

  Wage Differential between Palestinian Non-refugees and Palestinian Refugees in the West Bank and Gaza

  Sameh Hallaq
  Abstract

  This paper measures the wage differential between Palestinian non-refugees and Palestinian refugees in the West Bank and Gaza over the years 1999–2012. First, the main individual and occupational differences between…more

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• One-Pager No. 60
  July 26, 2019

  Fighting Inequality Can Strengthen the US Economy

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Senators Elizabeth Warren and Bernie Sanders, along with Representative Alexandria Ocasio-Cortez, recently proposed to increase the rate of taxation on very high incomes and net worth. One of the primary…more

  Download One-Pager No. 60 PDF (119.15 KB)
• Strategic Analysis
  April 15, 2019

  Can Redistribution Help Build a More Stable Economy?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Although the ongoing recovery is about to become the longest in the history of the United States, it is also the weakest in postwar history, and as we enter the…more

  Download Strategic Analysis, April 2019 PDF (1.06 MB)
• Working Paper No. 915
  September 19, 2018

  Black Employment Trends since the Great Recession

  Thomas Masterson
  Abstract

  The Great Recession had a devastating impact on labor force participation and employment. This impact was not unlike other recessions, except in size. The recovery, however, has been unusual not…more

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