Publications

31 publications found, searching for 'Inflation '

• Working Paper No. 759
  March 18, 2013

  Wages, Exchange Rates, and the Great Inflation Moderation

  Nathan Perry and Nathaniel Cline
  Abstract

  Several explanations of the “great inflation moderation” (1982–2006) have been put forth, the most popular being that inflation was tamed due to good monetary policy, good luck (exogenous shocks such…more

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• Working Paper No. 706
  February 08, 2012

  Inflationary and Distributional Effects of Alternative Fiscal Policies

  Pavlina R. Tcherneva
  Abstract

  This paper augments the basic Post-Keynesian markup model to examine the effects of different fiscal policies on prices and income distribution. This is an approach à la Hyman P. Minsky,…more

  Download Working Paper No. 706 PDF (339.68 KB)
• Policy Note No. 2
  May 04, 2011

  Is the Federal Debt Unsustainable?

  James K. Galbraith
  Abstract

  By general agreement, the federal budget is on an “unsustainable path.” Try typing the phrase into Google News: 19 of the first 20 hits refer to the federal debt. But…more

  Download Policy Note 2011/2 PDF (784.34 KB)
• Working Paper No. 603
  June 18, 2010

  Does Excessive Sovereign Debt Really Hurt Growth?

  L. Randall Wray and Yeva Nersisyan
  Abstract

  The worst global downturn since the Great Depression has caused ballooning budget deficits in most nations, as tax revenues collapse and governments bail out financial institutions and attempt countercyclical fiscal…more

  Download Working Paper No. 603 PDF (138.23 KB)
• Working Paper No. 583
  November 08, 2009

  The Euro and Its Guardian of Stability

  Jörg Bibow
  Abstract

  This paper investigates why Europe fared particularly poorly in the global economic crisis that began in August 2007. It questions the self-portrait of Europe as the victim of external shocks,…more

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• Working Paper No. 561
  May 06, 2009

  The Return of the State: The New Investment Paradigm

  Marshall Auerback
  Abstract

  To save America—indeed, the global economy as a whole—the private/public sector balance has to shift, and the neoliberal economic model on which the country has been based for the past…more

  Download Working Paper No. 561 PDF (203.85 KB)
• Strategic Analysis
  April 09, 2009

  Recent Rise in Federal Government and Federal Reserve Liabilities: Antidote to a Speculative Hangover

  Dimitri B. Papadimitriou
  Abstract

  Federal government and Federal Reserve (Fed) liabilities rose sharply in 2008. Who holds these new liabilities, and what effects will they have on the economy? Some economists and politicians warn…more

  Download Strategic Analysis, April 2009 PDF (369.83 KB)