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88 publications found, searching for 'Money '
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Working Paper No. 736November 21, 2012
A Meme for Money
AbstractThis paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the hands of conservatives.That framing is also largely consistent with the conventional…more
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Public Policy Brief No. 127November 07, 2012
Fiscal Traps and Macro Policy after the Eurozone Crisis
AbstractThe United States must make a fundamental choice in its economic policy in the next few months, a choice that will shape the US economy for years to come. Pundits…more
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Public Policy Brief No. 127November 07, 2012
Δημοσιονομικές παγίδες και μακροπολιτική μετά την κρίση στην ευρωζώνη
AbstractΤους επόμενους μήνες, οι Ηνωμένες Πολιτείες πρέπει να κάνουν μια βασική επιλογή στην οικονομική τους πολιτική, μια επιλογή που θα διαμορφώσει την οικονομία των ΗΠΑ για τα επόμενα χρόνια. Οι…more
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Working Paper No. 717May 03, 2012
Introduction to an Alternative History of Money
AbstractThis paper integrates the various strands of an alternative, heterodox view on the origins of money and the development of the modern financial system in a manner that is consistent…more
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Working Paper No. 717May 03, 2012
Μια εισαγωγή στην εναλλακτική ιστορία του χρήματος
AbstractΗ εργασία αυτή ενσωματώνει τις διάφορες συνιστώσες μιας εναλλακτικής, ετερόδοξης άποψης αναφορικά με την προέλευση του χρήματος και την ανάπτυξη του σύγχρονου χρηματοπιστωτικού συστήματος με τρόπο που να συνάδει με…more
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Working Paper No. 705February 03, 2012
What Do Poor Women Want? Public Employment or Cash Transfers?
AbstractThe literature on public employment policies such as the job guarantee (JG) and the employer of last resort (ELR) often emphasizes their macroeconomic stabilization effects. But carefully designed and implemented…more
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Working Paper No. 704January 27, 2012
Ανισορροπίες; Ποιές ανισορροπίες;
AbstractΕίναι κοινός τόπος να συνδέει κανείς τα νεοκλασικά οικονομικά με τη φυσική του 18ου ή του 19ου και την έννοια της ισορροπίας, με την ιδέα της συμπεριφοράς του εκκρεμούς, που…more
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Working Paper No. 704January 27, 2012
Imbalances? What Imbalances?
AbstractIt is commonplace to link neoclassical economics to 18th- or 19th-century physics and its notion of equilibrium, of a pendulum once disturbed eventually coming to rest. Likewise, an economy subjected…more
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Working Paper No. 700December 22, 2011
Is There Room for Bulls, Bears, and States in the Circuit?
AbstractThis paper takes off from Jan Kregel’s paper “Shylock and Hamlet, or Are There Bulls and Bears in the Circuit?” (1986), which aimed to remedy shortcomings in most expositions of…more
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Working Paper No. 681August 12, 2011
Μαθήματα που θα έπρεπε να παίρναμε από την παγκόσμια χρηματοοικονομική κρίση αλλά δεν το κάναμε
AbstractΗ εργασία αυτή ξεκινάει μετρώντας ξανά τα αίτια και τις συνέπειες της παγκόσμιας χρηματοοικονομικής κρίσης (ΠΧΚ). Το γεγονός που πυροδότησε την κρίση ήταν, φυσικά, το ξεδίπλωμα της κρίσης στα στεγαστικά…more
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Working Paper No. 681August 12, 2011
Lessons We Should Have Learned from the Global Financial Crisis but Didn’t
AbstractThis paper begins by recounting the causes and consequences of the global financial crisis (GFC). The triggering event, of course, was the unfolding of the subprime crisis; however, the paper…more
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Working Paper No. 662March 28, 2011
The Financial Crisis Viewed from the Perspective of the “Social Costs” Theory
AbstractThis paper examines the causes and consequences of the current global financial crisis. It largely relies on the work of Hyman Minsky, although analyses by John Kenneth Galbraith and Thorstein…more
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Working Paper No. 658March 15, 2011
Keynes after 75 Years
AbstractIn this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in which money is neutral, at least in the long run; and the…more
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Working Paper No. 656March 05, 2011
Money in Finance
AbstractThis paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of financing spending. We next examine the role played by financial institutions (e.g., banks) in…more
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Working Paper No. 647December 24, 2010
Money
AbstractThis paper advances three fundamental propositions regarding money: (1) As R. W. Clower (1965) famously put it, money buys goods and goods buy money, but goods do not buy goods….more
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Working Paper No. 603June 18, 2010
Does Excessive Sovereign Debt Really Hurt Growth?
AbstractThe 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
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