Publications

Short articles designed to reach policymakers as well as business and general audiences

183 publications found, searching for 'Policy Note '

• Policy Note No. 2021/3
  June 08, 2021

  Why President Biden Should Eliminate Corporate Taxes to Build Back Better

  L. Randall Wray and Edward Lane
  Abstract

  Edward Lane and L. Randall Wray explain how federal taxes on corporate profits are not well suited to either containing inflationary pressures or reducing inequality. They are not only a…more

  Download Policy Note 2021/3 PDF (353.00 KB)
• Policy Note No. 2021/2
  May 13, 2021

  Gender and Race in the Spotlight during the COVID-19 Pandemic

  Luiza Nassif Pires, Luísa Cardoso, and Ana Luíza Matos de Oliveira
  Abstract

  Research Scholar Luiza Nassif-Pires, Luísa Cardoso, and Ana Luíza Matos de Oliveira analyze the importance of the “emergency benefit” (Auxílio Emergencial) in containing the increase in poverty and extreme poverty…more

  Download Policy Note 2021/2 PDF (406.94 KB)
• Policy Note No. 2021/1
  January 19, 2021

  Keynes’s Clearing Union Is Alive and Well and Living in Your Mobile Phone

  Jan Kregel
  Abstract

  While governments may consider implementation of John Maynard Keynes’s original clearing union proposal for the international financial architecture too difficult or radical, Senior Scholar Jan Kregel notes that the private…more

  Download Policy Note 2021/1 PDF (179.63 KB)
• Policy Note No. 6
  October 15, 2020

  Alternative Macro Policy Response for a Pandemic Recession

  Jan Kregel
  Abstract

  As COVID-19 infection and test positivity rates rise in the United States and federal stimulus plans expire, Senior Scholar Jan Kregel articulates an alternative approach to analyzing the economic problems…more

  Download Policy Note 2020/6 PDF (154.47 KB)
• Policy Note No. 5
  July 10, 2020

  Debt Management and the Fiscal Balance

  Jan Toporowski
  Abstract

  In this policy note, Jan Toporowski provides an analysis of government debt management using fiscal principles derived from the work of Michał Kalecki. Dividing the government’s budget into a “functional”…more

  Download Policy Note 2020/5 PDF (129.91 KB)
• 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)
• Policy Note No. 3
  April 20, 2020

  Immigration Policy Undermines the US Pandemic Response

  Martha Tepepa
  Abstract

  Research Scholar Martha Tepepa explains how the US response to the COVID-19 crisis will be hindered by its approach to immigration policy. The administration’s “zero tolerance” immigration campaign creates a…more

  Download Policy Note 2020/3 PDF (118.61 KB)
• Policy Note No. 2
  April 03, 2020

  Stabilizing State and Local Budgets through the Pandemic and Beyond

  Alex Williams
  Abstract

  The federal government appears to have abandoned the idea of a coordinated public health response to the COVID-19 pandemic, leaving the entirety to state and local governments. Meanwhile, the economic…more

  Download Policy Note 2020/2 PDF (84.42 KB)
• Policy Note No. 1
  March 19, 2020

  When Two Minskyan Processes Meet a Large Shock

  Michalis Nikiforos
  Abstract

  The spread of the new coronavirus (COVID-19) is a major shock for the US and global economies. Research Scholar Michalis Nikiforos explains that we cannot fully understand the economic implications…more

  Download Policy Note 2020/1 PDF (306.68 KB)
• Policy Note No. 2
  May 16, 2019

  Global Imbalances and the Trade War

  Jan Kregel
  Abstract

  Against the background of an ongoing trade dispute between the United States and China, Senior Scholar Jan Kregel analyzes the potential for achieving international adjustment without producing a negative impact…more

  Download Policy Note 2019/2 PDF (145.98 KB)
• Policy Note No. 1
  April 16, 2019

  A Proposal to Create a European Safe Asset

  Paolo Savona
  Abstract

  While a consensus has formed that the eurozone’s economic governance mechanisms must be reformed, and some progress has been made on this front, what has been agreed to so far…more

  Download Policy Note 2019/1 PDF (187.39 KB)
• Policy Note No. 5
  November 29, 2018

  Preventing the Last Crisis

  Jan Kregel
  Abstract

  Ten years after the fall of Lehman Brothers and the collapse of the US financial system, most commentaries remain overly focused on the proximate causes of the last crisis and…more

  Download Policy Note 2018/5 PDF (124.23 KB)
• Policy Note No. 4
  May 31, 2018

  Wage Employment and the Prospects of Women’s Economic Empowerment

  Ajit Zacharias and Thomas Masterson
  Abstract

  In this policy note, Thomas Masterson and Ajit Zacharias address the nexus between wage employment, consumption poverty, and time deficits in the context of Ghana and Tanzania. Based on a…more

  Download Policy Note 2018/4 PDF (394.55 KB)
• Policy Note No. 3
  May 01, 2018

  A Consensus Strategy for a Universal Job Guarantee Program

  L. Randall Wray
  Abstract

  The idea of a universal job guarantee (JG) policy for the United States has become the subject of renewed public debate due to a number of high-profile political endorsements. L….more

  Download Policy Note 2018/3 PDF (165.79 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)
• Policy Note No. 1
  February 06, 2018

  Does the United States Face Another Minsky Moment?

  L. Randall Wray
  Abstract

  It is beginning to look a lot like déjà vu in the United States. According to Senior Scholar L. Randall Wray, the combination of overvalued stocks, overleveraged banks, an undersupervised…more

  Download Policy Note 2018/1 PDF (334.91 KB)
• Policy Note No. 4
  November 09, 2017

  How Time Deficits and Hidden Poverty Undermine the Sustainable Development Goals

  Ajit Zacharias
  Abstract

  The predominant framework for measuring poverty rests on an implicit assumption that everyone has enough time available to devote to household production or enough resources to compensate for deficits in…more

  Download Policy Note 2017/4 PDF (282.68 KB)
• Policy Note No. 3
  July 21, 2017

  Why the Compulsive Shift to Single Payer?

  L. Randall Wray
  Abstract

  The growing political momentum for a universal single-payer healthcare program in the United States is due in part to Republican attempts to repeal and replace the Affordable Care Act (Obamacare)….more

  Download Policy Note 2017/3 PDF (252.09 KB)
• Policy Note No. 2
  July 07, 2017

  The Concert of Interests in the Age of Trump

  Jan Kregel
  Abstract

  If the Trump administration is to fulfill its campaign promises to this age’s “forgotten” men and women, Director of Research Jan Kregel argues, it should embrace the broader lesson of…more

  Download Policy Note 2017/2 PDF (190.65 KB)
• 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)
• Policy Note No. 3
  August 04, 2016

  The Impact of Immigration on the Native-born Unemployed

  Fernando Rios-Avila and Gustavo Canavire-Bacarreza
  Abstract

  In this policy note, Research Scholar Fernando Rios-Avila and Gustavo Canavire-Bacarreza, Universidad EAFIT, observe that immigration in the United States has a small but statistically significant impact on the labor…more

  Download Policy Note 2016/3 PDF (203.60 KB)
• Policy Note No. 2
  April 04, 2016

  The Narrow Path for Brazil

  Abstract

  Brazil is mired in a joint economic and political crisis, and the way out is unclear. In 2015 the country experienced a steep contraction of output alongside elevated inflation, all…more

  Download Policy Note 2016/2 PDF (209.48 KB)
• Policy Note No. 8
  December 17, 2015

  The US Census Asks About Race and Ethnicity: 1980–2020

  Joel Perlmann and Patrick Nevada
  Abstract

  This policy note examines the formulation and reformulation of questions deployed by the US Census Bureau to gather information on racial and ethnic origin in recent decades. The likely outcome…more

  Download Policy Note 2015/8 PDF (274.76 KB)
• Policy Note No. 7
  November 04, 2015

  Losing Ground

  Fernando Rios-Avila
  Abstract

  US labor force participation has continued to fall in the wake of the Great Recession. Improvements in the US unemployment rate reflect the fact that more people are falling out…more

  Download Policy Note 2015/7 PDF (1.33 MB)