Publications

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

184 publications found, searching for 'Policy Note '

• Policy Note No. 9
  September 01, 1999

  1999 Levy Institute Survey of Small Business

  Jamee K. Moudud
  Abstract

  Modest sales expectations and limited access to bank credit may be curtailing small businesses’ plans for hiring and capital investment.

  Download Policy Note 1999/9 PDF (86.57 KB)
• Policy Note No. 8
  August 20, 1999

  More Pain, No Gain

  Dimitri B. Papadimitriou and L. Randall Wray
  Abstract

  Neither the Breaux plan nor President Clinton’s proposal for “saving” Social Security promises much gain, but the Breaux plan, unlike the president’s proposal, would inflict real pain in the form…more

  Download Policy Note 1999/8 Revision PDF (72.39 KB)
• Policy Note No. 7
  July 01, 1999

  Capital Income Taxes and Economic Performance

  Steven M. Fazzari
  Abstract

  Tax reform that reduces tax rates on capital income, no matter how successful it is in reducing the user cost of capital, will have at best minimal effects on capital…more

  Download Policy Note 1999/7 PDF (80.22 KB)
• Policy Note No. 6
  June 01, 1999

  The Minimum Wage Can Be Raised

  Oren Levin-Waldman
  Abstract

  Survey responses make it clear the minimum wage can be raised. The question now is, How high can it be raised before serious employment consequences occur?

  Download Policy Note 1999/6 PDF (82.56 KB)
• Policy Note No. 5
  May 01, 1999

  How Can We Provide for the Baby Boomers in Their Old Age?

  Dimitri B. Papadimitriou and L. Randall Wray
  Abstract

  The search for the solution to the problems faced by the Social Security system should focus not on how to amend OASDI but on how best to achieve faster long-term…more

  Download Policy Note 1999/5 PDF (73.51 KB)
• Policy Note No. 4
  April 01, 1999

  Can Goldilocks Survive?

  Wynne Godley and L. Randall Wray
  Abstract

  Growing government budget surpluses combined with growing trade deficits have generated record private sector deficits. Unless households continue to reduce their saving—creating an increasingly unsustainable debt burden—the impetus that has…more

  Download Policy Note 1999/4 PDF (69.00 KB)
• Policy Note No. 3
  March 01, 1999

  Surplus Mania

  L. Randall Wray
  Abstract

  A federal government surplus has finally been achieved, and it has been met with pronouncements that it is a great gift for the future and with arguments about what to…more

  Download Policy Note 1999/3 PDF (87.61 KB)
• Policy Note No. 2
  February 01, 1999

  The Emperor Has No Clothes

  L. Randall Wray
  Abstract

  If you were to write yourself IOUs to provide for your retirement and put them in a safety deposit box, would you rest comfortably, assured that you would be able…more

  Download Policy Note 1999/2 PDF (53.97 KB)
• Policy Note No. 1
  January 01, 1999

  How Negative Can US Saving Get?

  Wynne Godley and Bill Martin
  Abstract

  In 1998 the volume of private spending in the United States rose by almost twice the increase in disposable income. The impact of this excess private spending financed by increased…more

  Download Policy Note 1999/1 PDF (58.40 KB)
• Policy Note No. 7
  July 01, 1998

  Goldilocks and the Three Bears

  L. Randall Wray
  Abstract

  Unlike the Papa, Mama, and Baby Bears faced by the storybook Goldilocks, our Goldilocks faced three ferocious grizzlies: a cascading, global financial crisis, global deflation and excess capacity (or insufficient…more

  Download Policy Note 1998/7 PDF (71.04 KB)
• Policy Note No. 6
  June 01, 1998

  What to Do with the Surplus

  Dimitri B. Papadimitriou and L. Randall Wray
  Abstract

  Neither Congress nor the president is on the right track. Rather than protecting the surplus, we should be increasing spending and cutting taxes to contain the looming world recession.

  Download Policy Note 1998/6 PDF (120.12 KB)
• Policy Note No. 5
  May 01, 1998

  The Fed Should Lower Interest Rates More

  Dimitri B. Papadimitriou and L. Randall Wray
  Abstract

  Some analysts have argued against monetary ease, fearing that it might fuel a speculative boom. Alas, given the recent substantial “market correction,” this objection may safely be put away.

  Download Policy Note 1998/5 PDF (71.24 KB)
• Policy Note No. 4
  April 01, 1998

  Small Business and the New Welfare

  Oren Levin-Waldman and George W. McCarthy
  Abstract

  To what extent have small businesses hired former welfare recipients and what might induce them to hire more? The Levy Institute conducts a national survey of small firms in many…more

  Download Policy Note 1998/4 PDF (64.21 KB)
• Policy Note No. 3
  March 01, 1998

  Small Business and the Minimum Wage

  Oren Levin-Waldman and George W. McCarthy
  Abstract

  To what extent have small businesses hired former welfare recipients and what might induce them to hire more? Do small businesses change their hiring and employment practices in response to…more

  Download Policy Note 1998/3 PDF (93.68 KB)
• Policy Note No. 2
  February 01, 1998

  How Should the Surpluses Be Spent?

  David Alan Aschauer
  Abstract

  The federal budget deficit is disappearing; some shadows linger, but the latest Congressional Budget Office projections put the government budget in deficit by only $5 billion in fiscal year 1998,…more

  Download Policy Note 1998/2 PDF (79.87 KB)
• Policy Note No. 1
  January 01, 1998

  Welfare Graduates

  Thomas Karier
  Abstract

  Are the effects of college-level education on income and financial independence positive enough to make it worthwhile for states to extend support to qualified welfare recipients to enable them to…more

  Download Policy Note 1998/1 PDF (74.35 KB)