Publications

1714 publications found

• Working Paper No. 1011
  September 27, 2022

  The Dynamics of Monthly Changes in US Swap Yields

  Tanweer Akram and Khawaja Mamun
  Abstract

  John Maynard Keynes (1930) asserted that the central bank sways the long-term interest rate through the influence of its policy rate on the short-term interest rate. Recent empirical research shows…more

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• Working Paper No. 1010
  September 06, 2022

  Reflections on Angela Merkel’s Career as Chancellor of Germany and the Greek Financial Odyssey

  George Zestos, Harrison Whittleton, and Alejandro Fernandez-Ribas
  Abstract

  Angela Merkel is the second-longest-serving chancellor of modern Germany, with more than 16 years in office. During her tenure there were many years of economic stability, but there were also…more

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• Strategic Analysis
  August 11, 2022

  Avoiding a Recession

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

  In this report, Institute President Dimitri B. Papadimitriou, Research Scholar Michalis Nikiforos, and Senior Scholar Gennaro Zezza analyze how and why the US economy has achieved a swift recovery in…more

  Download Strategic Analysis, August 2022 PDF (2.20 MB)
• Working Paper No. 1009
  August 08, 2022

  Efficacy of Public Financial Management in Reducing Crime against Children

  Lekha S. Chakraborty
  Abstract

  Public financial management (PFM) has a significant role in linking resources to results by financing human development outcomes. When economic stimulus packages are short run in nature, thematic PFM, such…more

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• Policy Note No. 2022/4
  August 05, 2022

  Social State and Competitiveness

  Alexandra Papaisidorou and Emmanouil Karakostas
• Policy Note No. 2022/4
  August 05, 2022

  Κοινωνικό κράτος και ανταγωνιστικότητα

  Alexandra Papaisidorou and Emmanouil Karakostas
  Abstract

  Με τη δημοσίευση το 1971 της Θεωρίας της δικαιοσύνης του Rawls μας προσφέρεται μια πλήρως επεξεργασμένη πρόταση για τη δίκαιη κοινωνία και τους βασικούς θεσμούς της. Η κοινωνία αυτή είναι…more

  Download Σημείωση Πολιτικής 2022/4 PDF (145.80 KB)
• Research Project Report
  June 30, 2022

  Assessing the Impact of Childcare Expansion in Mexico

  Rania Antonopoulos, Ajit Zacharias, Thomas Masterson, Fernando Rios-Avila, and Luiza Nassif Pires
  Abstract

  There is broad consensus in both research and policy circles that one of the key reasons for a lack of progress in reducing gender gaps in employment and wages is…more

  Download Research Project Report, June 2022 PDF (1.25 MB)
• Working Paper No. 1008
  May 24, 2022

  A GARCH Approach to Modeling Chilean Long-Term Swap Yields

  Tanweer Akram and Khawaja Mamun
  Abstract

  This paper econometrically models the dynamics of the Chilean interbank swap yields based on macroeconomic factors. It examines whether the month-over-month change in the short-term interest rate has a decisive…more

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• Working Paper No. 1007
  May 12, 2022

  School Performance and Child Labor

  Sameh Hallaq and Ayman Khalifah
  Abstract

  The current study aims to investigate the impact of academic achievement on child labor. The study utilizes survey data collected from Palestinian children in West Bank schools who are in…more

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• Policy Note No. 2022/3
  May 12, 2022

  Chile: The Road to Joy Is Paved with Obstacles

  Giuliano Toshiro Yajima
  Abstract

  In the second round of the Chilean presidential elections, the coalition led by Gabriel Boric secured a victory under the premise of delivering long-awaited reforms to a financially volatile, structurally…more

  Download Policy Note 2022/3 PDF (722.12 KB)
• Working Paper No. 1006
  April 29, 2022

  Why the Feldstein-Horioka “Puzzle” Remains Unsolved

  Jesus Felipe, Scott Fullwiler, and Al-Habbyel Yusoph
  Abstract

  This paper argues that the 40-year-old Feldstein-Horioka “puzzle” (i.e., that in a regression of the domestic investment rate on the domestic saving rate, the estimated coefficient is significantly larger than…more

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• Policy Note No. 2022/2
  April 22, 2022

  A Race to the Bottom

  Nikolaos Rodousakis, Vlassis Missos, and George Soklis
  Abstract

  More than a decade after the 2009 crisis, the standards of living of the Greek population are still contracting and the prospects are gloomy. In this policy note, Vlassis Missos,…more

  Download Policy Note 2022/2 PDF (661.02 KB)
• Working Paper No. 1005
  April 15, 2022

  A Prototype Regional Stock-Flow Consistent Model

  Gennaro Zezza and Francesco Zezza
  Abstract

  Starting from the seminal works of Wynne Godley (1999; Godley and Lavoie 2005, 2007a, 2007b), the literature adopting stock-flow consistent (SFC) models for two or more countries has been flourishing,…more

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• Public Policy Brief No. 157
  April 12, 2022

  Is It Time for Rate Hikes?

  L. Randall Wray and Yeva Nersisyan
  Abstract

  Roughly two years into the economic recovery from the COVID-19 crisis, the topic of elevated inflation dominates the economic policy discourse in the United States. And the aggressive use of…more

  Download Public Policy Brief No. 157 PDF (638.88 KB)
• Working Paper No. 1004
  March 18, 2022

  Financial Barriers to Structural Change in Developing Economies

  Lorenzo Nalin and Giuliano Toshiro Yajima
  Abstract

  Liabilities denominated in foreign currency have established a permanent role on emerging market firms’ balance sheets, which implies that changes in both global liquidity conditions and in the value of…more

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• Working Paper No. 1003
  March 04, 2022

  What’s Causing Accelerating Inflation

  L. Randall Wray and Yeva Nersisyan
  Abstract

  This paper examines the recent increase of the measured inflation rate to assess the degree to which the acceleration is due to problems created (largely on the supply side) by…more

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• Strategic Analysis
  March 01, 2022

  Είναι η Ελλάδα στον δρόμο της οικονομικής ανάκαμψης;

  Dimitri B. Papadimitriou, Gennaro Zezza, and Nikolaos Rodousakis
  Abstract

  Σε αυτή τη στρατηγική ανάλυση, ο Πρόεδρος του Ινστιτούτου Δημήτρης Β. Παπαδημητρίου, ο ερευνητής Gennaro Zezza και ο επιστημονικός συνεργάτης Νίκος Ροδουσάκης αναλύουν πώς η ελληνική οικονομία άρχισε να ανακάμπτει…more

  Download Στρατηγικη Αναλυση, Μάρτιος 2022 PDF (653.70 KB)
• Strategic Analysis
  March 01, 2022

  Is Greece on the Road to Economic Recovery?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Nikolaos Rodousakis
  Abstract

  In this strategic analysis, Institute President Dimitri B. Papadimitriou, Research Scholar Gennaro Zezza, and Research Associate Nikos Rodousakis analyze how the Greek economy started to recover from the shock of…more

  Download Strategic Analysis, March 2022 PDF (1.33 MB)
• Policy Note No. 1
  February 25, 2022

  Τι συμβαίνει με τα νέα δεδομένα των ελληνικών Εθνικών Λογαριασμών;

  Dimitri B. Papadimitriou, Gennaro Zezza, and Nikolaos Rodousakis
  Abstract

  Tο 2020, η Ελληνική Στατιστική Αρχή (ΕΛΣΤΑΤ) ξεκίνησε την αναθεώρηση των εθνικών λογαριασμών για την Ελλάδα, προκειμένου να εναρμονιστούν με το νέο Ευρωπαϊκό Σύστημα Λογαριασμών. Τα δεδομένα από τους εθνικούς…more

  Download ΣΗΜΕΙΩΜΑΤΑ ΠΟΛΙΤΙΚΗΣ No. 1 | Μάρτιος 2022 PDF (2.11 MB)
• Policy Note No. 2022/1
  February 25, 2022

  What Is Happening to the New Greek National Accounts Data?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Nikolaos Rodousakis
  Abstract

  In 2020, the Hellenic Statistical Authority (ElStat) started a revision of the national accounts for Greece to bring them into line with the new European System of Accounts. Data from…more

  Download Policy Note 2022/1 PDF (1.17 MB)
• One-Pager No. 69
  February 21, 2022

  Time to Celebrate Modern Money Theory?

  L. Randall Wray and Yeva Nersisyan
  Abstract

  A recent article in the New York Times asks whether Modern Money Theory (MMT) can declare victory after its policies were (supposedly) implemented during the response to the COVID-19 pandemic….more

  Download One-Pager No. 69 PDF (140.61 KB)
• Working Paper No. 1002
  February 04, 2022

  COVID-19 and Fiscal-Monetary Policy Coordination

  Lekha S. Chakraborty and Harikrishnan S
  Abstract

  Against the backdrop of the COVID-19 pandemic, this paper analyzes the economic stimulus packages announced by the Indian national government and tries to identify some plausible fiscal and monetary policy…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. 999
  January 18, 2022

  Structural Change, Productive Development, and Capital Flows

  Alberto Botta, Giuliano Toshiro Yajima, and Gabriel Porcile
  Abstract

  The outbreak of COVID-19 brought back to the forefront the crucial importance of structural change and productive development for economic resilience to economic shocks. Several recent contributions have already stressed…more

  Download Working Paper No. 999 PDF (583.65 KB)