Publications

1714 publications found

• Working Paper No. 80
  September 09, 1992

  Growth and Structural Change in China-US Trade

  Hong Wang
  Abstract

  Since the resumption of China-U.S. trade in 1972, and in particular since the establishment of diplomatic relations in early 1979, trade between the two countries has increased dramatically. By 1990,…more

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• Working Paper No. 79
  September 04, 1992

  The Investment Decision of the Post Keynesian Firm

  James R. Crotty and Jonathan A. Goldstein
  Abstract

  In this paper, Crotty and Goldstein undertake the formulation of a model of enterprise investment decision that can provide a microeconomic foundation for the Keynes-Minsky macromodels developed by Delli Gatti…more

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• Working Paper No. 78
  August 10, 1992

  The Predication Semantics Model

  Bruce K. Britton, Deborah McCutchen, and Paul B. Andreassen
  Abstract

  This paper presents and tests the predication semantics model, a computational model of text comprehension. It goes beyond previous case grammar approaches to text comprehension in employing a propositional rather…more

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• Working Paper No. 77
  July 10, 1992

  Credit Markets and Narrow Banking

  Ronnie J. Phillips
  Abstract

  Maurice Allais’s view that the credit created by fractional reserve banking is equivalent to counterfeiting has led him to recommend the separation of the depository and lending functions of banks….more

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• Public Policy Brief No. 1
  July 02, 1992

  Restructuring the Financial Structure

  Alex J. Pollock and Anthony M. Solomon
  Abstract

  To avoid excessive concentration of economic and financial power, Athony M. Solomon recommends institutional and regulatory reform of the financial system by such means as nationwide banking, restrictions on federal…more

  Download Public Policy Brief No. 1, 1992 PDF (7.65 MB)
• Working Paper No. 76
  June 10, 1992

  The “Chicago Plan” and New Deal Banking Reform

  Ronnie J. Phillips
  Abstract

  During the 1930s, there were numerous proposals put forth to modify the financial system. The “Chicago Plan,” submitted in 1933 by economists at the University of Chicago, recommended abolition of…more

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• Working Paper No. 75
  June 01, 1992

  The Role of Unemployment in Triggering Internal Labor Migration

  George W. McCarthy
  Abstract

  George McCarthy’s paper explores the internal migration of labor in response to structural changes in the U.S. economy. He presents an empirical study of the relationship between wage determination and…more

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• Working Paper No. 74
  May 10, 1992

  The Financial Instability Hypothesis

  Hyman P. Minsky
  Abstract

  The Financial Instability Hypothesis (FIH) has both empirical and theoretical aspects that challenge the classic precepts of Smith and Walras, who implied that the economy can be best understood by…more

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• Working Paper No. 73
  May 01, 1992

  Money, Growth, Distribution, and Prices in a Simple Sraffian Economy

  Milind Rao
  Abstract

  Rejecting neoclassical notions of supply and demand, Sraffa demonstrated that relative prices are determined by the profit rate. However, a Sraffa model fails to explicitly describe the determination of output,…more

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• Book Series
  April 01, 1992

  Profits, Deficits, and Instability

  Dimitri B. Papadimitriou
  Abstract

  Business accounting defines profits as total revenue minus total costs. Economic theory uses various definitions of profits according to what is being measured (for example, return to ownership, national income…more

• Working Paper No. 72
  January 11, 1992

  The Capital Development of the Economy and the Structure of Financial Institutions

  Hyman P. Minsky
  Abstract

  This paper evolves from the sharp contrast in Smithian and Keynesian views about the relationship between the financial structure and the economy. The Smithian perspective implies that the financial structure…more

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• Working Paper No. 71
  January 10, 1992

  Macroeconomic Market Incentive Plans

  Kenneth J. Koford and Jeffrey B. Miller
  Abstract

  This paper explores the contemporary debate among economists on the means to move the economy toward high employment without inflation-beyond the traditional instruments of monetary and fiscal policy. The authors…more

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• Working Paper No. 70
  January 09, 1992

  The Distributional Implications of the Tax Changes in the 1980s

  Sourushe Zandvakili
  Abstract

  This paper studies changes in the United States as a consequence of the Economic Recovery Act of 1981 (ERITA), the Tax Equality and Fiscal Responsibility Act of 1982 (TEFRA), and…more

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• Working Paper No. 69
  January 08, 1992

  Reconstituting the United States’ Financial Structure

  Hyman P. Minsky
  Abstract

  Deposit insurance, the savings and loan industry, facets of the insurance industry, and a significant number of private banks have all been plagued by recent collapse. The legislative agenda goes…more

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• Working Paper No. 68
  January 01, 1992

  Transfer and Life Cycle Wealth in Japan, 1974–1984

  David W. Campbell
  Abstract

  This paper measures, via the cumulation of life cycle saving method, the contribution of transfer to total wealth accumulation among worker households from 1974 to 1984. The findings suggest that…more

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• Working Paper No. 67
  December 10, 1991

  Employment Restructuring and the Labor Market Status of Young Black Men in the 1980s

  David R. Howell
  Abstract

  The decline in the employment status of young black men relative to their white peers in the post-1970 U.S. Labor market is the impetus for this research. This paper examines…more

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• Working Paper No. 66
  November 10, 1991

  The Transition to a Market Economy

  Hyman P. Minsky
  Abstract

  The social transformation of Eastern Europe has proceeded much faster, and the destruction of communism’s legitimacy and efficacy has been more complete, than was deemed possible even a few years…more

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• Working Paper No. 65
  November 08, 1991

  A Package of Policies to Permanently Increase Output without Inflation

  Kenneth J. Koford
  Abstract

  Economists have searched for policies that concurrently establish full employment with stable prices and high output. The supply side theorists of the 1980s claimed they could produce increased output with…more

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• Working Paper No. 64
  November 06, 1991

  Market Processes and Thwarting Systems

  Piero Ferri and Hyman P. Minsky
  Abstract

  This paper suggests that there are two longstanding views on business cycles and economic dynamics: One emphasizes endogenous stability plus exogenous disturbances, while the other focuses on endogenous instability plus…more

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• Working Paper No. 63
  September 10, 1991

  Wealth Accumulation of the Elderly in Extended Families in Japan and the Distribution of Wealth within Japanese Cohorts by Household Composition

  David W. Campbell
  Abstract

  This paper is a critique of the literature on transfer wealth accumulation in Japan during the postwar period. The emphasis is on selected works in two areas that are closely…more

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• Working Paper No. 62
  July 10, 1991

  The Changing Contributions of Men and Women to the Level and Distribution of Family Income, 1968–1988

  Maria Cancian, Sheldon Danziger, and Peter Gottschalk
  Abstract

  In the past twenty years, the labor force participation and earnings of women, especially married women, have risen dramatically. Over the same period, men’s earnings have increased only modestly, and…more

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• Working Paper No. 61
  July 09, 1991

  Changes in Earnings Differentials in the 1980s

  McKinley L. Blackburn, David E. Bloom, and Richard B. Freeman
  Abstract

  This paper analyzes changes in U.S. earnings differentials in the 1980s between race, gender, age, and schooling groups. There are four main sets of results to report. First, the economic…more

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• Working Paper No. 60
  July 08, 1991

  Who Are the Truly Poor?

  Lawrence Buron and Robert Haveman
  Abstract

  In this paper we study changes in the prevalence and composition of poverty in the United States over the 1973–1988 period, focusing on the first and last years. Over this…more

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• Working Paper No. 59
  July 07, 1991

  The Health, Earnings Capacity, and Poverty of Single-mother Families

  Steven Hill and Barbara Wolfe
  Abstract

  Approximately 1.4 million single mothers have substantial health problems. Even if they were to work full time, they would be unlikely to earn enough to adequately provide for themselves and…more

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