Publications

1810 publications found

• Strategic Analysis
  December 06, 2011

  Is the Recovery Sustainable?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Greg Hannsgen
  Abstract

  Fiscal austerity is now a worldwide phenomenon, and the global growth slowdown is highly unfavorable for policymakers at the national level. According to our Macro Modeling Team’s baseline forecast, fears…more

  Download Strategic Analysis, December 2011 PDF (1.87 MB)
• Research Project Report
  November 30, 2011

  Direct Job Creation for Turbulent Times in Greece

  Rania Antonopoulos, Dimitri B. Papadimitriou, and Taun Toay
  Abstract

  Countries in crisis round the world face the daunting task of dealing with abrupt increases in unemployment and associated deepening poverty. Greece, in the face of her sovereign debt crisis,…more

  Download Research Project Report, November 30, 2011 PDF (18.23 MB)
• One-Pager No. 21
  November 29, 2011

  Βιοπολιτική και νεοφιλελευθερισμός

  C. J. Polychroniou
  Abstract

  Με την κρίση στην ευρωζώνη να απειλεί την ακεραιότητα της ίδιας της Ευρωπαϊκής Ένωσης, η Γερμανίδα καγκελάριος Αγκελα Μέρκελ συνεχίζει να απορρίπτει το κάλεσμα για την μετατροπή της ΕΚΤ σε…more

  Download Μονοσέλιδο Νο. 21 PDF (413.32 KB)
• One-Pager No. 21
  November 29, 2011

  Biopolitics and Neoliberalism

  C. J. Polychroniou
  Abstract

  With the crisis in the eurozone threatening the integrity of the European Union itself. German Chancellor Angela Merkel continues to brush aside calls to permit the European Central Bank to…more

  Download One-Pager No. 21 PDF (54.49 KB)
• One-Pager No. 20
  November 23, 2011

  Confusion in Euroland

  Dimitri B. Papadimitriou and L. Randall Wray
  Abstract

  As the crisis in Europe spreads, policymakers trot out one inadequate proposal after another, all failing to address the core problem. The possibility of dissolution, whether complete or partial, is…more

  Download One-Pager No. 20 PDF (73.66 KB)
• Policy Note No. 6
  November 22, 2011

  Προς μια εφαρμόσιμη λύση για την ευρωζώνη

  Marshall Auerback
  Abstract

  Αν και δεν προήλθε από οικονομολόγο, η άκαιρη έκφραση «déjà vu ξανά από την αρχή» έρχεται πάντα στο μυαλό με το τέλος σχεδόν κάθε Συνόδου Κορυφής της ΕΕ τα τελευταία…more

  Download Σημειωματα Πολιτικής 2011/6 PDF (553.43 KB)
• Policy Note No. 6
  November 22, 2011

  Toward a Workable Solution for the Eurozone

  Marshall Auerback
  Abstract

  Although it didn’t originate with an economist, the malaprop “It’s déjà vu all over again” is invariably what springs to mind in the aftermath of virtually any euro summit of…more

  Download Policy Note 2011/6 PDF (564.27 KB)
• Working Paper No. 697
  November 22, 2011

  Distribution and Growth

  Claudio Sardoni and Fabrizio Patriarca
  Abstract

  This paper studies the effects of an (exogenous) increase of nominal wages on profits, output, and growth. Inspired by an article by MichaÅ‚ Kalecki (1991), who concentrated on the effects…more

  Download Working Paper No. 697 PDF (447.57 KB)
• One-Pager No. 19
  November 16, 2011

  Το μέλλον της ευρωζώνης δεν ανήκει στη διεύρυνση

  C. J. Polychroniou
  Abstract

  Η επιβίωση της Ευρωπαϊκής Ένωσης εξαρτάται από την ικανότητά της να προβεί σε μεταρρυθμίσεις, είτε μέσω επέκτασης—μεγαλύτερο οικονομικό και δημοσιονομικό συντονισμό προς την κατεύθυνση κάποιου είδους ομοσπονδιακού κράτους—ή με το…more

  Download Μονοσέλιδο Νο. 19 PDF (391.09 KB)
• One-Pager No. 19
  November 16, 2011

  The Future of the Eurozone Does Not Lie with Enlargement

  C. J. Polychroniou
  Abstract

  The European Union’s survival depends on its ability to reform, either through enlargement—greater economic and fiscal coordination in the direction of some sort of federal state—or by getting smaller, with…more

  Download One-Pager No. 19 PDF (47.17 KB)
• Policy Note No. 5
  November 08, 2011

  Η επίλυση της κρίσης της Ευρωζώνης—δίχως εξαγορές χρέους, εθνικές εγγυήσεις, αλληλοασφάλιση, ή δημοσιονομικές μεταβιβάσεις

  Stuart Holland
  Abstract

  Ένας από τους λόγους για την αποτυχία του Ecofin και του Ευρωπαϊκού Συμβουλίου να δώσουν λύση στην κρίση της ευρωζώνης είναι η αντίσταση σε εξαγορές χρέους, κρατικές εγγυήσεις, αλληλοασφάλιση και…more

  Download Σημειώματα Πολιτικής 2011/5 PDF (341.58 KB)
• Policy Note No. 5
  November 08, 2011

  Resolving the Eurozone Crisis—without Debt Buyouts, National Guarantees, Mutual Insurance, or Fiscal Transfers

  Stuart Holland
  Abstract

  One of the reasons for the failure of Europe’s governing bodies to resolve the eurozone crisis is resistance to debt buyouts, national guarantees, mutual insurance, and fiscal transfers between member-states….more

  Download Policy Note 2011/5 PDF (295.48 KB)
• One-Pager No. 18
  November 08, 2011

  Δίδυμες στρατηγικές για την επίλυση της κρίσης στην ευρωζώνη—Δίχως αγορές χρέους, εθνικές εγγυήσεις, ασφαλιστικά σχέδια ή δημοσιονομικές μεταβιβάσεις

  Stuart Holland
  Abstract

  Η ακύρωση της συνεδρίασης της 26ης Οκτωβρίου των Υπουργών Οικονομικών της Ευρωπαϊκής Ένωσης, ή του Ecofin, έχει διαβρώσει περαιτέρω την εμπιστοσύνη στην ικανότητά του να δώσει λύσει στην επιδεινόμενη κρίση…more

  Download Μονοσέλιδο Νο. 18 PDF (423.31 KB)
• One-Pager No. 18
  November 08, 2011

  Twin Strategies to Resolve the Eurozone Crisis—without Debt Buyouts, Sovereign Guarantees, Insurance Schemes, or Fiscal Transfers

  Stuart Holland
  Abstract

  The cancellation of the October 26 meeting of the European Union’s council of finance ministers, or Ecofin, has further eroded confidence in its ability to solve the burgeoning sovereign debt…more

  Download One-Pager No. 18 PDF (46.59 KB)
• Working Paper No. 696
  November 07, 2011

  Time Use of Mothers and Fathers in Hard Times and Better Times

  Günseli Berik and Ebru Kongar
  Abstract

  The US economic crisis and recession of 2007–09 accelerated the convergence of women’s and men’s employment rates as men experienced disproportionate job losses and women’s entry into the labor force…more

  Download Working Paper No. 696 PDF (312.14 KB)
• Working Paper No. 695
  November 07, 2011

  Orthodox versus Heterodox (Minskyan) Perspectives of Financial Crises

  Jesús Muñoz
  Abstract

  Orthodox and heterodox theories of financial crises are hereby compared from a theoretical viewpoint, with emphasis on their genesis. The former view (represented by the fourth-generation models of Paul Krugman)…more

  Download Working Paper No. 695 PDF (413.55 KB)
• Public Policy Brief No. 121
  November 07, 2011

  Debtors’ Crisis or Creditors’ Crisis?

  Jan Kregel
  Abstract

  In the context of the eurozone’s sovereign debt crisis and the US subprime mortgage crisis, Senior Scholar Jan Kregel looks at the question of how we ought to distribute losses…more

  Download Public Policy Brief No. 121, 2011 PDF (323.23 KB)
• One-Pager No. 17
  November 01, 2011

  Greece in the Aftermath of the Debt Haircut

  C. J. Polychroniou
  Abstract

  It is a well-recognized fact that the Greek economy has been going from bad to worse since the first bailout in May 2010, and a leaked document relating to the…more

  Download One-Pager No. 17 PDF (50.31 KB)
• Working Paper No. 694
  October 27, 2011

  Reducing Economic Imbalances in the Euro Area

  Gregor Semieniuk, Till van Treeck, and Achim Truger
  Abstract

  This paper evaluates whether the 2011 national stability programs (SPs) of the euro area countries are instrumental in achieving economic stability in the European Monetary Union (EMU). In particular, we…more

  Download Working Paper No. 694 PDF (2.63 MB)
• One-Pager No. 16
  October 21, 2011

  Beyond Pump Priming

  Pavlina R. Tcherneva
  Abstract

  The American Jobs Act now before Congress relies largely on a policy of aggregate demand management, or “pump priming”: injecting demand into a frail economy in hopes of boosting growth…more

  Download One-Pager No. 16 PDF (73.12 KB)
• Working Paper No. 693
  October 19, 2011

  Euroland in Crisis as the Global Meltdown Picks Up Speed

  Dimitri B. Papadimitriou and L. Randall Wray
  Abstract

  Yet another rescue plan for the European Monetary Union (EMU) is making its way through central Europe, but no one is foolish enough to believe that it will be enough….more

  Download Working Paper No. 693 PDF (288.41 KB)
• One-Pager No. 15
  October 14, 2011

  H αυγή μιας νέας ημέρας για την Ευρώπη

  C. J. Polychroniou
  Abstract

  Η αποτυχία εκ μέρους των ηγετών της ΕΕ να αντιμετωπίσουν αποτελεσματικά την κρίση της ευρωζώνης έχει να κάνει σε μεγάλο βαθμό με το γεγονός ότι η Γερμανία και η Γαλλία…more

  Download Μονοσέλιδο Νο. 15 PDF (403.25 KB)
• One-Pager No. 15
  October 14, 2011

  Dawn of a New Day for Europe?

  C. J. Polychroniou
  Abstract

  Failure on the part of EU leaders to address the eurozone crisis is in large part due to the fact that Germany and France are at opposite poles—politically, economically, and…more

  Download One-Pager No. 15 PDF (51.37 KB)
• Public Policy Brief No. 120
  October 13, 2011

  Waiting for the Next Crash

  L. Randall Wray
  Abstract

  Senior Scholar L. Randall Wray lays out the numerous and critical ways in which we have failed to learn from the latest global financial crisis, and identifies the underlying trends…more

  Download Public Policy Brief No. 120, 2011 PDF (324.50 KB)