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1699 publications found
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Working Paper No. 634November 03, 2010
How Brazil Can Defend Against Financialization and Keep Its Economic Surplus for Itself
AbstractThe post-1945 mode of global integration has outlived its early promise. It has become exploitative rather than supportive of capital investment, public infrastructure, and living standards. In the sphere of…more
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Working Paper No. 633November 02, 2010
Immigrant Parents’ Attributes versus Discrimination
AbstractThere is much interest in explaining the persistent ethnic gaps in education among Israeli Jews; specifically, the much lower attainments of those from Asian and African countries compared to the…more
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Working Paper No. 632November 01, 2010
The Household Sector Financial Balance, Financing Gap, Financial Markets, and Economic Cycles in the US Economy
AbstractThis paper investigates private net saving in the US economy—divided into its principal components, households and (nonfinancial) corporate financial balances—and its impact on the GDP cycle from the 1980s to…more
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Working Paper No. 631October 31, 2010
Exploring the Philippine Economic Landscape and Structural Change Using the Input-Output Framework
AbstractThis paper explores the degree of structural change of the Philippine economy using the input-output framework. It examines how linkages among economic sectors evolved over 1979–2000, and identifies which economic…more
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Public Policy Brief No. 116October 28, 2010
An Alternative Perspective on Global Imbalances and International Reserve Currencies
AbstractThe stability of the international reserve currency’s purchasing power is less a question of what serves as that currency and more a question of the international adjustment mechanism, as well…more
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Working Paper No. 630October 26, 2010
Managing Finance in Emerging Economies
AbstractIndia has been experiencing rising inflows of overseas capital since the deregulation of its financial sector. Often looked upon as a success story among other emerging economies, the country has…more
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Working Paper No. 629October 25, 2010
The Impact of Geography and Natural Resource Abundance on Growth in Central Asia
AbstractThis paper examines the growth experience of the Central Asian economies after the breakup of the Soviet Union. In particular, it evaluates the impact of being landlocked and resource rich….more
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Policy Notes No. 3October 22, 2010
Why the IMF Meetings Failed, and the Coming Capital Controls
AbstractThe global financial breakdown is part of the price to be paid for the refusal of the Federal Reserve and Treasury to accept a prime axiom of banking: debts that…more
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Working Paper No. 628October 21, 2010
The Role of Trade Facilitation in Central Asia
AbstractWith a decrease in formal trade barriers, trade facilitation has come into prominence as a policy tool for promoting trade. In this paper, we use a gravity model to examine…more
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Working Paper No. 627October 19, 2010
The Transition from Industrial Capitalism to a Financialized Bubble Economy
AbstractFor the past decade, the US economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading…more
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Working Paper No. 626October 11, 2010
Technical Change in India’s Organized Manufacturing Sector
AbstractWe use the real wage–profit rate schedule to examine the direction of technical change in India’s organized manufacturing sector during 1980–2007. We find that technical change was Marx biased (i.e.,…more
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Working Paper No. 625October 10, 2010
A Post Keynesian Perspective on the Rise of Central Bank Independence
AbstractThis paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late…more
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Working Paper No. 624September 30, 2010
A Reassessment of the Use of Unit Labor Costs as a Tool for Competitiveness and Policy Analyses in India
AbstractWe reinterpret unit labor costs (ULC) as the product of the labor share in value added, times a price adjustment factor. This allows us to discuss the functional distribution of…more
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Working Paper No. 623September 28, 2010
The Meltdown of the Global Economy
AbstractThe enormity and pervasiveness of the global economic crisis that began in 2008 makes it relevant to analyze the circumstances that can explain this catastrophe. This will also provide clues…more
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Working Paper No. 622September 27, 2010
Innocent Frauds Meet Goodhart’s Law in Monetary Policy
AbstractThis paper discusses recent UK monetary policies as instances of John Kenneth Galbraith’s “innocent fraud,” including the idea that money is a thing rather than a relationship, the fallacy of…more
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Working Paper No. 621September 25, 2010
Gendered Aspects of Globalization
AbstractWe need to go beyond the accepted notions relating to the role of women in the economy and society, especially in terms of what is recognized in mainstream theory and…more
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Book SeriesSeptember 23, 2010
The Elgar Companion to Hyman Minsky
AbstractHyman Minsky’s analysis, in the early 1990s, of the capitalist economy’s transformation in the postwar period accurately predicted the global financial meltdown that began in late 2007. With the republication…more
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Working Paper No. 620September 20, 2010
Measuring Poverty Using Both Income and Wealth
AbstractThis paper presents a comparative analysis of the approaches to poverty based on income and wealth that have been proposed in the literature. Two types of approaches are considered: those…more
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Working Paper No. 619September 19, 2010
Asia and the Global Crisis
AbstractThe global crisis of 2007–09 affected developing Asia largely through a decline in exports to the developed countries and a slowdown in remittances. This happened very quickly, and by 2009…more
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Working Paper No. 618September 16, 2010
Quality of Match for Statistical Matches Used in the 1992 and 2007 LIMEW Estimates for the United States
AbstractThe quality of match of four statistical matches used in the LIMEW estimates for the United States for 1992 and 2007 is described. The first match combines the 1992 Survey…more
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Working Paper No. 617September 15, 2010
How to Sustain the Chinese Economic Miracle?
AbstractThis paper investigates China’s role in creating global imbalances, and the related call for a massive renminbi revaluation as a (supposed) panacea to forestall their reemergence as the world economy…more
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Public Policy Brief No. 115September 13, 2010
What Should Banks Do?
AbstractIn this new brief, Senior Scholar L. Randall Wray examines the later works of Hyman P. Minsky, with a focus on Minsky’s general approach to financial institutions and policy. The…more
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Working Paper No. 616September 09, 2010
Product Complexity and Economic Development
AbstractWe rank 5,107 products and 124 countries according to the Hidalgo and Hausmann (2009) measures of complexity. We find that: (1) the most complex products are in machinery, chemicals, and…more
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Working Paper No. 615September 01, 2010
Quality of Match for Statistical Matches Used in the 1999 and 2005 LIMEW Estimates for Canada
AbstractThe quality of match of four statistical matches used in the LIMEW estimates for Canada for 1999 and 2005 is described. The first match combines the 1999 Survey of Financial…more
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