Publications

1699 publications found

• Public Policy Brief No. 133
  May 14, 2014

  Dead Economic Dogmas Trump Recovery: The Continuing Crisis in the Eurozone Periphery

  C. J. Polychroniou
  Abstract

  The “happy talk” emanating from eurozone officials regarding the economic crises in the periphery deserves some vigorous pushback. Focusing on the four bailed-out countries of Greece, Ireland, Portugal, and Spain,…more

  Download Public Policy Brief No. 133, 2014 PDF (297.24 KB)
• Working Paper No. 800
  May 08, 2014

  Autonomy-enhancing Paternalism

  Martin Binder and Leonhard K. Lades
  Abstract

  Behavioral economics has shown that individuals sometimes make decisions that are not in their best interests. This insight has prompted calls for behaviorally informed policy interventions popularized under the notion…more

  Download Working Paper No. 800 PDF (613.47 KB)
• Working Paper No. 799
  May 06, 2014

  Monetary Mechanics

  Abstract

  This paper develops the framework of analysis of monetary systems put together by authors such as Macleod, Keynes, Innes, and Knapp. This framework does not focus on the functions performed…more

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• Working Paper No. 799
  May 06, 2014

  Νομισματική μηχανική

  Abstract

  Η παρούσα εργασία αναπτύσσει το πλαίσιο της ανάλυσης των νομισματικών συστημάτων που διαμορφώθηκε από οικονομολόγους όπως ο Macleod, ο Keynes, ο Innes και ο Knapp. Το συγκεκριμένο πλαίσιο δεν εστιάζει…more

  Download Επιστημονική Εργασία υπό Εξέλιξη (Working Paper) No. 799 PDF (617.69 KB)
• Public Policy Brief No. 132
  May 05, 2014

  How Poor Is Turkey? And What Can Be Done About It?

  Ajit Zacharias, Thomas Masterson, and Emel Memiş
  Abstract

  Gauging the severity of poverty in a given country requires a reasonably comprehensive measurement of whether individuals and households are surpassing some basic threshold of material well-being. This would seem…more

  Download Public Policy Brief No. 132, 2014 PDF (555.49 KB)
• Public Policy Brief No. 132
  May 05, 2014

  Πόσο φτωχή είναι η Τουρκία και τι μπορεί να γίνει

  Ajit Zacharias, Thomas Masterson, and Emel Memiş
  Abstract

  H μέτρηση της σοβαρότητας της φτώχειας σε μια δεδομένη χώρα πρέπει να εξετάζει με έναν αρκετά περιεκτικό τρόπο το κατά πόσο τα άτομα και τα νοικοκυριά ξεπερνούν κάποιο βασικό όριο…more

  Download Κείμενο (Brief) Δημόσιας Πολιτικής Νο. 132 PDF (4.63 MB)
• Research Project Report
  May 01, 2014

  Time Deficits and Poverty

  Ajit Zacharias, Thomas Masterson, and Emel Memiş
  Abstract

  Official poverty lines in Turkey and other countries often ignore the fact that unpaid household production activities that contribute to the fulfillment of material needs and wants are essential for…more

  Download Research Project Report, May 2014 PDF (2.30 MB)
• Working Paper No. 798
  May 01, 2014

  Quality of Match for Statistical Matches Using the American Time Use Survey 2010, the Survey of Consumer Finances 2010, and the Annual Social and Economic Supplement 2011

  Fernando Rios-Avila
  Abstract

  This paper describes the quality of the statistical matching between the March 2011 supplement to the Current Population Survey and the 2010 American Time Use Survey and Survey of Consumer…more

  Download Working Paper No. 798 PDF (704.11 KB)
• Strategic Analysis
  April 25, 2014

  Αποτελεί η αυξανόμενη ανισότητα εμπόδιο στην οικονομική ανάκαμψη των ΗΠΑ;

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

  Η οικονομία των Ηνωμένων Πολιτειών αναπτύσσεται με μέτριο ρυθμό μετά από την επίσημη λήξη της Ύφεσης το 2009. Το έλλειμμα του προϋπολογισμού μειώνεται σταθερά, ο πληθωρισμός βρίσκεται υπό έλεγχο και…more

  Download Στρατηγικη Αναλυση, Απρίλιος 2014 PDF (921.28 KB)
• Strategic Analysis
  April 25, 2014

  Is Rising Inequality a Hindrance to the US Economic Recovery?

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

  The US economy has been expanding moderately since the official end of the Great Recession in 2009. The budget deficit has been steadily decreasing, inflation has remained in check, and…more

  Download Strategic Analysis, April 2014 PDF (733.90 KB)
• Working Paper No. 797
  April 23, 2014

  Gender-responsive Budgeting as Fiscal Innovation

  Lekha S. Chakraborty
  Abstract

  Gender-responsive budgeting (GRB) is a fiscal innovation. Innovation, for the purposes of this paper, is defined as a way of transforming a new concept into tangible processes, resources, and institutional…more

  Download Working Paper No. 797 PDF (303.29 KB)
• Research Project Report
  April 11, 2014

  Federal Reserve Bank Governance and Independence during Financial Crisis

  L. Randall Wray
  Abstract

  This monograph is part of the Levy Institute’s Research and Policy Dialogue Project on Improving Governance of the Government Safety Net in Financial Crisis, a two-year project funded by the…more

  Download Research Project Report, April 2014 PDF (1.33 MB)
• Public Policy Brief No. 131
  April 08, 2014

  Ο Μίνσκι και η δυναμική μακροπροληπτική ρύθμιση

  Jan Kregel
  Abstract

  Στο πλαίσιο των σημερινών συζητήσεων σχετικά με την κατάλληλη μορφή της μακροληπτικής ρύθμισης και των προτάσεων για την επιβολή ορίων στα επίπεδα ρευστότητας και κεφαλαίων, ο ανώτατος μελετητής Jan Kregel…more

  Download Κείμενο (Brief) Δημόσιας Πολιτικής Νο. 131 PDF (594.78 KB)
• Public Policy Brief No. 131
  April 08, 2014

  Minsky and Dynamic Macroprudential Regulation

  Jan Kregel
  Abstract

  In the context of current debates about the proper form of prudential regulation and proposals for the imposition of liquidity and capital ratios, Senior Scholar Jan Kregel examines Hyman Minsky’s…more

  Download Public Policy Brief No. 131, 2014 PDF (279.34 KB)
• Working Paper No. 796
  April 04, 2014

  Minsky and the Subprime Mortgage Crisis

  Eugenio Caverzasi
  Abstract

  The aim of this paper is to develop a structural explanation of the subprime mortgage crisis, grounded on the combination of two apparently incompatible financial theories: the financial instability hypothesis…more

  Download Working Paper No. 796 PDF (468.44 KB)
• Working Paper No. 795
  April 04, 2014

  Growth with Unused Capacity and Endogenous Depreciation

  Claudio Sardoni and Fabrizio Patriarca
  Abstract

  This paper contributes to the debate on income growth and distribution from a nonmainstream perspective. It looks, in particular, at the role that the degree of capacity utilization plays in…more

  Download Working Paper No. 795 PDF (1.40 MB)
• Working Paper No. 794
  March 31, 2014

  Structural Asymmetries at the Roots of the Eurozone Crisis

  Alberto Botta
  Abstract

  In this paper, we analyze and try to measure productive and technological asymmetries between central and peripheral economies in the eurozone. We assess the effects such asymmetries would likely bring…more

  Download Working Paper No. 794 PDF (831.22 KB)
• Working Paper No. 793
  March 27, 2014

  Quality of Statistical Match and Employment Simulations Used in the Estimation of the Levy Institute Measure of Time and Income Poverty (LIMTIP) for South Korea, 2009

  Thomas Masterson
  Abstract

  The quality of match of the statistical match used in the LIMTIP estimates for South Korea in 2009 is described. The match combines the 2009 Korean Time Use Survey (KTUS…more

  Download Working Paper No. 793 PDF (1.56 MB)
• Working Paper No. 792
  March 05, 2014

  From the State Theory of Money to Modern Money Theory

  L. Randall Wray
  Abstract

  This paper explores the intellectual history of the state, or chartalist, approach to money, from the early developers (Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard…more

  Download Working Paper No. 792 PDF (457.69 KB)
• Working Paper No. 791
  March 05, 2014

  Central Bank Independence

  L. Randall Wray
  Abstract

  It is commonplace to speak of central bank “independence” as if it were both a reality and a necessity. While the Federal Reserve is subject to the “dual mandate,” it has…more

  Download Working Paper No. 791 PDF (1.14 MB)
• Working Paper No. 790
  March 05, 2014

  Changes in Global Trade Patterns and Women’s Employment in Manufacturing

  Emel Memiş, Burca Kizilirmak, Şirin Saraçoğlu, and Ebru Voyvoda
  Abstract

  The purpose of this study is to explore the employment effects of changes in manufacturing output resulting from shifting trade patterns over the period 1995–2006. For 30 countries (21 OECD…more

  Download Working Paper No. 790 PDF (1.56 MB)
• Working Paper No. 789
  March 03, 2014

  Full Employment

  Pavlina R. Tcherneva
  Abstract

  It is common knowledge that John Maynard Keynes advocated bold government action to deal with recessions and unemployment. What is not commonly known is that modern “Keynesian policies” bear little,…more

  Download Working Paper No. 789 PDF (312.96 KB)
• Working Paper No. 789
  March 03, 2014

  Πλήρης Απασχόληση

  Pavlina R. Tcherneva
  Abstract

  Είναι κοινώς γνωστό ότι ο John Maynard Keynes υπήρξε ο βασικός υποστηρικτής του κρατικού παρεμβατισμού για την αντιμετώπιση της ύφεσης και της ανεργίας. Αυτό που δεν είναι ευρέως γνωστό είναι…more

  Download Επιστημονική Εργασία υπό Εξέλιξη (Working Paper) No. 789 PDF (338.17 KB)
• Working Paper No. 788
  March 03, 2014

  Modern Money Theory and Interrelations between the Treasury and the Central Bank

  Abstract

  One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unconstrained by hard financial…more

  Download Working Paper No. 788 PDF (363.39 KB)