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Public Policy Brief No. 10November 10, 1993
Job-lock: An Impediment to Labor Mobility?
AbstractRecent survey results and anecdotal evidence appear to indicate that workers sometimes sacrifice job opportunities by remaining in their current position in order to retain health benefits. If “job-lock” is…more
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Working Paper No. 101November 01, 1993
Technological Change and the Demand for Skills in the 1980s
AbstractNo further information available.
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Working Paper No. 100October 20, 1993
Avoiding a Future of Unemployment and Low Wages
AbstractNo further information available.
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Public Policy Brief No. 9October 09, 1993
The Investment-Finance Link
AbstractThe author of this brief offers evidence that policies aimed at stimulating private sector investment through interest rate reductions are, at best, misguided. He concludes that, while there may be…more
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Working Paper No. 99October 01, 1993
Government Deficits, Liquidity Preference, and Schumpeterian Innovation
AbstractWray asserts that rigorous analyses of the role played by innovation in economic development must acknowledge the contribution of Joseph Schumpeter. However, the author suggests that the current stagnation confronting…more
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Public Policy Brief No. 8September 08, 1993
Financing Prosperity in the Next Century
AbstractThe authors of this brief propose a series of reforms aimed at making bank regulations compatible with the changing financial system. They present evidence to support their contention that change…more
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Working Paper No. 98September 01, 1993
Investment and US Fiscal Policy in the 1990s
AbstractIn this working paper, Steven Fazzari presents new empirical research that attempts to measure the relative strength of fiscal policy on investment through the cost of capital, firms’ financial circumstances,…more
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Working Paper No. 97August 01, 1993
Is Health Insurance Crippling the Labor Market?
AbstractWhile discussion about health care encompasses a wide array of issues—inadequate access, the growing share of national resources devoted to health care, the incidence of cost-shifting from the uninsured to…more
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Working Paper No. 96June 10, 1993
Mortgage Default among Rural, Low Income Borrowers
AbstractIn this working paper, Quercia, McCarthy, and Stegman use data obtained on 874 low income, rural borrowers participating in the Section 502 Home Ownership program administered by the Farmer’s Home…more
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Public Policy Brief No. 7June 07, 1993
Immigration Policy: A Tool of Labor Economics?
AbstractVernon M. Briggs argues that, while mass immigration in the past was consistent with then-existing labor market needs, today it is incompatible with the nation’s economic development trends and labor…more
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Working Paper No. 95May 10, 1993
The Community Reinvestment Act, Lending Discrimination, and the Role of Community Development Banks
AbstractThe Community Development Banks (CDBs) should not be seen as a substitute for the Community Reinvestment Act (CRA) or for other programs designed to revitalize lower income areas. Rather, they…more
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Working Paper No. 94May 09, 1993
Productivity, Private and Public Capital, and Real Wage in the United States, 1948–1990
AbstractNo further information available.
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Working Paper No. 93May 08, 1993
Finance and Stability
AbstractOnce again the United States economy is facing a crisis, resolution of which first requires the realization that there are many types of capitalism: Solutions implemented in the past, therefore,…more
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Working Paper No. 92May 07, 1993
The Current State of Banking Reform
AbstractBanking reform has always been a part of the political agenda, although policy tends to focus on the specific concerns of the public at the time of crisis; as times…more
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Public Policy Brief No. 6May 06, 1993
A Path to Community Development
AbstractΗ δημιουργία ενός εθνικού συστήματος τραπεζών κοινοτικής ανάπτυξης θα βοηθούσε να καλυφθεί το χρηματοδοτικό κενό σε περιοχές που δεν εξυπηρετούνται επαρκώς από τις παραδοσιακές τράπεζες παρά τις απαιτήσεις της Πράξης…more
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Public Policy Brief No. 6May 06, 1993
A Path to Community Development
AbstractThe establishment of a system of federally regulated, for-profit community development banks (CDBs) would help to fill the financial gap in areas inadequately served by traditional banks, requirements of the…more
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Public Policy Brief No. 5May 05, 1993
The Limits of Prudential Supervision
AbstractAccording to Bernard Shull, although the recent round of banking legislation—most notably the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) and the Federal Deposit Insurance Corporation Improvement Act (FDICIA)—did…more
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Working Paper No. 91May 01, 1993
A Comparison of Proposals to Restructure the US Financial System
AbstractThis paper illustrates the potential for risk diversification through the common ownership of a hypothetical bank and nonbanking firm. The illustration has several implications for proposals for restructuring the financial…more
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Working Paper No. 90April 10, 1993
Narrow Banks
AbstractRecent banking problems have prompted a variety of proposals for reforming deposit insurance and the banking system. Nearly all of these proposals, however, suffer from a common flaw—they would fail…more
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Working Paper No. 89April 01, 1993
Profits for Economists
AbstractThere is no single best estimate of profits because different purposes require measures. For example, profits in national income should be different than profits in financial statements. But given these…more
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Working Paper No. 88March 10, 1993
Limits of Prudential Supervision
AbstractBank supervision typically receives little if any attention when banks are operating without difficulty. But when banks fail in large numbers, or large banks fail, and the system itself is…more
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Working Paper No. 87March 09, 1993
The Psychology of Risk
AbstractRisk is commonly defined in negative terms-the probability of suffering a loss or factors and actions involving uncertain dangers or hazards. On the other hand, the term risk as used…more
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Working Paper No. 86March 08, 1993
The Origins of Money and the Development of the Modern Financial System
AbstractThe origins of money and banking are explained in nearly every introduction money and banking course, but Wray proposes an alternative approach that emerges from a comparative analysis of economic…more
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Public Policy Brief No. 4March 03, 1993
Public Infrastructure Investment: A Bridge to Productivity Growth?
AbstractThis brief presents contrasting views on the effects of public infrastructure investment on private sector productivity. David Alan Aschauer states that the slower rate of productivity growth since the early…more
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