Publications

1699 publications found

• Working Paper No. 926
  April 25, 2019

  Fiscal Stabilization in the United States

  Plamen Nikolov and Paolo Pasimeni
  Abstract

  The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath of the Great Recession, and the experience of a monetary union equipped with…more

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• One-Pager No. 59
  April 23, 2019

  The Limitations of the “Populism” Explanation

  Joel Perlmann
  Abstract

  Some common accounts of “populism” and its causes risk leading us away from understanding what is happening today in parts of the democratic West, according to Senior Scholar Joel Perlmann….more

  Download One-Pager No. 59 PDF (130.49 KB)
• Policy Notes No. 1
  April 16, 2019

  A Proposal to Create a European Safe Asset

  Paolo Savona
  Abstract

  While a consensus has formed that the eurozone’s economic governance mechanisms must be reformed, and some progress has been made on this front, what has been agreed to so far…more

  Download Policy Note 2019/1 PDF (187.39 KB)
• Strategic Analysis
  April 15, 2019

  Can Redistribution Help Build a More Stable Economy?

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

  Although the ongoing recovery is about to become the longest in the history of the United States, it is also the weakest in postwar history, and as we enter the…more

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• Working Paper No. 925
  April 08, 2019

  An Institutional Analysis of China’s Reform of their Monetary Policy Framework

  Zengping He and Genliang Jia
  Abstract

  This paper traces the history of China’s reform of its monetary policy framework and analyzes its success and problems. In the context of financial marketization and the failure of the…more

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• Research Project Report
  April 01, 2019

  Investing in Early Childhood Education and Care in Kyrgyz Republic

  Kijong Kim and İpek Ilkkaracan
  Abstract

  Expansion of early childhood education and care (ECEC) services for all is a matter of the choices made regarding the allocation of public resources. As such, it is as much…more

  Download Research Project Report, April 2019 PDF (348.37 KB)
• Public Policy Brief No. 147
  March 18, 2019

  Globalization, Nationalism, and Clearing Systems

  Jan Kregel
  Abstract

  As global market integration collides with growing demands for national political sovereignty, Senior Scholar Jan Kregel contrasts two diametrically opposed approaches to managing the tensions between international financial coordination and national…more

  Download Public Policy Brief No. 147, 2019 PDF (292.21 KB)
• Working Paper No. 924
  February 27, 2019

  Induced Shifting Involvements and Cycles of Growth and Distribution

  Michalis Nikiforos
  Abstract

  The paper builds on the concept of (shifting) involvements, originally proposed by AlbertHirschman (2002 [1982]). However, unlike Hirschman, the concept is framed in class terms. A model is presented where…more

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• Working Paper No. 923
  February 06, 2019

  Economic Planning under Capitalism

  Abstract

  By the beginning of the 20th century, the possibility and efficacy of economic planning was believed to have been proven by totalitarian experiments in Germany, the Soviet Union, and, to…more

  Download Working Paper No. 923 PDF (256.17 KB)
• Working Paper No. 922
  February 05, 2019

  It Pays to Study for the Right Job

  Fernando Rios-Avila and Fabiola Saavedra Caballero
  Abstract

  With the rapid increase in educational attainment, technological change, and greater job specialization, decisions regarding human capital investment are no longer exclusively about the quantity of education, but rather the…more

  Download Working Paper No. 922 PDF (323.81 KB)
• Book Series
  February 01, 2019

  Macroeconomics

  L. Randall Wray, William Mitchell, and Martin Watts
  Abstract

  This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches…more

• Working Paper No. 921
  January 29, 2019

  Social Policy in Mexico and Argentina

  Martha Tepepa
  Abstract

  This paper is a comparison between two programs implemented to combat poverty in Latin America: Prospera (Prosper) in Mexico and Asignación Universal por Hijo (Universal Assignment for Child) in Argentina. The…more

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• Working Paper No. 920
  January 17, 2019

  Macroeconomic Policy Effectiveness and Inequality

  Lekha S. Chakraborty, Marian Ingrams, and Yadawendra Singh
  Abstract

  Gender budgeting is a fiscal approach that seeks to use a country’s national and/or local budget(s) to reduce inequality and promote economic growth and equitable development. While the literature has…more

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• Working Paper No. 919
  January 16, 2019

  On the Design of Empirical Stock-Flow-Consistent Models

  Gennaro Zezza and Francesco Zezza
  Abstract

  While the literature on theoretical macroeconomic models adopting the stock-flow-consistent (SFC) approach is flourishing, few contributions cover the methodology for building a SFC empirical model for a whole country. Most…more

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• Working Paper No. 918
  December 13, 2018

  Investment Decisions under Uncertainty

  Sunanda Sen
  Abstract

  Divergent trends, as observed, between growth in the financial and real sectors of the global economy entail the need for further research, especially on the motivations behind investment decisions. Investments…more

  Download Working Paper No. 918 PDF (315.98 KB)
• Policy Notes No. 5
  November 29, 2018

  Preventing the Last Crisis

  Jan Kregel
  Abstract

  Ten years after the fall of Lehman Brothers and the collapse of the US financial system, most commentaries remain overly focused on the proximate causes of the last crisis and…more

  Download Policy Note 2018/5 PDF (124.23 KB)
• One-Pager No. 58
  November 09, 2018

  A Citizenship Question on the US Census

  Joel Perlmann
  Abstract

  The Trump administration is facing a legal challenge to its efforts to add a citizenship question to the 2020 decennial census—a question that was first included in 1890, but has…more

  Download One-Pager No. 58 PDF (131.63 KB)
• Working Paper No. 917
  October 22, 2018

  Two Harvard Economists on Monetary Economics

  Iván D. Velasquez
  Abstract

  In November 1987, Hyman Minsky visited Bogotá, Colombia, after being invited by a group of professors who at that time were interested in post-Keynesian economics. There, Minsky delivered some lectures,…more

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• Working Paper No. 916
  October 02, 2018

  Unconventional Monetary Policies and Central Bank Profits

  Jörg Bibow
  Abstract

  This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of 2008–9, focusing on a select…more

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• Working Paper No. 915
  September 19, 2018

  Black Employment Trends since the Great Recession

  Thomas Masterson
  Abstract

  The Great Recession had a devastating impact on labor force participation and employment. This impact was not unlike other recessions, except in size. The recovery, however, has been unusual not…more

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• One-Pager No. 57
  September 10, 2018

  Stagnating Economic Well-Being Amid Rising Government Support

  Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  The Levy Institute Measure of Economic Well-Being (LIMEW) was designed to provide a more comprehensive understanding of the changes affecting household living standards. Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila…more

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• Working Paper No. 914
  September 05, 2018

  Quality of Match for Statistical Matches Using the American Time Use Survey 2013, the Survey of Consumer Finances 2013, and the Annual Social and Economic Supplement 2014

  Fernando Rios-Avila
  Abstract

  This paper describes the quality of the statistical matching between the March 2014 supplement to the Current Population Survey (CPS) and the 2013 American Time Use Survey (ATUS) and Survey…more

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• Working Paper No. 913
  August 31, 2018

  German Economic Dominance within the Eurozone and Minsky’s Proposal for a Shared Burden between the Hegemon and Core Economic Powers

  Ignacio Ramirez Cisneros
  Abstract

  There is no disputing Germany’s dominant economic role within the eurozone (EZ) and the broader European Union. Economic leadership, however, entails responsibilities, especially in a world system of monetary production…more

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• Working Paper No. 912
  August 29, 2018

  The Sources and Methods Used in the Creation of the Levy Institute Measure of Economic Well-Being for the United States, 1959–2013

  Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  This paper documents the sources of data used in the construction of the estimates of the Levy Institute Measure of Economic Wellbeing (LIMEW) for the years 1959, 1972, 1982, 1989,…more

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