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1699 publications found
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Working Paper No. 352September 01, 2002
Critical Realism and the Political Economy of the Euro
AbstractThis paper is concerned with two issues. First, it discusses some of the main problems and inferences the methodological approach of critical realism raises for empirical work in economics, while…more
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Public Policy Brief No. 68August 01, 2002
Optimal CRA Reform
AbstractAt issue in the debate over the renewal of the Community Reinvestment Act (CRA) of 1977 are the various yardsticks regulators use to judge whether individual institutions are meeting the…more
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Working Paper No. 351August 01, 2002
Race, Ethnicity, and the Gender-poverty Gap
AbstractWe use data from the Current Population Survey (CPS 1994-2001) to document the relationship between gender-specific demographic variations and the gender-poverty gap among eight racial/ethnic groups. We find that black…more
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Working Paper No. 349July 01, 2002
State Policies and the Warranted Growth Rate
AbstractThis paper raises questions about austerity policies by investigating the effects of the state’s tax and expenditure policies on the warranted growth rate. It proposes two mechanisms to raise the…more
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Working Paper No. 350July 01, 2002
Polish and Italian Schooling Then, Mexican Schooling Now?
AbstractThis paper relies on data from the census and the Current Population Survey (CPS) to compare levels of education attained by second-generation young people from important immigrant groups during the…more
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Working Paper No. 348June 01, 2002
Asset Prices, Liquidity Preference, and the Business Cycle
AbstractIn his Treatise on Money, John Maynard Keynes relied on two different premises to argue that the interest rate need not rise with rising levels of expenditure. One of these…more
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Working Paper No. 347June 01, 2002
What Has Happened to Monetarism?
AbstractIt is widely perceived that today’s conventional monetary wisdom, and the common practice of monetary policy based thereupon, is essentially “monetarist” by nature, if not by name. One objective of…more
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Working Paper No. 346June 01, 2002
CRA’s 25th Anniversary
AbstractThis paper focuses on the past, present, and future rules and regulations implementing CRA as developed, applied, and enforced by the federal bank and thrift regulators. The past rules and…more
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Working Paper No. 345May 01, 2002
The “Third Way” and the Challenges to Economic and Monetary Union Macropolicies
AbstractIn the United Kingdom the emergence of a “New Labour” has been closely associated with the development of the notion of the “third way.” Tony Blair, for example, stated that…more
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Strategic AnalysisApril 01, 2002
Strategic Prospects and Policies for the US Economy
AbstractNotwithstanding the great achievements of the American economy, the growth of aggregate demand during the past several years has been structured in a way that would eventually prove unsustainable. During…more
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Working Paper No. 344March 01, 2002
Dollarization
AbstractWhen economies “dollarize,” their exchange rate and monetary policy, both considered to be sources of instability, are simultaneously discarded. Often, dollarization becomes an attractive option for developing countries that have…more
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Policy Notes No. 3March 01, 2002
European Integration and the “Euro Project”
AbstractThe introduction of the euro has been a significant step in the integration of the economies of the countries that form the European Union (EU) and the 12 countries that…more
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Working Paper No. 343February 01, 2002
Poles and Italians Then, Mexicans Now?
AbstractA good deal of recent discussion among social scientists concerned with immigration is about the disadvantages faced by immigrants who enter the American labor force with much-lower levels of skills…more
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Policy Notes No. 2February 01, 2002
The Brazilian Swindle and the Larger International Monetary Problem
AbstractThe International Monetary Fund has offered Brazil a $30 billion loan, most of it reserved for next year, on condition that the country continue to run a large primary surplus…more
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Working Paper No. 342February 01, 2002
A Note on the Hicksian Concept of Income
AbstractEmpirical studies of intertemporal dynamics of individual income, distribution of personal income, and growth and distribution of national income are all based on statistics that rely on some concept of…more
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Policy Notes No. 1January 01, 2002
Kick-Start Strategy Fails to Fire Sputtering US Economic Motor
AbstractThere is a strategic need, if a “growth recession” is to be avoided, for a new motor to drive the economy, particularly if there is a further decline in private…more
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Working Paper No. 341November 01, 2001
Israeli Attitudes about Inter Vivos Transfers
AbstractUsing data from the 1994–95 Survey of Families in Israel—which includes 1,607 urban Jewish respondents interviewed on topics relating to work behavior, household income, wealth, assistance received from parents and…more
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Public Policy Brief No. 67November 01, 2001
The Economic Consequences of German Unification
AbstractAlthough the costs associated with moving an antiquated socialist economy toward its capitalist counterpart was anticipated to be significant, German industrial efficiency was expected to quickly overcome any challenges. Things…more
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Public Policy Brief No. 66November 01, 2001
Racial Wealth Disparities
AbstractDespite decades of policies aimed at improving the economic position of African Americans in terms of relative income and earnings, they remain substantially behind whites. The research presented in this…more
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Policy Notes No. 10October 01, 2001
Are We All Keynesians (Again)?
AbstractIt is now widely recognized that economists and policymakers alike had been living a 30-year fantasy. The best government is not that which governs least. The best economy is not…more
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Working Paper No. 340October 01, 2001
Incentives in HMOs
AbstractWe studied the effect of physician incentives in an HMO network. Physician incentives are controversial because they may induce doctors to make treatment decisions that differ from those they would…more
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Strategic AnalysisOctober 01, 2001
The Developing US Recession and Guidelines for Policy
AbstractThe United States should now be prepared for one of the deepest and most intractable recessions of the post–World War II period, with no natural process of recovery in prospect…more
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Working Paper No. 339October 01, 2001
Uncertainty, Conventional Behavior, and Economic Sociology
AbstractThis paper addresses the problem of the conceptualization of social structure and its relationship to human agency in economic sociology. The background is provided by John Maynard Keynes’s observations on…more
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Policy Notes No. 9September 01, 2001
Hard Times, Easy Money?
AbstractThe tools of countercyclical monetary policy have been brought fully to bear on a potentially severe recession. This note argues, however, that such a policy is less effective in times…more
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