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1714 publications found
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Strategic AnalysisJuly 01, 2001
As the Implosion Begins . . . ?
AbstractThe American economy is probably now in recession, and a prolonged period of subnormal growth and rising unemployment is likely unless there is another round of policy changes. A further…more
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Working Paper No. 333June 01, 2001
Toward a Population History of the Second Generation
AbstractPast-present comparisons of second-generation progress are often plagued by vague references to the baseline, the past. This essay seeks to contribute some specificity to the understanding of second generations past…more
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Working Paper No. 332June 01, 2001
Contradictions Coming Home to Roost?
AbstractIt is widely believed that the current economic slowdown will be mild and temporary in nature, the result of a momentary wobble in the stock market. This paper argues that…more
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Policy Note No. 6June 01, 2001
Killing Social Security Softly with Faux Kindness
AbstractThe President’s commission claims that the Social Security program is “unsustainable” and requires a complete “overhaul.” It also claims that the program is a bad deal for women and minorities….more
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Public Policy Brief No. 64June 01, 2001
Campaign Contributions, Policy Decisions, and Election Outcomes
AbstractProposals for campaign finance reform are essentially based on the belief that political influence can be bought with financial donations to a candidate’s campaign. But do contributions really influence the…more
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Working Paper No. 331May 01, 2001
Skills, Computerization, and Earnings in the Postwar US Economy
AbstractUsing both time-series and pooled cross-section, time-series data for 44 industries in the United States over the period 1947–97, the authors find no evidence to support the idea that the…more
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Policy Note No. 5May 01, 2001
The Backward Art of Tax Cutting
AbstractThis policy note examines the case for large tax cuts, focusing on the issues surrounding the purpose and overall size of the needed cut. Although Congress has passed a significant…more
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Working Paper No. 330May 01, 2001
Is Wealth Becoming More Polarized in the United States?
AbstractRecent work has documented a rising degree of wealth inequality in the United States between 1983 and 1998. In this paper we look at another dimension of the distribution: polarization….more
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Working Paper No. 329May 01, 2001
Reporting of Two or More Races in the 1999 American Community Survey
AbstractThis study presents data on race, collected at selected sites throughout the country for the 1999 American Community Survey (ACS). In particular, the distribution of the population by race and…more
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Working Paper No. 328May 01, 2001
On the “Burden” of German Unification
AbstractThis paper investigates the causes of western Germany’s remarkably poor performance since 1992. The paper challenges the view that the poor record of the nineties, particularly the marked deterioration in…more
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Policy Note No. 4April 01, 2001
Put Your Chips on 35
AbstractAccording to Federal Reserve Chairman Alan Greenspan, we live in a time “profoundly different from the typical postwar business cycle.” Our experiences have “defied conventional wisdom” and mark ”veritable shifts…more
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Working Paper No. 324March 01, 2001
The Causes of Euro Instability
AbstractThis paper examines the causes of the general decline in the value of the euro. First, it assesses the various explanations proffered in existing literature, and then it offers a…more
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Working Paper No. 323March 01, 2001
Easy Money through the Back Door
AbstractThis paper assesses the performance of the European Central Bank (ECB) over the first two years of Europe’s new policy regime. The verdict is that the ECB was not actually…more
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Working Paper No. 322March 01, 2001
Will the Euro Bring Economic Crisis to Europe?
AbstractIt has been argued that the eurozone will face considerable economic difficulties. These will take a number of forms, two of which could qualify as “crises.” First, the euro was…more
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Policy Note No. 3March 01, 2001
Financing Health Care
AbstractThe problem is that the payers of health care—government and employers alike—are in open revolt against costs they never anticipated would become so high. Payers succeeded for a time in…more
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Working Paper No. 327March 01, 2001
Part-year Operation in 19th Century American Manufacturing
AbstractUsing unpublished data contained in samples from the manuscripts of the 1870 and 1880 censuses of manufactures—the earliest comprehensive estimates available—this study examines the extent and correlates of part-year manufacturing…more
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Working Paper No. 326March 01, 2001
Making EMU Work
AbstractThis paper investigates the lessons learned from Europe’s convergence process of the 1990s. The paper challenges the conventional focus on labour market institutions and “structural rigidities” as the root cause…more
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Public Policy Brief No. 63March 01, 2001
The Future of the Euro
AbstractThis brief provides a detailed description of the Stability and Growth Pact, an agreement entered into by the member states of the European Union that has far-reaching implications for the…more
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Working Paper No. 325March 01, 2001
Endogenous Money in a Coherent Stock-flow Framework
AbstractA method advocated by Wynne Godley to model monetary macroeconomics, is presented. The method, based on a transactions matrix, essentially makes sure that every flow goes somewhere and comes from…more
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Book SeriesFebruary 01, 2001
Corporate Governance and Sustainable Prosperity
AbstractHow can we explain the persistent worsening of the income distribution in the United States in the 1980s and 1990s? What are the prospects for the reemergence of sustainable prosperity…more
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Policy Note No. 2February 01, 2001
Fiscal Policy for the Coming Recession
AbstractGrowing government surpluses, a ballooning trade deficit, and the resulting growth in private sector debt have placed the United States’ economy in a precarious position. Papadimitriou and Wray agree with…more
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Working Paper No. 321January 01, 2001
Testing Profit Rate Equalization in the US Manufacturing Sector
AbstractLong-run differentials in interindustrial profitability are relevant for several areas of theoretical and applied economics because they characterize the overall nature of competition in a capitalist economy. This paper argues…more
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Working Paper No. 320January 01, 2001
“Race or People”
AbstractIn 1898, the United States Bureau of Immigration initiated a classification of immigrants into some 40 categories of "race or people." Nearly all the categories covered Europeans. In 1909 an…more
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Policy Note No. 1January 01, 2001
Fiscal Policy to the Rescue
AbstractThe United States’ economic expansion of the past eight years has been fueled by a rise in private sector indebtedness. In 1997 the private sector spending exceeded income for the…more
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