Publications

1699 publications found

• One-Pager No. 46
  February 12, 2014

  Time and Consumption Poverty in Turkey

  Ajit Zacharias, Thomas Masterson, and Emel Memiş
  Abstract

  The Levy Institute Measure of Time and Consumption Poverty (LIMTCP) is a two-dimensional measure that takes into account both the necessary consumption expenditures and the household production time needed to…more

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• One-Pager No. 46
  February 12, 2014

  Φτώχεια χρόνου και κατανάλωσης στην Τουρκία

  Ajit Zacharias, Thomas Masterson, and Emel Memiş
  Abstract

  Το Μέτρο Φτώχειας Χρόνου και Κατανάλωσης του Levy Institute (LIMTCP) είναι ένα δισδιάστατο μέτρο που λαμβάνει υπόψη τόσο τις απαραίτητες καταναλωτικές δαπάνες όσο και το χρόνο που απαιτείται από τα…more

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• Policy Notes No. 2
  February 01, 2014

  Η πρόταση του Wright Patman για χρηματοδότηση του δημόσιου χρέους με μηδενικό επιτόκιο

  Jan Kregel
  Abstract

  Το 1943, το αμερικανικό Κογκρέσο βρέθηκε αντιμέτωπο με απρόβλεπτα μεγάλες πολεμικές δαπάνες, που ξεπερνούσαν το όριο του χρέους. Οι διάλογοι της περιόδου εκείνης που έλαβαν χώρα στο Κογκρέσο περιλαμβάνουν μια…more

• Policy Notes No. 2
  February 01, 2014

  Wright Patman’s Proposal to Fund Government Debt at Zero Interest Rates

  Jan Kregel
  Abstract

  In 1943, Congress faced unpredictably large war expenditures exceeding the prevailing debt limit. Congressional debates from that time contain an insightful discussion of how the increased expenditures could be financed,…more

  Download Policy Note 2014/2 PDF (232.85 KB)
• Policy Notes No. 1
  January 30, 2014

  Το υπόδειγμα της κοινωνικής επιχείρησης για εγγυημένη απασχόληση στις Ηνωμένες Πολιτείες

  Pavlina R. Tcherneva
  Abstract

  Η πρόταση για εγγυημένη απασχόληση συμβάλλει στη μακροοικονομική σταθερότητα και εξασφαλίζει ένα θεμελιώδες ανθρώπινο δικαίωμα. Ωστόσο, παρά τα οικονομικά και ηθικά πλεονεκτήματα αυτής της πολιτικής, το πρόγραμμα πολύ συχνά απορρίπτεται…more

  Download Σημείωμα Πολιτικής 2014/1 PDF (675.90 KB)
• Policy Notes No. 1
  January 30, 2014

  The Social Enterprise Model for a Job Guarantee in the United States

  Pavlina R. Tcherneva
  Abstract

  The job guarantee is a proposal that provides greater macroeconomic stability and secures a fundamental human right. Despite the economic and moral merits of this policy, often the program is…more

  Download Policy Note 2014/1 PDF (257.68 KB)
• Working Paper No. 787
  January 28, 2014

  Unions and Economic Performance in Developing Countries

  Fernando Rios-Avila
  Abstract

  This paper analyzes the economic impact of unions on productivity in the manufacturing sector across six Latin American countries: Argentina, Bolivia, Chile, Mexico, Panama, and Uruguay. Using an augmented Cobb-Douglas…more

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• Working Paper No. 786
  January 21, 2014

  The Rational Expectations Hypothesis

  Alfonso Palacio-Vera and Iván H. Ayala
  Abstract

  The rational expectations hypothesis (REH) is the standard approach to expectations formation in macroeconomics. We discuss its compatibility with two strands of Karl Popper´s philosophy: his theory of knowledge and…more

  Download Working Paper No. 786 PDF (541.03 KB)
• Working Paper No. 785
  January 21, 2014

  Integrating Time in Public Policy

  Lekha S. Chakraborty
  Abstract

  Incorporating time in public policymaking is an elusive area of research. Despite the fact that gender budgeting is emerging as a significant tool to analyze the socioeconomic impacts of fiscal…more

  Download Working Paper No. 785 PDF (305.60 KB)
• Public Policy Brief No. 130
  January 21, 2014

  What Remains of the Theory of Demand Management in a Globalizing World?

  Amit Bhaduri
  Abstract

  In our era of global finance, the theory of aggregate demand management is alive and unwell, says Amit Bhaduri. In this policy brief, Bhaduri describes what he regards as a…more

  Download Public Policy Brief No. 130, 2014 PDF (173.20 KB)
• Public Policy Brief No. 130
  January 21, 2014

  Τι απομένει από τη θεωρία της διαχείρισης της ζήτησης σε έναν παγκοσμιοποιημένο κόσμο;

  Amit Bhaduri
  Abstract

  Στην εποχή της παγκόσμιας χρηματιστικής, η θεωρία της διαχείρισης της συνολικής ζήτησης κρατιέται ζωντανή, αλλά η χρησιμότητά της δεν είναι η ίδια, λέει ο Amit Bhaduri. Στο παρόν κείμενο δημόσιας…more

  Download Κείμενο (Brief) Δημόσιας Πολιτικής Νο. 130 PDF (418.89 KB)
• Working Paper No. 784
  January 16, 2014

  Financial Crisis Resolution and Federal Reserve Governance

  Bernard Shull
  Abstract

  The Federal Reserve has been criticized for not forestalling the financial crisis of 2007–09, and for its unconventional monetary policies that have followed. Its critics have raised questions as to…more

  Download Working Paper No. 784 PDF (396.15 KB)
• One-Pager No. 45
  January 13, 2014

  Time Deficits and Hidden Poverty in Korea

  Ajit Zacharias, Thomas Masterson, and Kijong Kim
  Abstract

  Official poverty lines in Korea and other countries ignore the fact that unpaid household production contributes to the fulfillment of material needs and wants that are essential to attaining a…more

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• One-Pager No. 45
  January 13, 2014

  Έλλειμμα χρόνου και κρυφή φτώχεια στην Κορέα

  Ajit Zacharias, Thomas Masterson, and Kijong Kim
  Abstract

  Τα επίσημα ποσοστά φτώχειας στην Κορέα και σε άλλες χώρες αγνοούν το γεγονός ότι η άμισθη παραγωγή των νοικοκυριών συμβάλλει στην εκπλήρωση των υλικών αναγκών και των επιθυμιών που είναι…more

  Download Μονοσέλιδο No. 45 PDF (240.52 KB)
• Working Paper No. 783
  January 10, 2014

  Options for China in a Dollar Standard World

  L. Randall Wray and Xinhua Liu
  Abstract

  This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues…more

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• One-Pager No. 44
  December 19, 2013

  Επιλογές οικονομικής πολιτικής για την Κίνα

  L. Randall Wray
  Abstract

  Με την εφαρμογή της πολιτικής του ανοίγματος της οικονομίας, πριν από περίπου 35 χρόνια, η Κίνα απολαμβάνει υψηλά επίπεδα οικονομικής ανάπτυξης και άνοδο του βιοτικού επιπέδου για μεγάλο μέρος του…more

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• One-Pager No. 44
  December 19, 2013

  Policy Options for China

  L. Randall Wray
  Abstract

  Since adopting a policy of gradually opening its economy more than three decades ago, China has enjoyed rapid economic growth and rising living standards for much of its population. While…more

  Download One-Pager No. 44 PDF (67.56 KB)
• Book Series
  December 17, 2013

  Gender Perspectives and Gender Impacts of the Global Economic Crisis

  Rania Antonopoulos
  Abstract

  With the full effects of the Great Recession still unfolding, this collection of essays analyzes the gendered economic impacts of the crisis. The volume, from an international set of contributors,…more

• Working Paper No. 782
  December 12, 2013

  Feasible Estimation of Linear Models with N-fixed Effects

  Fernando Rios-Avila
  Abstract

  In this paper an alternative approach for the estimation of higher-order linear fixed-effects models is described. The strategy relies on the transformation of the data prior to calculating estimations of…more

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• Working Paper No. 781
  December 10, 2013

  A Stock-flow Approach to a General Theory of Pricing

  Philip Pilkington
  Abstract

  The paper seeks to lay out a stock-flow-based theoretical framework that provides a foundation for a general theory of pricing. Contemporary marginalist economics is usually based on the assumption that…more

  Download Working Paper No. 781 PDF (852.71 KB)
• Policy Notes No. 10
  December 03, 2013

  The Continued Relevance of Tax-backed Bonds in a Post-OMT Eurozone

  Philip Pilkington
  Abstract

  In a policy note published last year by the Levy Institute, Philip Pilkington and Warren Mosler argued that the eurozone sovereign debt crisis could be solved by national governments without…more

  Download Policy Note 2013/10 PDF (234.30 KB)
• Policy Notes No. 10
  December 03, 2013

  Η συνεχιζόμενη καταλληλότητα των κρατικών ομολόγων με την κάλυψη φόρων (tax-backed bonds) για την ευρωζώνη

  Philip Pilkington
  Abstract

  Σε ένα σημείωμα πολιτικής που δημοσιεύθηκε πέρυσι από το Levy Institute, ο Philip Pilkington και ο Warren Mosler υποστήριξαν ότι η κρίση χρέους στην ευρωζώνη θα μπορούσε να λυθεί από…more

  Download Σημείωμα Πολιτικής 2013/10 PDF (467.25 KB)
• Working Paper No. 780
  November 21, 2013

  Lost at Sea

  Jörg Bibow
  Abstract

  The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is inherently flawed, and recent reforms have failed to turn this dysfunctional…more

  Download Working Paper No. 780 PDF (783.16 KB)
• Working Paper No. 779
  November 15, 2013

  Hierarchy of Ideals in Market Interactions

  Aurélie Charles
  Abstract

  This paper argues that a hierarchy of ideals exists in market interactions that sets the benchmark on the norm of fairness associated with these interactions, thus affecting pricing decisions associated…more

  Download Working Paper No. 779 PDF (330.24 KB)