Publications

1714 publications found

• 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)
• 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)
• 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

  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)
• 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

  Download One Pager No. 45 PDF (70.83 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

  Download Working Paper No. 783 PDF (923.96 KB)
• 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)
• 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

  Download One-Pager No. 44 PDF (217.23 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

  Download Working Paper No. 782 PDF (533.88 KB)
• 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 Note 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 Note 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)
• Working Paper No. 778
  November 01, 2013

  Modern Money Theory 101

  L. Randall Wray
  Abstract

  One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unencumbered by hard financial…more

  Download Working Paper No. 778 PDF (486.21 KB)
• Strategic Analysis
  October 16, 2013

  Rescuing the Recovery: Prospects and Policies for the United States

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

  If the Congressional Budget Office’s recent projections of government revenues and outlays come to pass, the United States will not grow fast enough to bring down the unemployment rate between…more

  Download Strategic Analysis, October 2013 PDF (908.04 KB)
• Strategic Analysis
  October 16, 2013

  Η εδραίωση της ανάκαμψης: Προοπτικές και πολιτικές για τις Ηνωμένες Πολιτείες

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

  Στην περίπτωση που επαληθευτούν οι προβλέψεις του Γραφείο Προϋπολογισμού του Κογκρέσου για τα κρατικά έσοδα και τις δαπάνες, η οικονομία των Ηνωμένων Πολιτειών δεν θα μπορέσει να αναπτυχθεί αρκετά γρήγορα…more

  Download Στρατηγική Ανάλυση, Οκτώβριος 2013 PDF (1.94 MB)
• Policy Note No. 9
  October 10, 2013

  A New “Lehman Moment,” or Something Worse?

  Michalis Nikiforos
  Abstract

  The United States entered the second week of a government shutdown on Monday, with no end to the deadlock in sight. The cost to the government of a similar shutdown…more

  Download Policy Note 2013/9 PDF (242.10 KB)
• Working Paper No. 777
  October 07, 2013

  A Simple Model of Income, Aggregate Demand, and the Process of Credit Creation by Private Banks

  Giovanni Bernardo and Emanuele Campiglio
  Abstract

  This paper presents a small macroeconomic model describing the main mechanisms of the process of credit creation by the private banking system. The model is composed of a core unit—where…more

  Download Working Paper No. 777 PDF (735.79 KB)
• Working Paper No. 776
  September 30, 2013

  Fiscal Policy and Rebalancing in the Euro Area

  Achim Truger and Eckhard Hein
  Abstract

  The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro area and its fiscal compact. In this…more

  Download Working Paper No. 776 PDF (458.46 KB)
• Working Paper No. 776
  September 30, 2013

  Δημοσιονομική πολιτική και επανεξισορρόπηση στην ευρωζώνη

  Achim Truger and Eckhard Hein
  Abstract

  Το «φρένο χρέους» στη Γερμανία θεωρείται επιτυχημένη πολιτική και ως εκ τούτου λειτουργεί ως πρότυπο για τη ζώνη του ευρώ και το λεγόμενο «δημοσιονομικό σύμφωνο». Στην παρούσα εργασία ασκούμε έντονη…more

  Download Επιστημονική Εργασία υπό Εξέλιξη (Working Paper) No. 776 PDF (663.14 KB)
• Working Paper No. 775
  September 26, 2013

  Wage and Profit-led Growth

  Matías Vernengo and Esteban Pérez-Caldentey
  Abstract

  We argue that a fundamental difference between Post-Keynesian approaches to economic growth lies in their treatment of investment. Kaleckian-Robinsonian models postulate an investment function dependent on the accelerator and profitability….more

  Download Working Paper No. 775 PDF (792.68 KB)
• One-Pager No. 42
  September 16, 2013

  Έξω ο Κέυνς ο φριντμανικός, μέσα ο Κέυνς του Μίνσκι

  Robert J. Barbera
  Abstract

  Ίσως το πιο σοβαρό και καταδικάσιμο παράπτωμα που διέπραξαν οι καθεστωτικοί οικονομολόγοι την περίοδο 1988-2008 ήταν να επανεξετάσουν, βήμα προς βήμα, την πορεία του Keynes από το 1924 μέχρι το…more

  Download Μονοσέλιδο No. 42 PDF (230.63 KB)