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1699 publications found
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Working Paper No. 518October 25, 2007
Fiscal Deficit, Capital Formation, and Crowding Out in India
AbstractThis paper analyzes the real (direct) and financial crowding out in India between 1970–71 and 2002–03. Using an asymmetric vector autoregressive (VAR) model, the paper finds no real crowding out…more
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Working Paper No. 517October 23, 2007
What Are the Relative Macroeconomic Merits and Environmental Impacts of Direct Job Creation and Basic Income Guarantees?
AbstractThere is a body of literature that favors universal and unconditional public assurance policies over those that are targeted and means-tested. Two such proposals—the basic income proposal and job guarantees—are…more
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Book SeriesOctober 15, 2007
Government Spending on the Elderly
AbstractThe results are in: we are aging—individually and collectively, nationally and globally. In the United States, as in most countries with an advanced economy, the aging of the population will…more
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Public Policy Brief No. 91October 09, 2007
Globalization and the Changing Trade Debate
AbstractThe failure of the Doha Development Round of World Trade Organization (WTO) negotiations in July 2006 was the first major collapse of a multilateral trade round since World War II….more
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Working Paper No. 516September 21, 2007
The Right to a Job, the Right Types of Projects
AbstractThere is now widespread recognition that in most countries, private-sector investment has not been able to absorb surplus labor. This is all the more the case for poor unskilled people….more
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Working Paper No. 515September 13, 2007
Minsky’s Approach to Employment Policy and Poverty
AbstractWhile Hyman P. Minsky is best known for his work on financial instability, he was also intimately involved in the postwar debates about fiscal policy and what would become the…more
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Working Paper No. 514September 10, 2007
The Continuing Legacy of John Maynard Keynes
AbstractThis working paper examines the legacy of Keynes’s General Theory of Employment, Interest, and Money (1936) on the occasion of the 70th anniversary of its publication and the 60th anniversary…more
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Working Paper No. 513September 04, 2007
Inequality of Life Chances and the Measurement of Social Immobility
AbstractThis paper begins by proposing two cardinal measures of inequality in life chances. Using as its database a matrix in which the lines correspond to the social category of parents…more
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Working Paper No. 512September 03, 2007
Endogenous Money
AbstractWhile the mainstream long argued that the central bank could use quantitative constraints as a means to controlling the private creation of money, most economists now recognize that the central…more
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Working Paper No. 511August 15, 2007
The Fed’s Real Reaction Function
AbstractUsing a VAR model of the American economy from 1984 to 2003, we find that, contrary to official claims, the Federal Reserve does not target inflation or react to “inflation…more
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Working Paper No. 510August 13, 2007
A Post-Keynesian View of Central Bank Independence, Policy Targets, and the Rules-versus-Discretion Debate
AbstractThis paper addresses three issues surrounding monetary policy formation: policy independence, choice of operating targets, and rules versus discretion. According to the New Monetary Consensus, the central bank needs policy…more
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Working Paper No. 509August 07, 2007
On Various Ways of Measuring Unemployment, with Applications to Switzerland
AbstractThis paper begins with an examination of various ways of measuring unemployment and, borrowing ideas from the poverty measurement literature, proposes four new general unemployment indices. The first of these…more
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Working Paper No. 508July 18, 2007
The American Jewish Committee’s Annual Opinion Surveys
AbstractThe American Jewish Committee (AJC) surveys of Jewish opinion are unique both in being conducted annually and in the subject matter covered. This paper assesses the quality of these samples….more
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Working Paper No. 507July 17, 2007
Who’s a Jew in an Era of High Intermarriage?
AbstractThe old ways in which surveys of Jews handled marginal cases no longer make sense, and the number of cases involved is no longer small. I examine in detail the…more
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Working Paper No. 506July 16, 2007
The Effects of a Declining Housing Market on the US Economy
AbstractLongstanding speculation about the likelihood of a housing market collapse has given way in the past few months to consideration of just how far the housing market will fall, and…more
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Working Paper No. 505July 10, 2007
Implementation of the National Rural Employment Guarantee Act in India
AbstractSince its enactment in 2005, the National Rural Employment Guarantee Act (NREGA) has been implemented in 200 districts in India. Based on state-by-state employment demand-supply data and the use of…more
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Working Paper No. 504July 05, 2007
Female Land Rights, Crop Specialization, and Productivity in Paraguayan Agriculture
AbstractPrevious work has shown a pattern of lower household incomes for those Paraguayan farms with female landowners in the household. The study of agricultural production reveals that Paraguayan women specialize…more
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Public Policy Brief No. 90July 03, 2007
Cracks in the Foundations of Growth
AbstractWith economic growth having cooled to less than 1 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But…more
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Working Paper No. 503June 26, 2007
A Simplified “Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model
AbstractDespite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock-flow consistent (SFC) growth models of financially sophisticated economies…more
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Working Paper No. 502June 08, 2007
Recent Trends in Household Wealth in the United States
AbstractI find here that the early 2000s witnessed both exploding debt and the middle-class squeeze. While median wealth grew briskly in the late 1990s, it fell slightly between 2001 and…more
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Working Paper No. 501May 21, 2007
Two National Surveys of American Jews, 2000–01
AbstractWhile there have been very few national surveys of American Jews, two that we do have are from the same period, 2000–01. They were conducted by different researchers using different…more
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Working Paper No. 500May 20, 2007
Economic Perspectives on Aging
AbstractThe aging of the American population will be a critical public policy issue in the years ahead. This paper surveys the recent literature on the economics of aging, with a…more
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Policy NotesMay 17, 2007
State, Difference, and Diversity
AbstractThe centrality of the state in promoting gender equality is generally acknowledged, but a perplexing and complex issue confronts us: should the state treat men and women in identical ways,…more
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Working Paper No. 499May 14, 2007
ELR-led Economic Development
AbstractThis paper establishes the financial feasibility of an employer-of-last-resort (ELR) program in a small developing country like Tunisia. It argues that an ELR-led economic development policy is vastly superior to…more
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