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1714 publications found
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Working Paper No. 491February 22, 2007
Land Rental and Sales Markets in Paraguay
AbstractThis paper examines the claim that the land rental market can be an effective means of redistributing access to, if not ownership of, land to the rural poor, using Paraguay…more
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Working Paper No. 490February 21, 2007
Productivity, Technical Efficiency, and Farm Size in Paraguayan Agriculture
AbstractThis essay assesses the relationship between farm size and productivity. Both parametric and nonparametric methods are used to derive efficiency measures. Smaller farms are found to have higher net farm…more
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Working Paper No. 489January 31, 2007
Fixed and Flexible Exchange Rates and Currency Sovereignty
AbstractThis paper provides an analysis of Keynes’s original “Bancor” proposal as well as more recent proposals for fixed exchange rates. We argue that these schemes fail to pay due attention…more
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Public Policy Brief No. 89January 31, 2007
The Economics of Outsourcing
AbstractAccording to Research Associate Thomas I. Palley, global outsourcing represents a new economic challenge that calls for a new set of institutions. In this brief, he expands upon the problems…more
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Working Paper No. 488January 23, 2007
Demand Constraints and Big Government
AbstractIn a series of articles and books, Harold Vatter and John Walker attempted to make the case that the American economy suffers from chronically insufficient demand that leads to growth…more
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Working Paper No. 487January 09, 2007
Class Structure and Economic Inequality
AbstractExisting empirical schemas of class structure do not specify the capitalist class in an adequate manner. We propose a schema in which the specification of capitalist households is based on…more
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Policy Note No. 1January 07, 2007
The April AMT Shock
AbstractAnyone who reads a newspaper knows that most Americans have accumulated excessive levels of debt, and realizes that as interest rates climb, it becomes more difficult to service financial liabilities….more
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Book SeriesDecember 27, 2006
International Perspectives on Household Wealth
AbstractThe contributors to this comprehensive book compile and analyze the latest data available on household wealth using, as case studies, the United States, Canada, Germany, Italy, Sweden, and Finland during…more
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Working Paper No. 486December 21, 2006
Global Imbalances, Bretton Woods II, and Euroland’s Role in All This
AbstractApproaching the issue of mounting global imbalances from the perspective of the "Bretton Woods II hypothesis," this paper argues that the popular preoccupation with China’s supposed export-led development strategy is…more
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Working Paper No. 485December 14, 2006
The Balance Sheet Approach to Financial Crises in Emerging Markets
AbstractThis paper contrasts the conventional balance sheet approach to the analysis of economic disturbances in emerging markets with the alternative balance sheet approach that applies and extends Minsky’s Financial Instability…more
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Working Paper No. 484December 12, 2006
Expensive Living
AbstractApart from its widely accepted direct advantages, the introduction of the euro has been accompanied by a surge of inflation in most of the EU member states. At the same…more
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Research Project ReportDecember 04, 2006
Wealth and Economic Inequality
AbstractThis report argues that wealth is an integral aspect of economic well-being. The authors combine income and net worth to demonstrate the importance of wealth inequalities in shaping overall economic…more
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Public Policy Brief No. 88November 30, 2006
US Household Deficit Spending
AbstractOver the past decade, deficit spending by consumers has supported the United States economy. Research Associate Robert Parenteau analyzes the financial balance of American households and finds that the pace…more
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Working Paper No. 483November 30, 2006
Fisher’s Theory of Interest Rates and the Notion of “Real”
AbstractBy providing five different criticisms of the notion of real rate, the paper argues that this concept, as Fisher defined it or as a definition, is not relevant to economic…more
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Working Paper No. 482November 29, 2006
Net Intergenerational Transfers from an Increase in Social Security Benefits
AbstractWhen the age of death is uncertain, individuals will leave bequests–even if they have no desired bequests–simply because they will hold wealth against the possibility of living longer. Bequests are…more
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Public Policy Brief No. 87November 29, 2006
Maastricht 2042 and the Fate of Europe
AbstractUnemployment in the European Union (EU) is a serious problem that threatens to disrupt the integration of accession countries, the character of individual countries, and the continued existence of the…more
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Working Paper No. 481November 28, 2006
An Inquiry into the Nature of Money
AbstractThe paper argues that the functional approach of money does not provide a good method to study monetary history and monetary mechanisms. An alternative approach is developed and illustrated by…more
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Working Paper No. 480November 27, 2006
Methodology and Microeconomics in the Early Work of Hyman P. Minsky
AbstractThis paper reviews the recently published doctoral thesis of Hyman P. Minsky, summarizing its main contributions to methodology and microeconomics. These were aspects of economics with which Minsky is not…more
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Working Paper No. 479November 22, 2006
European Welfare State Regimes and Their Generosity toward the Elderly
AbstractThis paper examines the generosity of the European welfare state toward the elderly. It shows how various dimensions of the welfare regimes have changed during the past 10 to 15…more
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Strategic AnalysisNovember 14, 2006
Can Global Imbalances Continue?
AbstractIn this new Strategic Analysis, we review what we believe is the most important economic policy issue facing policymakers in the United States and abroad: the prospect of a growth…more
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Working Paper No. 478November 03, 2006
On Lower-bound Traps
AbstractWe present a simple theoretical framework that integrates the notion of the natural or neutral interest rate, liquidity preference theory, and the monetary policy practice by modern central banks. We…more
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Working Paper No. 477October 27, 2006
When Knowledge Is an Asset
AbstractWe study the economics of employment relationships through theoretical and empirical analyses of an unusual set of firms, large law firms. Our point of departure is the “property rights” approach…more
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Working Paper No. 476October 19, 2006
The “New Consensus” View of Monetary Policy
AbstractOne of the greatest achievements of the modern “new consensus” view in macroeconomics is the assertion of a nonquantity theoretic approach to monetary policy. Leading theorists and practitioners of this…more
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Public Policy Brief No. 86October 18, 2006
Rethinking Trade and Trade Policy
AbstractThe theory of comparative advantage says that there are gains from trade for the global economy as a whole. In this second brief of a three-part study of the international…more
Download Public Policy Brief No. 86, 2006 PDF (182.56 KB)