Publications

1699 publications found

• Working Paper No. 85
  February 10, 1993

  The Relationship between Public and Private Investment

  Sharon J. Erenburg
  Abstract

  The relationship between government spending and aggregates such as output, employment, and prices has been the subject of many theoretical and empirical studies. Recently, however, interest has shifted to government…more

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• Working Paper No. 84
  February 07, 1993

  Migration of Talent

  Milind Rao
  Abstract

  In this paper, Rao tackles the reasons behind the increasing number and share of foreign students enrolled in Ph.D. economics programs in the U.S. The conventional argument of comparative advantage…more

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• Public Policy Brief No. 3
  January 01, 1993

  Community Development Banking

  Hyman P. Minsky, Dimitri B. Papadimitriou, Ronnie J. Phillips, and L. Randall Wray
  Abstract

  This brief proposes that the establishment of a nationwide system of community development banks (CDBs) would advance the capital development of the economy. The proposal is based on the notion…more

  Download Public Policy Brief No. 3, 1993 PDF (98.53 KB)
• Public Policy Brief No. 3
  January 01, 1993

  Τραπεζικό σύστημα κοινοτικής ανάπτυξης

  Hyman P. Minsky, Dimitri B. Papadimitriou, Ronnie J. Phillips, and L. Randall Wray
  Abstract

  Το κείμενο προτείνει την εγκαθίδρυση ενός εθνικού συστήματος τραπεζών κοινοτικής ανάπτυξης για την προώθηση της κεφαλαιακής ανάπτυξης της οικονομίας. Η πρόταση βασίζεται στην άποψη ότι η υπάρχουσα χρηματοπιστωτική δομή είναι…more

  Download Κείμενο Δημόσιας Πολιτικής Νο. 3 PDF (558.90 KB)
• Working Paper No. 83
  December 01, 1992

  Community Development Banks

  Hyman P. Minsky, Dimitri B. Papadimitriou, Ronnie J. Phillips, and L. Randall Wray
  Abstract

  The Clinton/Gore proposal for the creation of a network of 100 community development banks (CDBs) to revitalize communities is bold, and will contribute to the success of the U.S. economy….more

• Working Paper No. 82
  December 01, 1992

  Job Quality and Labor Market Segmentation in the 1980s

  Maury Gittleman and David R. Howell
  Abstract

  The authors examine the effects of employment restructuring in the 1980s on white, black, and Hispanic men and women within a labor market segmentation framework. Cluster analysis is used to…more

• Book Series
  November 01, 1992

  Financial Conditions and Macroeconomic Performance

  Steven M. Fazzari and Dimitri B. Papadimitriou
  Abstract

  This collection of papers on financial instability and its impact on macroeconomic performance honors Hyman P. Minsky and his lifelong work. The papers consider the clear and disturbing sequence of…more

• Public Policy Brief No. 2
  September 10, 1992

  An Economic Assessment: Contained Depression or the Foothills of Recovery?

  Robert J. Barbera and David A. Levy
  Abstract

  Robert Barbera and David A. Levy offer contrasting assessments of the United States’ economy during the late 1980s and early 1990s. Barbera suggests that the behavior of the economy was…more

  Download Public Policy Brief No. 2, 1992 PDF (17.09 MB)
• Working Paper No. 81
  September 10, 1992

  The Impact of Profitability, Financial Fragility, and Competitive Regime Shifts on Investment Demand

  James R. Crotty and Jonathan A. Goldstein
  Abstract

  Crotty and Goldstein have developed a hybrid post-Keynesian/ neo-Schumpeterian theory of investment demand. In this micro-founded theory of accumulation, the optimal investment decision depends on the level of expected profitability,…more

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• Working Paper No. 80
  September 09, 1992

  Growth and Structural Change in China-US Trade

  Hong Wang
  Abstract

  Since the resumption of China-U.S. trade in 1972, and in particular since the establishment of diplomatic relations in early 1979, trade between the two countries has increased dramatically. By 1990,…more

  Download Working Paper No. 80 PDF (327.08 KB)
• Working Paper No. 79
  September 04, 1992

  The Investment Decision of the Post Keynesian Firm

  James R. Crotty and Jonathan A. Goldstein
  Abstract

  In this paper, Crotty and Goldstein undertake the formulation of a model of enterprise investment decision that can provide a microeconomic foundation for the Keynes-Minsky macromodels developed by Delli Gatti…more

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• Working Paper No. 78
  August 10, 1992

  The Predication Semantics Model

  Bruce K. Britton, Deborah McCutchen, and Paul B. Andreassen
  Abstract

  This paper presents and tests the predication semantics model, a computational model of text comprehension. It goes beyond previous case grammar approaches to text comprehension in employing a propositional rather…more

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• Working Paper No. 77
  July 10, 1992

  Credit Markets and Narrow Banking

  Ronnie J. Phillips
  Abstract

  Maurice Allais’s view that the credit created by fractional reserve banking is equivalent to counterfeiting has led him to recommend the separation of the depository and lending functions of banks….more

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• Public Policy Brief No. 1
  July 02, 1992

  Restructuring the Financial Structure

  Alex J. Pollock and Anthony M. Solomon
  Abstract

  To avoid excessive concentration of economic and financial power, Athony M. Solomon recommends institutional and regulatory reform of the financial system by such means as nationwide banking, restrictions on federal…more

  Download Public Policy Brief No. 1, 1992 PDF (7.65 MB)
• Working Paper No. 76
  June 10, 1992

  The “Chicago Plan” and New Deal Banking Reform

  Ronnie J. Phillips
  Abstract

  During the 1930s, there were numerous proposals put forth to modify the financial system. The “Chicago Plan,” submitted in 1933 by economists at the University of Chicago, recommended abolition of…more

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• Working Paper No. 75
  June 01, 1992

  The Role of Unemployment in Triggering Internal Labor Migration

  George W. McCarthy
  Abstract

  George McCarthy’s paper explores the internal migration of labor in response to structural changes in the U.S. economy. He presents an empirical study of the relationship between wage determination and…more

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• Working Paper No. 74
  May 10, 1992

  The Financial Instability Hypothesis

  Hyman P. Minsky
  Abstract

  The Financial Instability Hypothesis (FIH) has both empirical and theoretical aspects that challenge the classic precepts of Smith and Walras, who implied that the economy can be best understood by…more

  Download Working Paper No. 74 PDF (113.54 KB)
• Working Paper No. 73
  May 01, 1992

  Money, Growth, Distribution, and Prices in a Simple Sraffian Economy

  Milind Rao
  Abstract

  Rejecting neoclassical notions of supply and demand, Sraffa demonstrated that relative prices are determined by the profit rate. However, a Sraffa model fails to explicitly describe the determination of output,…more

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• Book Series
  April 01, 1992

  Profits, Deficits, and Instability

  Dimitri B. Papadimitriou
  Abstract

  Business accounting defines profits as total revenue minus total costs. Economic theory uses various definitions of profits according to what is being measured (for example, return to ownership, national income…more

• Working Paper No. 72
  January 11, 1992

  The Capital Development of the Economy and the Structure of Financial Institutions

  Hyman P. Minsky
  Abstract

  This paper evolves from the sharp contrast in Smithian and Keynesian views about the relationship between the financial structure and the economy. The Smithian perspective implies that the financial structure…more

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• Working Paper No. 71
  January 10, 1992

  Macroeconomic Market Incentive Plans

  Kenneth J. Koford and Jeffrey B. Miller
  Abstract

  This paper explores the contemporary debate among economists on the means to move the economy toward high employment without inflation-beyond the traditional instruments of monetary and fiscal policy. The authors…more

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• Working Paper No. 70
  January 09, 1992

  The Distributional Implications of the Tax Changes in the 1980s

  Sourushe Zandvakili
  Abstract

  This paper studies changes in the United States as a consequence of the Economic Recovery Act of 1981 (ERITA), the Tax Equality and Fiscal Responsibility Act of 1982 (TEFRA), and…more

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• Working Paper No. 69
  January 08, 1992

  Reconstituting the United States’ Financial Structure

  Hyman P. Minsky
  Abstract

  Deposit insurance, the savings and loan industry, facets of the insurance industry, and a significant number of private banks have all been plagued by recent collapse. The legislative agenda goes…more

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• Working Paper No. 68
  January 01, 1992

  Transfer and Life Cycle Wealth in Japan, 1974–1984

  David W. Campbell
  Abstract

  This paper measures, via the cumulation of life cycle saving method, the contribution of transfer to total wealth accumulation among worker households from 1974 to 1984. The findings suggest that…more

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