Publications

1714 publications found

• Working Paper No. 922
  February 05, 2019

  It Pays to Study for the Right Job

  Fernando Rios-Avila and Fabiola Saavedra Caballero
  Abstract

  With the rapid increase in educational attainment, technological change, and greater job specialization, decisions regarding human capital investment are no longer exclusively about the quantity of education, but rather the…more

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• Book Series
  February 01, 2019

  Macroeconomics

  L. Randall Wray, William Mitchell, and Martin Watts
  Abstract

  This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches…more

• Working Paper No. 921
  January 29, 2019

  Social Policy in Mexico and Argentina

  Martha Tepepa
  Abstract

  This paper is a comparison between two programs implemented to combat poverty in Latin America: Prospera (Prosper) in Mexico and Asignación Universal por Hijo (Universal Assignment for Child) in Argentina. The…more

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• Working Paper No. 920
  January 17, 2019

  Macroeconomic Policy Effectiveness and Inequality

  Lekha S. Chakraborty, Marian Ingrams, and Yadawendra Singh
  Abstract

  Gender budgeting is a fiscal approach that seeks to use a country’s national and/or local budget(s) to reduce inequality and promote economic growth and equitable development. While the literature has…more

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• Working Paper No. 919
  January 16, 2019

  On the Design of Empirical Stock-Flow-Consistent Models

  Gennaro Zezza and Francesco Zezza
  Abstract

  While the literature on theoretical macroeconomic models adopting the stock-flow-consistent (SFC) approach is flourishing, few contributions cover the methodology for building a SFC empirical model for a whole country. Most…more

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• Working Paper No. 918
  December 13, 2018

  Investment Decisions under Uncertainty

  Sunanda Sen
  Abstract

  Divergent trends, as observed, between growth in the financial and real sectors of the global economy entail the need for further research, especially on the motivations behind investment decisions. Investments…more

  Download Working Paper No. 918 PDF (315.98 KB)
• Policy Note No. 5
  November 29, 2018

  Preventing the Last Crisis

  Jan Kregel
  Abstract

  Ten years after the fall of Lehman Brothers and the collapse of the US financial system, most commentaries remain overly focused on the proximate causes of the last crisis and…more

  Download Policy Note 2018/5 PDF (124.23 KB)
• One-Pager No. 58
  November 09, 2018

  A Citizenship Question on the US Census

  Joel Perlmann
  Abstract

  The Trump administration is facing a legal challenge to its efforts to add a citizenship question to the 2020 decennial census—a question that was first included in 1890, but has…more

  Download One-Pager No. 58 PDF (131.63 KB)
• Working Paper No. 917
  October 22, 2018

  Two Harvard Economists on Monetary Economics

  Iván D. Velasquez
  Abstract

  In November 1987, Hyman Minsky visited Bogotá, Colombia, after being invited by a group of professors who at that time were interested in post-Keynesian economics. There, Minsky delivered some lectures,…more

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• Working Paper No. 916
  October 02, 2018

  Unconventional Monetary Policies and Central Bank Profits

  Jörg Bibow
  Abstract

  This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of 2008–9, focusing on a select…more

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• Working Paper No. 915
  September 19, 2018

  Black Employment Trends since the Great Recession

  Thomas Masterson
  Abstract

  The Great Recession had a devastating impact on labor force participation and employment. This impact was not unlike other recessions, except in size. The recovery, however, has been unusual not…more

  Download Working Paper No. 915 PDF (238.96 KB)
• One-Pager No. 57
  September 10, 2018

  Stagnating Economic Well-Being Amid Rising Government Support

  Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  The Levy Institute Measure of Economic Well-Being (LIMEW) was designed to provide a more comprehensive understanding of the changes affecting household living standards. Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila…more

  Download One-Pager No. 57 PDF (119.14 KB)
• Working Paper No. 914
  September 05, 2018

  Quality of Match for Statistical Matches Using the American Time Use Survey 2013, the Survey of Consumer Finances 2013, and the Annual Social and Economic Supplement 2014

  Fernando Rios-Avila
  Abstract

  This paper describes the quality of the statistical matching between the March 2014 supplement to the Current Population Survey (CPS) and the 2013 American Time Use Survey (ATUS) and Survey…more

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• Working Paper No. 913
  August 31, 2018

  German Economic Dominance within the Eurozone and Minsky’s Proposal for a Shared Burden between the Hegemon and Core Economic Powers

  Ignacio Ramirez Cisneros
  Abstract

  There is no disputing Germany’s dominant economic role within the eurozone (EZ) and the broader European Union. Economic leadership, however, entails responsibilities, especially in a world system of monetary production…more

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• Working Paper No. 912
  August 29, 2018

  The Sources and Methods Used in the Creation of the Levy Institute Measure of Economic Well-Being for the United States, 1959–2013

  Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  This paper documents the sources of data used in the construction of the estimates of the Levy Institute Measure of Economic Wellbeing (LIMEW) for the years 1959, 1972, 1982, 1989,…more

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• Working Paper No. 911
  August 24, 2018

  Twenty Years of the German Euro Are More than Enough

  Jörg Bibow
  Abstract

  This paper reviews the performance of the euro area since the euro’s launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime….more

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• Working Paper No. 910
  August 21, 2018

  Australian Government Bonds’ Nominal Yields

  Tanweer Akram and Anupam Das
  Abstract

  The short-term interest rate is the main driver of the Commonwealth of Australia government bonds’ nominal yields. This paper empirically models the dynamics of government bonds’ nominal yields using the…more

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• Public Policy Brief No. 146
  August 16, 2018

  Stagnating Economic Well-Being and Unrelenting Inequality

  Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila update the Levy Institute Measure of Economic Well-Being (LIMEW) for US households for the period 2000–13. The LIMEW—which comprises base income, income from…more

  Download Public Policy Brief No. 146, 2018 PDF (1.07 MB)
• Research Project Report
  August 08, 2018

  The Measurement of Time and Consumption Poverty in Ghana and Tanzania

  Ajit Zacharias, Thomas Masterson, Kijong Kim, Tamar Khitarishvili, and Fernando Rios-Avila
  Abstract

  Time constraints that stem from the overlapping domains of paid and unpaid work are of central concern to the debates surrounding the economic development of developing countries in general and…more

  Download Research Project Report, August 2018 PDF (4.99 MB)
• Working Paper No. 909
  July 02, 2018

  External Instability in Transition

  Liudmila Malyshava
  Abstract

  This inquiry argues that the successful completion of the transition process in the post-Soviet economies is constrained by the prevailing social structure and low levels of technological progress, both of…more

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• One-Pager No. 56
  June 19, 2018

  An Alternative to Sovereign Bond-Backed Securities for the Euro Area

  Mario Tonveronachi
  Abstract

  The European Commission's proposal for the regulation of sovereign bond-backed securities (SBBSs) follows the release of a high-level taskforce report, sponsored by the European Systemic Risk Board, on the feasibility…more

  Download One-Pager No. 56 PDF (107.37 KB)
• Public Policy Brief No. 145
  June 08, 2018

  European Sovereign Bond-Backed Securities

  Mario Tonveronachi
  Abstract

  In response to a proposal put forward by the European Commission for the regulation of sovereign bond-backed securities (SBBSs), Mario Tonveronachi provides his analysis of the SBBS scheme and attendant…more

  Download Public Policy Brief No. 145, 2018 PDF (236.81 KB)
• Working Paper No. 908
  June 01, 2018

  Twenty Years after the Fall of the Berlin Wall

  Walker F. Todd and W. Lee Hoskins
  Abstract

  Many of the hopes arising from the 1989 fall of the Berlin Wall were still unrealized in 2010 and remain so today, especially in monetary policy and financial supervision. The…more

  Download Working Paper No. 908 PDF (52.45 KB)
• Policy Note No. 4
  May 31, 2018

  Wage Employment and the Prospects of Women’s Economic Empowerment

  Ajit Zacharias and Thomas Masterson
  Abstract

  In this policy note, Thomas Masterson and Ajit Zacharias address the nexus between wage employment, consumption poverty, and time deficits in the context of Ghana and Tanzania. Based on a…more

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