Publications

1699 publications found

• Public Policy Brief No. 137
  September 15, 2014

  Η ΕΚΤ και η ενιαία ευρωπαϊκή χρηματοπιστωτική αγορά

  Mario Tonveronachi
  Abstract

  Οι ατέλειες της Συνθήκης του Maastrict είναι συχνά αντικείμενο σχολιασμού, ωστόσο, όμως, η Ευρώπη παραμένει ανίκανη ή μάλλον απρόθυμη να αντιμετωπίσει αυτές τις αδυναμίες. Το ευρωπαϊκό σχέδιο θα παραμείνει ημιτελές…more

  Download Κείμενο (Brief) Δημόσιας Πολιτικής Νο. 137 PDF (645.09 KB)
• Working Paper No. 814
  September 03, 2014

  Distribution-led Growth in the Long Run

  Michalis Nikiforos
  Abstract

  The paper examines the long-run fluctuations in growth and distribution through the prism of wage-and profit-led growth. We argue that the relation between distribution of income and growth changes over…more

  Download Working Paper No. 814 PDF (548.23 KB)
• Research Project Report
  August 28, 2014

  The Measurement of Time and Income Poverty in Korea

  Ajit Zacharias, Thomas Masterson, and Kijong Kim
  Abstract

  This report presents findings from a joint project of the Levy Economics Institute and the Korea Employment Information Service, with the central objective of developing a measure of time and…more

  Download Research Project Report, August 2014 PDF (1.77 MB)
• Public Policy Brief No. 136
  August 28, 2014

  Can Child-care Subsidies Reduce Poverty?

  Ajit Zacharias, Thomas Masterson, and Kijong Kim
  Abstract

  In partnership with the Korea Employment Information Service, Senior Scholar Ajit Zacharias and Research Scholars Thomas Masterson and Kijong Kim investigate the complex issues of gender, changing labor market conditions,…more

  Download Public Policy Brief No. 136, 2014 PDF (706.36 KB)
• Public Policy Brief No. 135
  August 12, 2014

  Το σχέδιο για ένα ευρω-υπουργείο Οικονομικών

  Jörg Bibow
  Abstract

  Σε αντίθεση με τoν πρόσφατο ισχυρισμό της γερμανίδας καγκελαρίου Άνγκελα Μέρκελ, η ευρω-κρίση δεν έχει σχεδόν τελειώσει, αλλά παραμένει άλυτη, αφήνοντας την ευρωζώνη εξαιρετικά ευάλωτη σε ανανεωμένες πιέσεις. Στην πραγματικότητα,…more

  Download Κείμενο (Brief) Δημόσιας Πολιτικής Νο. 135 PDF (522.71 KB)
• Public Policy Brief No. 135
  August 12, 2014

  The Euro Treasury Plan

  Jörg Bibow
  Abstract

  Contrary to German chancellor Angela Merkel’s recent claim, the euro crisis is not nearly over but remains unresolved, leaving the eurozone extraordinarily vulnerable to renewed stresses. In fact, as the…more

  Download Public Policy Brief No. 135, 2014 PDF (203.54 KB)
• Working Paper No. 813
  August 06, 2014

  Economic Policy in India

  Sunanda Sen and Zico DasGupta
  Abstract

  The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at “price…more

  Download Working Paper No. 813 PDF (726.09 KB)
• Working Paper No. 812
  August 01, 2014

  Time Use of Parents in the United States

  Günseli Berik and Ebru Kongar
  Abstract

  Feminist and institutionalist literature has challenged the “Mancession” narrative of the 2007–09 recession and produced nuanced and gender-aware analyses of the labor market and well-being outcomes of the recession. Using…more

  Download Working Paper No. 812 PDF (544.96 KB)
• Working Paper No. 811
  July 14, 2014

  If Deficits Are Not the Culprit, What Determines Indian Interest Rates?

  Lekha S. Chakraborty, Hrishikesh Vinod, and Honey Karun
  Abstract

  This paper challenges two clichés that have dominated the macroeconometric debates in India. One relates to the neoclassical view that deficits are detrimental to growth, as they increase the rate…more

  Download Working Paper No. 811 PDF (840.89 KB)
• Working Paper No. 810
  June 27, 2014

  Ο δρόμος προς την κόλαση είναι στρωμένος με καλές προθέσεις

  Andrea Terzi
  Abstract

  Με τη δημιουργία της Οικονομικής και Νομισματικής Ένωσης και του ευρώ, το εθνικό δημόσιο χρέος των κρατών-μελών της ευρωζώνης έγινε πιστωτικά ευαίσθητο (credit sensitive). Ενώ οι δυνητικά αποσταθεροποιητικές επιπτώσεις των…more

  Download Επιστημονική Εργασία υπό Εξέλιξη (Working Paper) No. 810 PDF (534.47 KB)
• Working Paper No. 810
  June 27, 2014

  When Good Intentions Pave the Road to Hell

  Andrea Terzi
  Abstract

  With the creation of the Economic and Monetary Union and the euro, the national government debt of eurozone member-states became credit sensitive. While the potentially destabilizing impact of adverse cyclical…more

  Download Working Paper No. 810 PDF (524.42 KB)
• Working Paper No. 809
  June 23, 2014

  Causal Linkages between Work and Life Satisfaction and Their Determinants in a Structural VAR Approach

  Martin Binder and Alex Coad
  Abstract

  Work and life satisfaction depends on a number of pecuniary and nonpecuniary factors at the workplace and determines these in turn. We analyze these causal linkages using a structural vector…more

  Download Working Paper No. 809 PDF (1.08 MB)
• Working Paper No. 808
  June 23, 2014

  Heterogeneity in the Relationship between Unemployment and Subjective Well-Being

  Martin Binder and Alex Coad
  Abstract

  Unemployment has been robustly shown to strongly decrease subjective well-being (or “happiness”). In the present paper, we use panel quantile regression techniques in order to analyze to what extent the…more

  Download Working Paper No. 808 PDF (3.09 MB)
• Policy Notes No. 4
  June 04, 2014

  A Decade of Flat Wages?

  Fernando Rios-Avila and Julie L. Hotchkiss
  Abstract

  In the late 1990s low unemployment rates, increases in the minimum wage, and improvements in labor productivity contributed to a boost in wages, which translated into 12.4 percent cumulative growth…more

  Download Policy Note 2014/4 PDF (316.68 KB)
• Policy Notes No. 4
  June 04, 2014

  Μια δεκαετία στασιμότητας των μισθών

  Fernando Rios-Avila and Julie L. Hotchkiss
  Abstract

  Στα τέλη της δεκαετίας του 1990, τα χαμηλά ποσοστά ανεργίας, οι αυξήσεις του κατώτατου μισθού και οι βελτιώσεις στην παραγωγικότητα της εργασίας συνέβαλαν στην άνοδο των μισθών, που μεταφράστηκε σε…more

  Download Σημείωμα Πολιτικής 2014/4 PDF (451.28 KB)
• Working Paper No. 807
  June 04, 2014

  Income Distribution Macroeconomics

  Olivier Giovannoni
  Abstract

  Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this note, we introduce factor shares into popular growth models to gain insights into…more

  Download Working Paper No. 807 PDF (706.57 KB)
• Public Policy Brief No. 134
  June 03, 2014

  A Sustainable Monetary Framework for an Independent Scotland

  Philip Pilkington
  Abstract

  This September, voters in Scotland will decide whether to break away from the United Kingdom. If supporters of independence carry the day, pivotal choices that affect the scope of Scotland’s…more

  Download Public Policy Brief No. 134, 2014 PDF (547.26 KB)
• Public Policy Brief No. 134
  June 03, 2014

  Ένα βιώσιμο νομισματικό πλαίσιο μιας ανεξάρτητης Σκωτίας

  Philip Pilkington
  Abstract

  Οι ψηφοφόροι στη Σκωτία θα αποφασίσουν το Σεπτέμβριο αν θα παραμείνουν στο Ηνωμένο Βασίλειο. Αν ψηφίσουν υπέρ της ανεξαρτησίας, θα πρέπει να γίνουν στρατηγικής σημασίας επιλογές που αφορούν την έκταση…more

  Download Κείμενο Δημόσιας Πολιτικής No. 134 PDF (782.35 KB)
• Working Paper No. 806
  May 30, 2014

  The Great Recession and Unpaid Work Time in the United States

  Kijong Kim and Tamar Khitarishvili
  Abstract

  Poverty status is an important factor influencing household production and the unpaid work time associated with it due to the role of household production as a coping strategy in mitigating…more

  Download Working Paper No. 806 PDF (760.17 KB)
• Working Paper No. 805
  May 30, 2014

  What Do We Know About the Labor Share and the Profit Share? Part III

  Olivier Giovannoni
  Abstract

  Economic theory frequently assumes constant factor shares and often treats the topic as secondary. We will show that this is a mistake by deriving the first high-frequency measure of the…more

  Download Working Paper No. 805 PDF (2.20 MB)
• Working Paper No. 804
  May 21, 2014

  What Do We Know About the Labor Share and the Profit Share? Part II

  Olivier Giovannoni
  Abstract

  In this second part of our study we survey the rapidly expanding empirical literature on the determinants of the functional distribution of income. Three major strands emerge: technological change, international…more

  Download Working Paper No. 804 PDF (1.52 MB)
• Working Paper No. 803
  May 21, 2014

  What Do We Know About the Labor Share and the Profit Share? Part I

  Olivier Giovannoni
  Abstract

  This series of working papers explores a theme enjoying a tremendous resurgence: the functional distribution of income—the division of aggregate income by factor share. This first installment surveys some landmark…more

  Download Working Paper No. 803 PDF (905.99 KB)
• Working Paper No. 802
  May 21, 2014

  Shadow Banking

  Thorvald Grung Moe
  Abstract

  Central banks responded with exceptional liquidity support during the financial crisis to prevent a systemic meltdown. They broadened their tool kit and extended liquidity support to nonbanks and key financial…more

  Download Working Paper No. 802 PDF (448.50 KB)
• Working Paper No. 801
  May 21, 2014

  The Political Economy of Shadow Banking

  Eloy Fisher and Javier López Bernardo
  Abstract

  This paper describes the political economy of shadow banking and how it relates to the dramatic institutional changes experienced by global capitalism over past 100 years. We suggest that the…more

  Download Working Paper No. 801 PDF (1.13 MB)