Publications

1714 publications found

• Strategic Analysis
  April 01, 2002

  Strategic Prospects and Policies for the US Economy

  Wynne Godley
  Abstract

  Notwithstanding the great achievements of the American economy, the growth of aggregate demand during the past several years has been structured in a way that would eventually prove unsustainable. During…more

  Download Strategic Analysis, April 2002 PDF (314.33 KB)
• Working Paper No. 344
  March 01, 2002

  Dollarization

  Alex Izurieta
  Abstract

  When economies “dollarize,” their exchange rate and monetary policy, both considered to be sources of instability, are simultaneously discarded. Often, dollarization becomes an attractive option for developing countries that have…more

  Download Working Paper No. 344 PDF (245.90 KB)
• Policy Note No. 3
  March 01, 2002

  European Integration and the “Euro Project”

  Philip Arestis and Malcolm Sawyer
  Abstract

  The introduction of the euro has been a significant step in the integration of the economies of the countries that form the European Union (EU) and the 12 countries that…more

  Download Policy Note 2002/3 PDF (60.53 KB)
• Working Paper No. 343
  February 01, 2002

  Poles and Italians Then, Mexicans Now?

  Joel Perlmann
  Abstract

  A good deal of recent discussion among social scientists concerned with immigration is about the disadvantages faced by immigrants who enter the American labor force with much-lower levels of skills…more

  Download Working Paper No. 343 PDF (406.04 KB)
• Working Paper No. 342
  February 01, 2002

  A Note on the Hicksian Concept of Income

  Ajit Zacharias
  Abstract

  Empirical studies of intertemporal dynamics of individual income, distribution of personal income, and growth and distribution of national income are all based on statistics that rely on some concept of…more

  Download Working Paper No. 342 PDF (131.60 KB)
• Policy Note No. 2
  February 01, 2002

  The Brazilian Swindle and the Larger International Monetary Problem

  James K. Galbraith
  Abstract

  The International Monetary Fund has offered Brazil a $30 billion loan, most of it reserved for next year, on condition that the country continue to run a large primary surplus…more

  Download Policy Note 2002/2 PDF (81.42 KB)
• Policy Note No. 1
  January 01, 2002

  Kick-Start Strategy Fails to Fire Sputtering US Economic Motor

  Wynne Godley
  Abstract

  There is a strategic need, if a “growth recession” is to be avoided, for a new motor to drive the economy, particularly if there is a further decline in private…more

  Download Policy Note 2002/1 PDF (42.99 KB)
• Working Paper No. 341
  November 01, 2001

  Israeli Attitudes about Inter Vivos Transfers

  Yuval Elmelech
  Abstract

  Using data from the 1994–95 Survey of Families in Israel—which includes 1,607 urban Jewish respondents interviewed on topics relating to work behavior, household income, wealth, assistance received from parents and…more

• Public Policy Brief No. 67
  November 01, 2001

  The Economic Consequences of German Unification

  Jörg Bibow
  Abstract

  Although the costs associated with moving an antiquated socialist economy toward its capitalist counterpart was anticipated to be significant, German industrial efficiency was expected to quickly overcome any challenges. Things…more

  Download Public Policy Brief No. 67, 2002 PDF (325.91 KB)
• Public Policy Brief No. 66
  November 01, 2001

  Racial Wealth Disparities

  Edward N. Wolff
  Abstract

  Despite decades of policies aimed at improving the economic position of African Americans in terms of relative income and earnings, they remain substantially behind whites. The research presented in this…more

  Download Public Policy Brief No. 66, 2001 PDF (363.98 KB)
• Strategic Analysis
  October 01, 2001

  The Developing US Recession and Guidelines for Policy

  Wynne Godley and Alex Izurieta
  Abstract

  The United States should now be prepared for one of the deepest and most intractable recessions of the post–World War II period, with no natural process of recovery in prospect…more

  Download Strategic Analysis, October 2001 PDF (778.13 KB)
• Policy Note No. 10
  October 01, 2001

  Are We All Keynesians (Again)?

  Dimitri B. Papadimitriou and L. Randall Wray
  Abstract

  It is now widely recognized that economists and policymakers alike had been living a 30-year fantasy. The best government is not that which governs least. The best economy is not…more

  Download Policy Note 2001/10 PDF (71.98 KB)
• Working Paper No. 340
  October 01, 2001

  Incentives in HMOs

  James B. Rebitzer, Lowell J. Taylor, and Martin Gaynor
  Abstract

  We studied the effect of physician incentives in an HMO network. Physician incentives are controversial because they may induce doctors to make treatment decisions that differ from those they would…more

• Working Paper No. 339
  October 01, 2001

  Uncertainty, Conventional Behavior, and Economic Sociology

  Jörg Bibow, Paul Lewis, and Jochen Runde
  Abstract

  This paper addresses the problem of the conceptualization of social structure and its relationship to human agency in economic sociology. The background is provided by John Maynard Keynes’s observations on…more

  Download Working Paper No. 339 PDF (69.12 KB)
• Policy Note No. 9
  September 01, 2001

  Hard Times, Easy Money?

  Robert E. Carpenter
  Abstract

  The tools of countercyclical monetary policy have been brought fully to bear on a potentially severe recession. This note argues, however, that such a policy is less effective in times…more

  Download Policy Note 2001/9 PDF (53.52 KB)
• Working Paper No. 338
  September 01, 2001

  The Monetary Policies of the European Central Bank and the Euro’s (Mal)performance

  Jörg Bibow
  Abstract

  The stability-oriented macroeconomic framework established in the Maastricht and Amsterdam Treaties on European Union (TEU), especially the unparalleled status of independence and peculiar mandate of the European Central Bank (ECB),…more

  Download Working Paper No. 338 PDF (329.83 KB)
• Working Paper No. 337
  August 01, 2001

  Can Countries under a Common Currency Conduct Their Own Fiscal Policies?

  Alex Izurieta
  Abstract

  The debate about balance of payment problems is generally linked with adjustments in the fiscal sector, especially since the views of Bretton Woods institutions became predominant. For the majority of…more

  Download Working Paper No. 337 PDF (347.57 KB)
• Working Paper No. 336
  August 01, 2001

  The Role of Institutions and Policies in Creating High European Unemployment

  Thomas I. Palley
  Abstract

  The conventional wisdom is that high European unemployment is the result of job markets that are rigid and inflexible. This paper presents new empirical evidence that challenges this received wisdom….more

  Download Working Paper No. 336 PDF (96.21 KB)
• Strategic Analysis
  August 01, 2001

  As the Implosion Begins . . . ?

  Wynne Godley and Alex Izurieta
  Abstract

  Distinguished Scholar Wynne Godley and Research Scholar Alex Izurieta respond to Jan Hatzius’s rebuttal of their July 2001 Strategic Analysis, in which they stated that the American economy was probably…more

  Download Strategic Analysis, August 2001 PDF (76.31 KB)
• Working Paper No. 335
  August 01, 2001

  Young Mexican Americans, Blacks, and Whites in Recent Years

  Joel Perlmann
  Abstract

  This paper stresses that the key to concerns about the progress of second-generation Americans is the fate of the Mexican second generation. It compares several indicators of the advances of…more

  Download Working Paper No. 335 PDF (258.02 KB)
• Policy Note No. 8
  August 01, 2001

  The War Economy

  James K. Galbraith
  Abstract

  There is no chance that events will right themselves in a few weeks, or that we will be saved by such underlying factors as technology and productivity growth or by…more

  Download Policy Note 2001/8 PDF (62.56 KB)
• Public Policy Brief No. 65
  August 01, 2001

  Easy Money through the Back Door

  Jörg Bibow
  Abstract

  This brief assesses the experiences of Europe’s policy regime in the two years since the introduction of the euro in 1999, particularly the performance of the European Central Bank (ECB),…more

  Download Public Policy Brief No. 65, 2001 PDF (193.58 KB)
• Strategic Analysis
  July 01, 2001

  As the Implosion Begins . . . ?

  Wynne Godley and Alex Izurieta
  Abstract

  The American economy is probably now in recession, and a prolonged period of subnormal growth and rising unemployment is likely unless there is another round of policy changes. A further…more

  Download Strategic Analysis, July 2001 (revised August 2001) PDF (952.17 KB)
• Working Paper No. 334
  July 01, 2001

  Reflections on the Current Fashion for Central Bank Independence

  Jörg Bibow
  Abstract

  This paper challenges the time-inconsistency case for central bank independence. It argues that the time-inconsistency literature not only seriously confuses the substance of the rules versus discretion debate, but also…more

  Download Working Paper No. 334 PDF (67.16 KB)