Publications

1711 publications found

• 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 Note 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 Note 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

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• 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

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• 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)
• Public Policy Brief No. 133
  May 14, 2014

  Dead Economic Dogmas Trump Recovery: The Continuing Crisis in the Eurozone Periphery

  C. J. Polychroniou
  Abstract

  The “happy talk” emanating from eurozone officials regarding the economic crises in the periphery deserves some vigorous pushback. Focusing on the four bailed-out countries of Greece, Ireland, Portugal, and Spain,…more

  Download Public Policy Brief No. 133, 2014 PDF (297.24 KB)
• Working Paper No. 800
  May 08, 2014

  Autonomy-enhancing Paternalism

  Martin Binder and Leonhard K. Lades
  Abstract

  Behavioral economics has shown that individuals sometimes make decisions that are not in their best interests. This insight has prompted calls for behaviorally informed policy interventions popularized under the notion…more

  Download Working Paper No. 800 PDF (613.47 KB)
• Working Paper No. 799
  May 06, 2014

  Monetary Mechanics

  Abstract

  This paper develops the framework of analysis of monetary systems put together by authors such as Macleod, Keynes, Innes, and Knapp. This framework does not focus on the functions performed…more

  Download Working Paper No. 799 PDF (613.45 KB)
• Working Paper No. 799
  May 06, 2014

  Νομισματική μηχανική

  Abstract

  Η παρούσα εργασία αναπτύσσει το πλαίσιο της ανάλυσης των νομισματικών συστημάτων που διαμορφώθηκε από οικονομολόγους όπως ο Macleod, ο Keynes, ο Innes και ο Knapp. Το συγκεκριμένο πλαίσιο δεν εστιάζει…more

  Download Επιστημονική Εργασία υπό Εξέλιξη (Working Paper) No. 799 PDF (617.69 KB)
• Public Policy Brief No. 132
  May 05, 2014

  How Poor Is Turkey? And What Can Be Done About It?

  Ajit Zacharias, Thomas Masterson, and Emel Memiş
  Abstract

  Gauging the severity of poverty in a given country requires a reasonably comprehensive measurement of whether individuals and households are surpassing some basic threshold of material well-being. This would seem…more

  Download Public Policy Brief No. 132, 2014 PDF (555.49 KB)
• Public Policy Brief No. 132
  May 05, 2014

  Πόσο φτωχή είναι η Τουρκία και τι μπορεί να γίνει

  Ajit Zacharias, Thomas Masterson, and Emel Memiş
  Abstract

  H μέτρηση της σοβαρότητας της φτώχειας σε μια δεδομένη χώρα πρέπει να εξετάζει με έναν αρκετά περιεκτικό τρόπο το κατά πόσο τα άτομα και τα νοικοκυριά ξεπερνούν κάποιο βασικό όριο…more

  Download Κείμενο (Brief) Δημόσιας Πολιτικής Νο. 132 PDF (4.63 MB)
• Research Project Report
  May 01, 2014

  Time Deficits and Poverty

  Ajit Zacharias, Thomas Masterson, and Emel Memiş
  Abstract

  Official poverty lines in Turkey and other countries often ignore the fact that unpaid household production activities that contribute to the fulfillment of material needs and wants are essential for…more

  Download Research Project Report, May 2014 PDF (2.30 MB)
• Working Paper No. 798
  May 01, 2014

  Quality of Match for Statistical Matches Using the American Time Use Survey 2010, the Survey of Consumer Finances 2010, and the Annual Social and Economic Supplement 2011

  Fernando Rios-Avila
  Abstract

  This paper describes the quality of the statistical matching between the March 2011 supplement to the Current Population Survey and the 2010 American Time Use Survey and Survey of Consumer…more

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• Strategic Analysis
  April 25, 2014

  Is Rising Inequality a Hindrance to the US Economic Recovery?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  The US economy has been expanding moderately since the official end of the Great Recession in 2009. The budget deficit has been steadily decreasing, inflation has remained in check, and…more

  Download Strategic Analysis, April 2014 PDF (733.90 KB)
• Strategic Analysis
  April 25, 2014

  Αποτελεί η αυξανόμενη ανισότητα εμπόδιο στην οικονομική ανάκαμψη των ΗΠΑ;

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Η οικονομία των Ηνωμένων Πολιτειών αναπτύσσεται με μέτριο ρυθμό μετά από την επίσημη λήξη της Ύφεσης το 2009. Το έλλειμμα του προϋπολογισμού μειώνεται σταθερά, ο πληθωρισμός βρίσκεται υπό έλεγχο και…more

  Download Στρατηγικη Αναλυση, Απρίλιος 2014 PDF (921.28 KB)
• Working Paper No. 797
  April 23, 2014

  Gender-responsive Budgeting as Fiscal Innovation

  Lekha S. Chakraborty
  Abstract

  Gender-responsive budgeting (GRB) is a fiscal innovation. Innovation, for the purposes of this paper, is defined as a way of transforming a new concept into tangible processes, resources, and institutional…more

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• Research Project Report
  April 11, 2014

  Federal Reserve Bank Governance and Independence during Financial Crisis

  L. Randall Wray
  Abstract

  This monograph is part of the Levy Institute’s Research and Policy Dialogue Project on Improving Governance of the Government Safety Net in Financial Crisis, a two-year project funded by the…more

  Download Research Project Report, April 2014 PDF (1.33 MB)