Publications

1699 publications found

• Working Paper No. 498
  May 09, 2007

  Employment Guarantee Programs

  Fadhel Kaboub
  Abstract

  This working paper provides a survey of the theoretical underpinnings for the various employment guarantee schemes, and discusses full employment policy experiences in the United States, Sweden, India, Argentina, and…more

  Download Working Paper No. 498 PDF (338.15 KB)
• Working Paper No. 497
  May 02, 2007

  Surveying American Jews and Their Views on Middle East Politics

  Joel Perlmann
  Abstract

  This working paper takes up three related themes. In section 1, I briefly describe the issues relevant to surveying American Jews and highlight the importance of authoritative national surveys; in…more

  Download Working Paper No. 497 PDF (130.38 KB)
• Working Paper No. 496
  May 01, 2007

  Gender Disparities in Employment and Aggregate Profitability in the United States

  Ajit Zacharias and Melissa Mahoney
  Abstract

  We explore the relationships between aggregate profitability and women’s growing share of market work in the United States during the 1980s and 1990s. Using decomposition analysis and counterfactuals, we investigate…more

  Download Working Paper No. 496 PDF (425.61 KB)
• Strategic Analysis
  April 30, 2007

  The US Economy: What’s Next?

  Wynne Godley, Dimitri B. Papadimitriou, and Gennaro Zezza
  Abstract

  The collapse in the subprime mortgage market, along with multiple signals of distress in the broader housing market, has already drawn forth a large body of comment. Some people think…more

  Download Strategic Analysis, April 2007 PDF (622.28 KB)
• Research Project Report
  April 30, 2007

  How Well Off Are America’s Elderly?

  Hyunsub Kum, Edward N. Wolff, and Ajit Zacharias
  Abstract

  Given the aging of the American population and the widening gap between rich and poor—not to mention the controversy surrounding the future viability of Social Security—the economic welfare of the…more

  Download LIMEW Report, April 2007 PDF (2.93 MB)
• Working Paper No. 495
  April 30, 2007

  Gender Inequalities in Allocating Time to Paid and Unpaid Work

  Marcelo Medeiros, Rafael Guerreiro Osório, and Joana Costa
  Abstract

  This working paper analyzes paid and unpaid work-time inequalities among Bolivian urban adults using time use data from a 2001 household survey. We identified a gender-based division of labor characterized…more

  Download Working Paper No. 495 PDF (167.14 KB)
• Working Paper No. 494
  April 29, 2007

  Fiscal Policy in a Stock-flow Consistent (SFC) Model

  Wynne Godley and Marc Lavoie
  Abstract

  This paper deploys a simple stock-flow consistent (SFC) model in order to examine various contentions regarding fiscal and monetary policy. It follows from the model that if the fiscal stance…more

  Download Working Paper No. 494 PDF (295.82 KB)
• Working Paper No. 493
  March 21, 2007

  State, Difference, and Diversity

  Rania Antonopoulos and Francisco Cos-Montiel
  Abstract

  Should the state treat men and women in identical ways, or should it legislate and enforce policies that are aware of gender differences? In other words, should the state be…more

  Download Working Paper No. 493 PDF (200.96 KB)
• Working Paper No. 492
  March 02, 2007

  Are the Costs of the Business Cycle “Trivially Small”?

  Abstract

  In his presidential address to the American Economic Association, Robert Lucas claimed that the welfare costs of the business cycle in the United States equaled .05 percent of consumption. His…more

  Download Working Paper No. 492 PDF (263.51 KB)
• Working Paper No. 491
  February 22, 2007

  Land Rental and Sales Markets in Paraguay

  Thomas Masterson
  Abstract

  This paper examines the claim that the land rental market can be an effective means of redistributing access to, if not ownership of, land to the rural poor, using Paraguay…more

  Download Working Paper No. 491 PDF (921.97 KB)
• Working Paper No. 490
  February 21, 2007

  Productivity, Technical Efficiency, and Farm Size in Paraguayan Agriculture

  Thomas Masterson
  Abstract

  This essay assesses the relationship between farm size and productivity. Both parametric and nonparametric methods are used to derive efficiency measures. Smaller farms are found to have higher net farm…more

  Download Working Paper No. 490 PDF (621.06 KB)
• Working Paper No. 489
  January 31, 2007

  Fixed and Flexible Exchange Rates and Currency Sovereignty

  Claudio Sardoni and L. Randall Wray
  Abstract

  This paper provides an analysis of Keynes’s original “Bancor” proposal as well as more recent proposals for fixed exchange rates. We argue that these schemes fail to pay due attention…more

  Download Working Paper No. 489 PDF (174.71 KB)
• Public Policy Brief No. 89
  January 31, 2007

  The Economics of Outsourcing

  Thomas I. Palley
  Abstract

  According to Research Associate Thomas I. Palley, global outsourcing represents a new economic challenge that calls for a new set of institutions. In this brief, he expands upon the problems…more

  Download Public Policy Brief No. 89, 2007 PDF (164.52 KB)
• Working Paper No. 488
  January 23, 2007

  Demand Constraints and Big Government

  L. Randall Wray
  Abstract

  In a series of articles and books, Harold Vatter and John Walker attempted to make the case that the American economy suffers from chronically insufficient demand that leads to growth…more

  Download Working Paper No. 488 PDF (297.13 KB)
• Working Paper No. 487
  January 09, 2007

  Class Structure and Economic Inequality

  Edward N. Wolff and Ajit Zacharias
  Abstract

  Existing empirical schemas of class structure do not specify the capitalist class in an adequate manner. We propose a schema in which the specification of capitalist households is based on…more

  Download Working Paper No. 487 PDF (540.50 KB)
• Policy Notes No. 1
  January 07, 2007

  The April AMT Shock

  Dimitri B. Papadimitriou and L. Randall Wray
  Abstract

  Anyone who reads a newspaper knows that most Americans have accumulated excessive levels of debt, and realizes that as interest rates climb, it becomes more difficult to service financial liabilities….more

  Download Policy Note 2007/1 PDF (263.94 KB)
• Book Series
  December 27, 2006

  International Perspectives on Household Wealth

  Edward N. Wolff
  Abstract

  The contributors to this comprehensive book compile and analyze the latest data available on household wealth using, as case studies, the United States, Canada, Germany, Italy, Sweden, and Finland during…more

• Working Paper No. 486
  December 21, 2006

  Global Imbalances, Bretton Woods II, and Euroland’s Role in All This

  Jörg Bibow
  Abstract

  Approaching the issue of mounting global imbalances from the perspective of the "Bretton Woods II hypothesis," this paper argues that the popular preoccupation with China’s supposed export-led development strategy is…more

  Download Working Paper No. 486 PDF (174.30 KB)
• Working Paper No. 485
  December 14, 2006

  The Balance Sheet Approach to Financial Crises in Emerging Markets

  Jan Toporowski and Giovanni Cozzi
  Abstract

  This paper contrasts the conventional balance sheet approach to the analysis of economic disturbances in emerging markets with the alternative balance sheet approach that applies and extends Minsky’s Financial Instability…more

  Download Working Paper No. 485 PDF (513.65 KB)
• Working Paper No. 484
  December 12, 2006

  Expensive Living

  Theodore Pelagidis
  Abstract

  Apart from its widely accepted direct advantages, the introduction of the euro has been accompanied by a surge of inflation in most of the EU member states. At the same…more

  Download Working Paper No. 484 PDF (245.68 KB)
• Research Project Report
  December 04, 2006

  Wealth and Economic Inequality

  Edward N. Wolff and Ajit Zacharias
  Abstract

  This report argues that wealth is an integral aspect of economic well-being. The authors combine income and net worth to demonstrate the importance of wealth inequalities in shaping overall economic…more

  Download LIMEW Report, December 2006 PDF (336.92 KB)
• Public Policy Brief No. 88
  November 30, 2006

  US Household Deficit Spending

  Robert W. Parenteau
  Abstract

  Over the past decade, deficit spending by consumers has supported the United States economy. Research Associate Robert Parenteau analyzes the financial balance of American households and finds that the pace…more

  Download Public Policy Brief No. 88, 2006 PDF (957.62 KB)
• Working Paper No. 483
  November 30, 2006

  Fisher’s Theory of Interest Rates and the Notion of “Real”

  Abstract

  By providing five different criticisms of the notion of real rate, the paper argues that this concept, as Fisher defined it or as a definition, is not relevant to economic…more

  Download Working Paper No. 483 PDF (298.63 KB)
• Public Policy Brief No. 87
  November 29, 2006

  Maastricht 2042 and the Fate of Europe

  James K. Galbraith
  Abstract

  Unemployment in the European Union (EU) is a serious problem that threatens to disrupt the integration of accession countries, the character of individual countries, and the continued existence of the…more

  Download Public Policy Brief No. 87, 2006 PDF (627.16 KB)