Publications

1711 publications found

• Working Paper No. 31
  September 01, 1989

  The Changing Role of Debt in Bankruptcy

  Dorene L. Isenberg
  Abstract

  The changing economic environment of the late 1980s has been dominated by the financial I innovations brought about by the growing demand for credit by U.S. corporations. When looking at…more

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• Working Paper No. 30
  August 10, 1989

  Growth Cycles in a Discrete, Nonlinear Model

  Marc Jarsulic
  Abstract

  This paper develops a discrete, nonlinear growth cycle model for a macroeconomy. The nonlinearities, which correspond to empirical relationships between profitability and capacity utilization in the postwar U.S. economy, can…more

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• Working Paper No. 29
  August 01, 1989

  Unionization and the Incidence of Performance-based Compensation in Canada

  Derek C. Jones and Jeffrey Pliskin
  Abstract

  No further information available.

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• Working Paper No. 28
  July 10, 1989

  The Covariance Transformation and the Instrumental Variables Estimator of the Fixed Effects Model

  Jeffrey Pliskin
  Abstract

  The covariance transformation is a useful and often necessary procedure to estimate the fixed effects model. When some explanatory variables are contemporaneously correlated with the disturbance term, the covariance transformation…more

  Download Working Paper No. 28 PDF (138.86 KB)
• Working Paper No. 27
  June 10, 1989

  Money and Equilibrium

  Jean Cartelier
  Abstract

  Economic theory has undergone a very deep transformation during the last forty years. Its method and its tools of analysis have evolved dramatically. The standards by which theoretical statements are…more

  Download Working Paper No. 27 PDF (356.45 KB)
• Working Paper No. 26
  June 09, 1989

  Marx’s Value, Exchange, and Surplus Value Theory

  Jean Cartelier
  Abstract

  The concept of commodity society based on a specific division of labour (opposition between private and social labor) and that of surplus-value are the most prominent achievements of Marx’s intellectual…more

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• Working Paper No. 25
  June 07, 1989

  Kaleckianism vs. “New” Keynesianism

  Tracy Mott
  Abstract

  The economics of Kalecki and of the New Keynesianism exhibit remarkable parallels. The major doctrine they have in common is that of business net worth, or equity, as the major…more

  Download Working Paper No. 25 PDF (1.33 MB)
• Working Paper No. 24
  June 06, 1989

  Financial Instability

  Dorene L. Isenberg
  Abstract

  This study is a continuation of the empirical research on the impacts of debt; it argues that debt-usage is not neutral and that the currency of its cost is bankruptcy….more

  Download Working Paper No. 24 PDF (2.05 MB)
• Working Paper No. 23
  May 10, 1989

  Viability and Equilibrium

  Jean Cartelier
  Abstract

  More than fifty years after the publication of Keynes’ General Theory and of the review article by Hicks, ISLM remains the basic model for teaching Keynesian macroeconomics. Some Keynesians have…more

• Working Paper No. 22
  May 08, 1989

  Debt and Macro Stability

  Marc Jarsulic
  Abstract

  There has been much recent interest in the problem of financial instability in the macro economy. Some researchers have looked for cyclical and secular co-movements between debt accumulation, financial crises,…more

  Download Working Paper No. 22 PDF (1.27 MB)
• Working Paper No. 21
  April 10, 1989

  The Structure of Class Conflict in a Kaleckian-Keynesian Model

  Tracy Mott
  Abstract

  This paper seeks to explore this issue of the existence and nature of class conflict within a picture of the economy that could be called Kaleckian-Keynesian. Though the particular model…more

• Working Paper No. 20
  April 09, 1989

  Profits, Cycles, and Chaos

  Marc Jarsulic
  Abstract

  Some time ago, Goodwin (1967) offered an elegant and influential model to represent part of Marx’s thinking on business cycles. In that model he was able to show how the…more

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• Working Paper No. 19
  March 10, 1989

  A Dynamic Approach to the Theory of Effective Demand

  Anwar M. Shaikh
  Abstract

  This paper attempts to resituate the theory of effective demand within a dynamic nonequilibrium context. Existing theories of effective demand, which derive from the works of Keynes and Kalecki, are…more

  Download Working Paper No. 19 PDF (2.17 MB)
• Working Paper No. 18
  March 08, 1989

  Profitability and the Time-varying Liquidity Premium in the Term Structure of Interest Rates

  Tracy Mott and David Zen
  Abstract

  There have been numerous empirical studies of the term structure. Broadly, the evidence may be said to be consistent with some influence from expectations plus the existence of a liquidity…more

• Working Paper No. 17
  February 01, 1989

  Social Progress after the Age of Progressivism

  David Kettler and Volker Meja
  Abstract

  This essay is about trade unions, an institution that arose to play an important part in relation to the social progress characterizing much of the present century and that served…more

• Working Paper No. 16
  January 10, 1989

  Unionization and Labour Regimes

  Christopher Huxley, David Kettler, and James Struthers
  Abstract

  No further information available.

• Working Paper No. 15
  January 01, 1989

  The Financially Fragile Firm

  Dorene L. Isenberg
  Abstract

  This paper is an empirical investigation of Minsky’s hypothesis in the U.S. consumer durables sector during the 1920s. The first section of the paper briefly describes Minsky’s financial fragility hypothesis,…more

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• Working Paper No. 14
  December 01, 1988

  Classical and Neoclassical Elements in Industrial Organization

  Mark Glick and Eduardo M. Ochoa
  Abstract

  This article analyzes the theoretical foundations of industrial organization studies of monopolistic and competitive pricing. Our analysis will focus on the central debates of the 1950s, 1960s, and 1970s that…more

• Working Paper No. 13
  November 10, 1988

  The Effects of Worker Participation, Employee Ownership, and Profit Sharing on Economic Performance

  Derek C. Jones and Jeffrey Pliskin
  Abstract

  For alternative sharing arrangements we review theory on the economic effects on employment, productivity, investment, income and wealth distribution, and life cycle and survival. We find that predictions are often…more

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• Working Paper No. 12
  November 01, 1988

  The Real Wage and the Marginal Product of Labor

  Tracy Mott
  Abstract

  As I see it, the errors in Keynes’s analysis in chapter 2 of the General Theorv were his acceptance of diminishing returns in the short-period relation between output and labor…more

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• Working Paper No. 11
  October 09, 1988

  Ranking Urban Areas

  Dimitrios A. Giannias
  Abstract

  Rankings of urban areas provide useful information to planning recreational or tourism activities, making housing-locational decisions, and designing policies to attract industries. This paper illustrates how the structural approach to…more

• Working Paper No. 10
  October 02, 1988

  Long-Term Trends in Profitability

  Gerard Dumenil, Mark Glick, and Dominique Levy
  Abstract

  It is accepted doctrine among economists that the rate of profit in the United States has declined since the mid-1960s. What is less a matter of agreement is whether this…more

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• Working Paper No. 9
  October 02, 1988

  Consumer Benefit from Air Quality Improvements

  Dimitrios A. Giannias
  Abstract

  This paper applies a simultaneous equations estimation technique to estimate a hedonic equilibrium model. The estimation results are used to compute consumer benefit from air quality improvements.

  Download Working Paper No. 9 PDF (1.04 MB)
• Working Paper No. 8
  September 10, 1988

  The Effects of Alternative Sharing Arrangements on Employment

  Derek C. Jones and Jeffrey Pliskin
  Abstract

  A sample of British firms with diverse sharing arrangements is used to investigate the effects of profit sharing on employment levels. Employment effects are sometimes significant but depend upon the…more

  Download Working Paper No. 8 PDF (2.12 MB)