Publications

1699 publications found

• Working Paper No. 884
  February 24, 2017

  Gendered Patterns of Time Use over the Life Cycle

  Ebru Kongar and Emel Memiş
  Abstract

  Using data from the 2006 Turkish Time-Use Survey, we examine gender differences in time allocation among married heterosexual couples over the life cycle. While we find large discrepancies in the…more

  Download Working Paper No. 884 PDF (609.31 KB)
• Working Paper No. 883
  February 24, 2017

  Fiscal Policy, Economic Growth and Innovation

  Lekha S. Chakraborty, Horst Hanusch, and Swati Khurana
  Abstract

  This paper analyzes the effectiveness of public expenditures on economic growth within the analytical framework of comprehensive Neo-Schumpeterian economics. Using a fixed-effects model for G20 countries, the paper investigates the…more

  Download Working Paper No. 883 PDF (209.20 KB)
• Public Policy Brief No. 143
  February 07, 2017

  Brazil Still in Troubled Waters

  Abstract

  Since inheriting the Brazilian presidency five months ago, the new Temer administration has successfully ratified a constitutional amendment imposing a radical, two-decades-long public spending freeze, purportedly aimed at sparking an…more

  Download Public Policy Brief No. 143, 2017 PDF (340.91 KB)
• One-Pager No. 53
  February 06, 2017

  Falling Labor Force Participation

  L. Randall Wray and Flavia Dantas
  Abstract

  Aging demographics, “social shifts,” and other supply-side and institutional factors have commonly been blamed for the fall in the US labor force participation rate. However, depressed labor force participation for…more

  Download One-Pager No. 53 PDF (116.19 KB)
• Public Policy Brief No. 142
  February 03, 2017

  Full Employment: Are We There Yet?

  L. Randall Wray and Flavia Dantas
  Abstract

  Flavia Dantas and L. Randall Wray argue that the emerging conventional wisdom—that the US economy has reached full employment—is flawed. The unemployment rate is not providing an accurate picture of…more

  Download Public Policy Brief No. 142, 2017 PDF (1.39 MB)
• Working Paper No. 882
  January 13, 2017

  Investing in Social Care Infrastructure and Employment Generation

  Kijong Kim, İpek Ilkkaracan, and Tolga Kaya
  Abstract

  This paper examines the aggregate and gender employment impact of expanding the early childhood care and preschool education (ECCPE) sector in Turkey and compares it to the expansion of the…more

  Download Working Paper No. 882 PDF (415.71 KB)
• Working Paper No. 881
  January 11, 2017

  The Long-run Determinants of Indian Government Bond Yields

  Tanweer Akram and Anupam Das
  Abstract

  This paper investigates the long-term determinants of Indian government bonds’ (IGB) nominal yields. It examines whether John Maynard Keynes’s supposition that short-term interest rates are the key driver of long-term…more

  Download Working Paper No. 881 PDF (436.27 KB)
• Working Paper No. 880
  January 04, 2017

  The Great Recession and Racial Inequality

  Edward N. Wolff, Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses…more

  Download Working Paper No. 880 PDF (488.43 KB)
• Working Paper No. 879
  December 22, 2016

  Distribution-led Growth through Methodological Lenses

  Michalis Nikiforos
  Abstract

  This paper presents a methodological discussion of two recent “endogeneity” critiques of the Kaleckian model and the concept of distribution-led growth. From a neo-Keynesian perspective, and following Kaldor (1955) and…more

  Download Working Paper No. 879 PDF (291.53 KB)
• Working Paper No. 878
  December 12, 2016

  The Short- and Long-run Inconsistency of the Expansionary Austerity Theory

  Alberto Botta
  Abstract

  This paper provides a critical analysis of expansionary austerity theory (EAT). The focus is on the theoretical weaknesses of EAT—the extreme circumstances and fragile assumptions under which expansionary consolidations might…more

  Download Working Paper No. 878 PDF (471.34 KB)
• Working Paper No. 877
  November 15, 2016

  Financial Stability and Secure Currency in a Modern Context

  Jan Kregel
  Abstract

  Against the background of modern-day monetary proposals, ranging from a return to the gold standard to the wholesale abolition of currency, this paper seeks to draw implications from David Ricardo’s…more

  Download Working Paper No. 877 PDF (259.83 KB)
• Working Paper No. 876
  October 12, 2016

  Normalizing the Fed Funds Rate

  Flavia Dantas
  Abstract

  In December 2015, the Federal Reserve Board (FRB) initiated the process of “normalization,” with the objective of gradually raising the federal funds rate back to “normal”—i.e., levels that are “neither…more

  Download Working Paper No. 876 PDF (582.83 KB)
• Working Paper No. 875
  September 27, 2016

  Minsky at Basel

  Giuseppe Mastromatteo and Lorenzo Esposito
  Abstract

  The global financial crisis shattered the conventional wisdom about how financial markets work and how to regulate them. Authorities intervened to stop the panic—short-term pragmatism that spoke volumes about the…more

  Download Working Paper No. 875 PDF (432.86 KB)
• Working Paper No. 874
  September 20, 2016

  “Engendering” Intergovernmental Transfers

  Lekha S. Chakraborty and Abhishek Anand
  Abstract

  This paper seeks to evaluate whether a gender-sensitive formula for the inter se devolution of union taxes to the states makes the process more progressive. We have used the state-specific…more

  Download Working Paper No. 874 PDF (252.21 KB)
• Working Paper No. 873
  September 13, 2016

  Quality of Match for Statistical Matches Used in the Development of the Levy Institute Measure of Time and Consumption Poverty (LIMTCP) for Ghana and Tanzania

  Fernando Rios-Avila
  Abstract

  This document presents a description of the quality of match of the statistical matches used in the LIMTCP estimates prepared for Ghana and Tanzania. For Ghana, the statistical match combines…more

  Download Working Paper No. 873 PDF (341.35 KB)
• Working Paper No. 872
  August 24, 2016

  Federalism, Fiscal Space, and Public Investment Spending

  Pinaki Chakraborty
  Abstract

  The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt sustainability by placing a ceiling on borrowing and the use of borrowed resources…more

  Download Working Paper No. 872 PDF (698.76 KB)
• Working Paper No. 871
  August 09, 2016

  Simulations of Employment for Individuals in LIMTCP Consumption-poor Households in Tanzania and Ghana, 2012

  Thomas Masterson, Kijong Kim, and Fernando Rios-Avila
  Abstract

  New methodology for producing employment microsimulations is introduced, with a focus on farms and household nonfarm enterprises. Previous simulations have not dealt with the issue of reduced production in farm…more

  Download Working Paper No. 871 PDF (250.49 KB)
• Policy Notes No. 3
  August 04, 2016

  The Impact of Immigration on the Native-born Unemployed

  Fernando Rios-Avila and Gustavo Canavire-Bacarreza
  Abstract

  In this policy note, Research Scholar Fernando Rios-Avila and Gustavo Canavire-Bacarreza, Universidad EAFIT, observe that immigration in the United States has a small but statistically significant impact on the labor…more

  Download Policy Note 2016/3 PDF (203.60 KB)
• Working Paper No. 870
  August 01, 2016

  Unemployed, Now What?

  Fernando Rios-Avila and Gustavo Canavire-Bacarreza
  Abstract

  Although one would expect the unemployed to be the population most likely affected by immigration, most of the studies have concentrated on investigating the effects immigration has on the employed…more

  Download Working Paper No. 870 PDF (237.82 KB)
• Working Paper No. 869
  June 24, 2016

  Have We Been Here Before?

  Apostolos Fasianos, Diego Guevara, and Christos Pierros
  Abstract

  This paper explores from a historical perspective the process of financialization over the course of the 20th century. We identify four phases of financialization: the first, from the 1900s to…more

  Download Working Paper No. 869 PDF (920.59 KB)
• Working Paper No. 868
  June 06, 2016

  From Antigrowth Bias to Quantitative Easing

  Jörg Bibow
  Abstract

  This paper investigates the European Central Bank’s (ECB) monetary policies. It identifies an antigrowth bias in the bank’s monetary policy approach: the ECB is quick to hike, but slow to…more

  Download Working Paper No. 868 PDF (622.39 KB)
• Working Paper No. 867
  May 18, 2016

  The Greek Public Debt Problem

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

  This paper examines the issue of the Greek public debt from different perspectives. We provide a historical discussion of the accumulation of Greece’s public debt since the 1960s and the…more

  Download Working Paper No. 867 PDF (522.33 KB)
• Working Paper No. 866
  May 16, 2016

  Going Forward from B to A?

  Dimitri B. Papadimitriou, Gennaro Zezza, Massimo Amato, and Luca Fantacci
  Abstract

  After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of introducing fiscal currencies as a way to restore fiscal space in peripheral countries, like…more

  Download Working Paper No. 866 PDF (550.46 KB)
• Working Paper No. 865
  May 05, 2016

  Measuring Poverty in the Case of Buenos Aires

  Rania Antonopoulos, Ajit Zacharias, Thomas Masterson, and Valeria Esquivel
  Abstract

  We describe the production of estimates of the Levy Institute Measure of Time and Income Poverty (LIMTIP) for Buenos Aires, Argentina, and use it to analyze the incidence of time…more

  Download Working Paper No. 865 PDF (664.73 KB)