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  Working Paper No. 785

  Integrating Time in Public Policy

  Incorporating time in public policymaking is an elusive area of research. Despite the fact that gender budgeting is emerging as a significant tool to analyze the socioeconomic impacts of fiscal policies and thus identify their impacts on gender equity, the integration of time-use statistics in this process remains incomplete, or is even entirely absent, in […]
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  Summary No. 1

  Summary Winter 2014

  The Winter 2014 Summary begins with a strategic analysis of the US economy that calls for targeted spending on high-tech R & D manufacturing to buttress the fragile economic recovery. A related policy note, published during the US government shutdown, explores the consequences of not raising the debt ceiling for the US economy. Other topics […]
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  Public Policy Brief No. 130

  What Remains of the Theory of Demand Management in a Globalizing World?

  In our era of global finance, the theory of aggregate demand management is alive and unwell, says Amit Bhaduri. In this policy brief, Bhaduri describes what he regards as a prevalent contemporary approach to demand management. Detached from its Keynesian roots, this “vulgar” version of demand management theory is being used to justify policies that […]
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  Public Policy Brief No. 130

  Τι απομένει από τη θεωρία της διαχείρισης της ζήτησης σε έναν παγκοσμιοποιημένο κόσμο;

  Στην εποχή της παγκόσμιας χρηματιστικής, η θεωρία της διαχείρισης της συνολικής ζήτησης κρατιέται ζωντανή, αλλά η χρησιμότητά της δεν είναι η ίδια, λέει ο Amit Bhaduri. Στο παρόν κείμενο δημόσιας πολιτικής, ο Bhaduri περιγράφει αυτό που θεωρεί ως την επικρατούσα σύγχρονη προσέγγιση στη διαχείριση της ζήτησης. Αποκομμένη από τις κεϋνσιανές της ρίζες, αυτή η «χυδαία» […]
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  MME, January 18, 2014

   
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  Capital.gr: Κριτική στο «φρένο χρέους» της Γερμανίας από το Levy Economics Institute

  Σάββατο, 18 Ιανουαρίου 2014. Με επιφύλαξη παντός δικαιώματος.
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  Working Paper No. 784

  Financial Crisis Resolution and Federal Reserve Governance

  The Federal Reserve has been criticized for not forestalling the financial crisis of 2007–09, and for its unconventional monetary policies that have followed. Its critics have raised questions as to whom, if anyone, reins in the Federal Reserve if and when its policies are misguided or abusive. This paper traces the principal changes in governance […]
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  One-Pager No. 45

  Time Deficits and Hidden Poverty in Korea

  Official poverty lines in Korea and other countries ignore the fact that unpaid household production contributes to the fulfillment of material needs and wants that are essential to attaining a minimum standard of living. By taking household work for granted, these official estimates provide an inaccurate accounting of the breadth and depth of poverty—and can […]
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  One-Pager No. 45

  Έλλειμμα χρόνου και κρυφή φτώχεια στην Κορέα

  Τα επίσημα ποσοστά φτώχειας στην Κορέα και σε άλλες χώρες αγνοούν το γεγονός ότι η άμισθη παραγωγή των νοικοκυριών συμβάλλει στην εκπλήρωση των υλικών αναγκών και των επιθυμιών που είναι απαραίτητες για την επίτευξη ενός ελάχιστου επιπέδου διαβίωσης. Με το να θεωρούνται δεδομένες οι δουλειές του νοικοκυριού, οι επίσημες εκτιμήσεις παρέχουν ανακριβή μέτρηση του εύρους […]
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  Blog

  Minsky on the War on Poverty

  Roughly a year after President Johnson used the occasion of his first State of the Union address to declare war on poverty, Hyman Minsky presented a paper on the subject at a conference in Berkeley. Here’s what he wrote: The war against poverty is a conservative rebuttal to an ancient challenge of the radicals, that [...]
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  Working Paper No. 783

  Options for China in a Dollar Standard World

  This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic imbalances. We then analyze current monetary and fiscal policy formation […]
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  Blog

  The Social Enterprise Sector Model for a Job Guarantee in the U.S.

  Jesse Myerson created a firestorm over mainstream media with his Rolling Stone piece “Five Economic Reforms Millennials Should Be Fighting For.” I’d like to address the very first of these reforms, the Job Guarantee (JG), as Myerson references my proposal for running the program through the non-profit sector and discussed it in several interviews on [...]