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Working Paper No. 173A Critique of Competing Plans for Radical Tax Restructuring
October 01, 1996 At almost any time there exists a plan to alter the structure of taxation, and their number seems to increase during election years. Resident Scholar Neil Buchanan analyzes several recent...more Publication -
Public Policy Brief No. 27Targeting Inflation
September 09, 1996 The targets for monetary policy adopted by the Fed in recent years have not proven to be closely correlated with inflation, leading some theorists and policymakers to advocate the use...more Publication -
Working Paper No. 171
Rethinking Health Care Policy—The Case for Retargeting Tax Subsidies
July 21, 1996 More than 40 million Americans currently have no access to health care for reasons of income. Moreover, plans enacted or discussed at the state level to cover the uninsured face...more Publication -
Public Policy Brief No. 26
Making Unemployment Insurance Work
July 08, 1996 What is needed to solve the problem of growing long-term unemployment is a two-tiered system that distinguishes between short-term and long-term unemployment. The system should continue to function as an...more Publication -
Working Paper No. 170
Which Deficit?
June 11, 1996 For some time economists have acknowledged that reported budgetary data do not necessarily reflect actual economic activity. Agreement has not been reached, however, on how budget figures should be adjusted...more Publication -
Working Paper No. 169
Comparing Alternative Methods of Adjusting US Federal Fiscal Deficits for Cyclical and Price Effects
June 10, 1996 In this working paper, Resident Scholar Neil H. Buchanan statistically tests six alternative definitions of the federal budget deficit to determine if these definitions improve the results of econometric studies...more Publication -
Working Paper No. 168
Assimilation
June 09, 1996 Assimilation of today’s immigrants is one topic in the current debate on immigration. Some observers assert that recent immigrants are unable to assimilate into American society as easily as past...more Publication -
Working Paper No. 167
Money, Finance, and National Income Determination
June 08, 1996 Traditional economic models have largely failed to account adequately for the roles of money and finance in economic operations. For example, traditional models assume an exogenously determined, fixed money stock...more Publication -
Working Paper No. 166
The Minimum Wage and the Path towards a High Wage Economy
June 01, 1996 According to Resident Scholar Oren M. Levin-Waldman, the arguments both in favor of raising the minimum wage (to restore its real spending power to levels of previous years, to increase...more Publication -
Working Paper
The Minimum Wage and the Path Toward a High Wage Economy
June 01, 1996 f73a205376.txt Publication -
Working Paper No. 164
The Consumer Price Index As a Measure of Inflation
May 01, 1996 A consensus is emerging among economists and policymakers that the consumer price index (CPI) as a measure of cost of living has an upward bias. As a result, downward revisions...more Publication -
Working Paper No. 163
Managing Foreign Capital Flows
May 01, 1996 Between 1990 and 1994, developing countries in Asia posted $261 billion in net capital inflows, an amount equivalent to about half the total inflows to all developing countries. Although foreign...more Publication -
Working Paper No. 162
Capital Account Regulations and Macroeconomic Policy
May 01, 1996 A resurgence of perceived opportunities by international investors has resulted in a new policy debate regarding the regulation of capital flows into certain South American countries. The integrationist camp defends...more Publication -
Working Paper No. 161
Globalization, Capital Flows, and International Regulation
May 01, 1996 In the postwar period prior to 1990 policy proposals aimed at reducing the instabilities associated with increased capital flows focused on increasing market efficiencies so that nominal variables would reflect...more Publication -
Working Paper No. 160
Intervention versus Regulation
May 01, 1996 This new working paper investigates the roles the International Monetary Fund (IMF) might play given its mandate to provide institutional support for a global capital market that can promote trade...more Publication -
Working Paper No. 159
The Anatomy of the Bond Market Turbulence of 1994
May 01, 1996 The bond market sell-off of 1994 has begun to show up on lists of market events against which risk management systems are judged, but there has been little analysis of...more Publication -
Working Paper No. 158
Capital Inflows and Macroeconomic Policy in Sub-Saharan Africa
May 01, 1996 Little has been written about capital flows to sub-Saharan Africa (SSA), largely because of the flows’ small size and data limitations. In this working paper, Louis Kasekende, executive director for...more Publication -
Working Paper No. 165
Economic Insecurity and the Institutional Prerequisites for Successful Capitalism
May 01, 1996 In this working paper, Distinguished Scholar Hyman P. Minsky and Visiting Scholar Charles Whalen search for reasons to account for the split in post-World War II economic performance—that is, the...more Publication -
Working Paper No. 157
A New Facility for the IMF?
May 01, 1996 In this working paper, John Williamson, senior fellow at the Institute for International Economics, evaluates proposals to create a short-term financing facility within the International Monetary Fund (IMF). The emphasis...more Publication -
Public Policy Brief No. 25
Capital Gains Taxes and Economic Growth
April 05, 1996 This brief assesses the effect of a capital gains tax cut on firms’ decisions to undertake new investment projects and the possible effect of such projects on economic growth and...more Publication -
Working Paper No. 156
Understanding the 1994 Election
April 01, 1996 The change in the composition of Congress resulting from the 1994 election was viewed by some Republicans as a “triumph of conservatism over the perceived abuses of liberalism.” In this...more Publication -
Working Paper No. 155
Uncertainty and the Institutional Structure of Capitalist Economies
April 01, 1996 In this new working paper, Distinguished Scholar Hyman P. Minsky points out that capitalism in the United States is an evolving construct that recently entered a new stage: “money manager”...more Publication -
Public Policy Brief No. 24
Revisiting Bretton Woods
February 04, 1996 Raymond F. Mikesell outlines the activities of the International Monetary Fund (IMF) and the World Bank over the course of their history and evaluates the organizations’ success in meeting their...more Publication -
Working Paper No. 154
Unemployment, Inflation, and the Job Structure
January 01, 1996 In this working paper, James K. Galbraith rejects the analytical construct within which many economists currently operate—that is, the construct in which, in the extreme, macroeconomic behavior is identical to...more Publication