Filter by
4195 results found
-
Press ReleaseAs a Measure of Inflation, the Consumer Price Index Fails the Test
-
Public Policy Brief No. 27Targeting Inflation
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 of a price index, such as the consumer price index (CPI), as both the target and the goal of monetary policy. The authors of this […] -
Book SeriesStability in the Financial System
The S&L crisis of the 1990s led many analysts to review the events that culminated in the banking crisis of the 1930s and the subsequent passage of the Emergency Banking Act, the Banking Act of 1933, the Banking Act of 1935, and other related legislation. The restructuring of the financial system accomplished by this legislation […] -
Report No. 4Report August 1996
Is the marketplace a social enemy? Is there a role for government intervention? Is downsizing good or bad? These were among the questions considered in a recent Firing Line debate taped at the Levy Institute. Also in this issue: Senator Bill Bradley talks about economic policy, race, aging, and the public’s disenchantment with government. Contents: […] -
Press Release
Rising Number of Long-Term Unemployed Shows Need to Reform Unemployment Insurance
-
Working Paper No. 171Rethinking Health Care Policy—The Case for Retargeting Tax Subsidies
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 problems of cost and quality of service as well as the question of who pays for such programs. To solve the problem of access, Senior […] -
Public Policy Brief No. 26
Making Unemployment Insurance Work
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 insurance program for 26 weeks to allow workers to search for employment that represents the best match with their experience, skills, and credentials. The first […] -
Working Paper No. 170
Which Deficit?
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 to reflect such activity accurately. In this working paper, Resident Scholar Neil H. Buchanan examines 13 alternative measures of the budget deficit in order to […] -
Working Paper No. 169
Comparing Alternative Methods of Adjusting US Federal Fiscal Deficits for Cyclical and Price Effects
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 that use the deficit as an exogenous variable. His objectives are (1) to evaluate Robert Eisner’s conclusion that a price-adjusted deficit definition improves econometric results […] -
Working Paper No. 168
Assimilation
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 immigrants were able to. Others counter that the pressures against assimilation today are not strong. In this working paper, Senior Scholar Joel Perlmann and Research […] -
Working Paper No. 167
Money, Finance, and National Income Determination
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 and ignore the outcomes of spending changes that result from changes in bank loans. As such, traditional models take place outside of historical time and […] -
Working Paper
The Minimum Wage and the Path Toward a High Wage Economy
f73a205376.txt