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Working Paper No. 886How Germany’s Anti-Keynesianism Has Brought Europe to Its Knees
This paper investigates the (lack of any lasting) impact of John Maynard Keynes’s General Theory on economic policymaking in Germany. The analysis highlights the interplay between economic history and the history of ideas in shaping policymaking in postwar (West) Germany. The paper argues that Germany learned the wrong lessons from its own history and misread […] -
BlogIndia’s Unexplored “Bill of Rights”: A Tool for Gender-Sensitive Public Policy
The Justice Verma Committee submitted its report on January 23, 2013. In addition to recommendations for reforming laws related to sexual violence, harassment, and trafficking, it provided a comprehensive framework for gender justice through a proposed “Bill of Rights.” The Verma Committee’s recommendations are still waiting to be transformed into public policy. We must not forget [...] -
Working Paper No. 885
Quality of Statistical Match of Household Budget Survey and SILC for Turkey
This paper presents the quality analysis of the statistical matching conducted for a research study on household consumption behavior, household indebtedness, and inequality for Turkey. The match has been done for four years (2005, 2008, 2009, and 2012) of Household Budget Surveys (HBS) and the Survey on Income and Living Conditions (SILC). The aim of […] -
Working Paper No. 884
Gendered Patterns of Time Use over the Life Cycle
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 gender division of both paid and unpaid work at each life stage, the gender gap in paid and unpaid work is largest among parents of […] -
Working Paper No. 883
Fiscal Policy, Economic Growth and Innovation
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 links between the specific categories of public expenditures and economic growth, captured in human capital formation, defense, infrastructure development, and technological innovation. The results reveal […] -
Blog
“America First” and Financial Stability: 26th Minsky Conference
REGISTRATION IS NOW OPEN: April 18–19, 2017 Levy Economics Institute of Bard College Blithewood Annandale-on-Hudson, New York 12504 The 2017 Minsky Conference will address the implications of the new administration’s “America First” policies, focusing on the outlook for trade, taxation, fiscal, and financial regulation measures to generate domestic investments capable of moving the growth rate beyond [...] -
Blog
L. Randall Wray on MMT and Positive Money
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Greece’s Economy Minister Confident of Reaching Deal With Creditors
The Wall Street Journal, February 9, 2017. All Rights Reserved. ATHENS—Greece’s economy minister said he is optimistic the country can resolve its deadlock with its international creditors this month over how to fulfill its bailout program, allowing Greece to bring down its borrowing costs and return to bond markets late this year…. Read more: https://www.wsj.com/articles/greeces-economy-minister-confident-of-reaching-deal-with-creditors-1486651074 -
Greece’s Economy Minister Confident of Reaching Deal with Creditors
Minister Dimitri B. Papadimitriou expects agreement to be reached at February 20 Eurogroup meeting. -
Public Policy Brief No. 143Brazil Still in Troubled Waters
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 increase in business confidence and investment. In this policy brief, Fernando Cardim de Carvalho explains why this fiscal strategy is based not only on a […] -
Alt Labour Minister Antonopoulou Highlights Potential of "Social Economy" in Greece
Athens-Macedonian News Agency, February 6, 2017. All Rights Reserved. Developing the social economy in Greece could help stem the emigration of young Greek scientists and professionals abroad, putting the brakes on the so-called "brain drain," Alternate Labour Minister for fighting unemployment Rania Antonopoulou said in an interview with the Athens-Macedonian New Agency (ANA) released on […] -
One-Pager No. 53Falling Labor Force Participation
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 prime-age workers is likely due to a combination of insufficient aggregate demand, weak job creation, and stagnant wages—all of which have been persistent problems over […]