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BlogJM Keynes Writings Project
A crowdfunding campaign starting October 2016, on Indiegogo: Overall aim: To complete the publication of all of Keynes’s remaining unpublished writings of academic significance. Only about one third were published in the Royal Economic Society edition. A huge quantity of valuable unpublished material remains, scattered across 60 archives in 6 countries. Aim of this campaign: Preparation of [...] -
Hillary Clinton’s Economic Dream Team
The Week, August 22, 2016. All Rights Reserved. The election isn’t here yet, but it’s looking more and more likely Hillary Clinton will trounce Donald Trump in November. Speculation over who she might appoint as advisors and agency heads has already commenced. And like anyone else, I have got my own opinions about who Clinton should pick, […] -
Tcherneva on Job Guarantee over a Basic Income
RT America, August 20, 2016. All Rights Reserved. In this interview on "Boom Bust" Research Associate Pavlina R. Tcherneva advocates in favor of a public job guarantee program over universal basic income as a means of alleviating poverty and stabilizing the business cycle. (Interview begins at 15:00.) Watch here: https://www.rt.com/shows/boom-bust/356572-louisiana-crisis-turkey-economy/ -
Blog
Tcherneva: Time for a US Job Guarantee
[iframe width=”427″ height=”240″ src=”https://www.youtube.com/embed/GvFliCk1osE?;start=800″ frameborder=”0″ allowfullscreen></iframe] -
Blog
Minsky Meets Brazil
by Felipe Rezende This is the first in a series of blog posts on the Brazilian crisis. Part I A consensus has emerged in Brazil (and elsewhere) blaming Rousseff’s “new economic matrix” policies for the country’s worst crisis since the Great Depression (see here, here, here, here, and here). With the introduction of policy stimulus [...] -
Working Paper No. 871Simulations of Employment for Individuals in LIMTCP Consumption-poor Households in Tanzania and Ghana, 2012
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 and nonfarm household enterprises when household members are placed in paid employment. In this paper, we present a method for addressing the tradeoff between paid […] -
Time for a US Job Guarantee?
RT America TV, August 9, 2016. All Rights Reserved. Research Associate Pavlina R. Tcherneva appears on "Boom Bust" to discuss sluggish growth, labor markets, and her proposal for a job guarantee. Watch here: https://www.youtube.com/watch?v=GvFliCk1osE#t=13m15s -
Blog
Brexit Dilemma: Why Did the UK Reduce Interest Rates to Only 0.25 Percent Today?
by Abhishek Anand and Lekha Chakraborty [1] The global market was eagerly waiting for the July Monetary Policy Statement of the Bank of England (BoE). Speculation was rife that, post Brexit, the BoE would become the latest entrant into the set of central banks experimenting with negative interest rate policy (NIRP) in a desperate bid to reinvigorate [...] -
Policy Notes No. 3The Impact of Immigration on the Native-born Unemployed
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 market behavior of native-born unemployed workers. Their chances of transitioning from unemployment to employment are not affected by the share of immigrants in their job […] -
Working Paper No. 870
Unemployed, Now What?
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 population. Little is known of the effects of immigration on labor market transitions out of unemployment. Using the basic monthly Current Population Survey from 2001–13 […] -
Minsky’s Moment
The Economist, July 28, 2016. All Rights Reserved. From the start of his academic career in the 1950s until 1996, when he died, Hyman Minsky laboured in relative obscurity. His research about financial crises and their causes attracted a few devoted admirers but little mainstream attention: this newspaper cited him only once while he was […] -
Blog
New Book: Rethinking Capitalism
A new book edited by Michael Jacobs and Mariana Mazzucato and featuring contributions from Joseph Stiglitz, L. Randall Wray, Stephanie Kelton, and others will be released tomorrow: The TOC is below: You can download the introductory chapter here (pdf).