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Policy Note No. 4Μια δεκαετία στασιμότητας των μισθών
June 04, 2014 Στα τέλη της δεκαετίας του 1990, τα χαμηλά ποσοστά ανεργίας, οι αυξήσεις του κατώτατου μισθού και οι βελτιώσεις στην παραγωγικότητα της εργασίας συνέβαλαν στην άνοδο των μισθών, που μεταφράστηκε σε...more Publication -
Working Paper No. 807Income Distribution Macroeconomics
June 04, 2014 Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this note, we introduce factor shares into popular growth models to gain insights into...more Publication -
Public Policy Brief No. 134A Sustainable Monetary Framework for an Independent Scotland
June 03, 2014 This September, voters in Scotland will decide whether to break away from the United Kingdom. If supporters of independence carry the day, pivotal choices that affect the scope of Scotland’s...more Publication -
Public Policy Brief No. 134
Ένα βιώσιμο νομισματικό πλαίσιο μιας ανεξάρτητης Σκωτίας
June 03, 2014 Οι ψηφοφόροι στη Σκωτία θα αποφασίσουν το Σεπτέμβριο αν θα παραμείνουν στο Ηνωμένο Βασίλειο. Αν ψηφίσουν υπέρ της ανεξαρτησίας, θα πρέπει να γίνουν στρατηγικής σημασίας επιλογές που αφορούν την έκταση...more Publication -
Working Paper No. 806
The Great Recession and Unpaid Work Time in the United States
May 30, 2014 Poverty status is an important factor influencing household production and the unpaid work time associated with it due to the role of household production as a coping strategy in mitigating...more Publication -
Working Paper No. 805
What Do We Know About the Labor Share and the Profit Share? Part III
May 30, 2014 Economic theory frequently assumes constant factor shares and often treats the topic as secondary. We will show that this is a mistake by deriving the first high-frequency measure of the...more Publication -
Working Paper No. 804
What Do We Know About the Labor Share and the Profit Share? Part II
May 21, 2014 In this second part of our study we survey the rapidly expanding empirical literature on the determinants of the functional distribution of income. Three major strands emerge: technological change, international...more Publication -
Working Paper No. 803
What Do We Know About the Labor Share and the Profit Share? Part I
May 21, 2014 This series of working papers explores a theme enjoying a tremendous resurgence: the functional distribution of income—the division of aggregate income by factor share. This first installment surveys some landmark...more Publication -
Working Paper No. 802
Shadow Banking
May 21, 2014 Central banks responded with exceptional liquidity support during the financial crisis to prevent a systemic meltdown. They broadened their tool kit and extended liquidity support to nonbanks and key financial...more Publication -
Working Paper No. 801
The Political Economy of Shadow Banking
May 21, 2014 This paper describes the political economy of shadow banking and how it relates to the dramatic institutional changes experienced by global capitalism over past 100 years. We suggest that the...more Publication -
Public Policy Brief No. 133
Dead Economic Dogmas Trump Recovery: The Continuing Crisis in the Eurozone Periphery
May 14, 2014 The “happy talk” emanating from eurozone officials regarding the economic crises in the periphery deserves some vigorous pushback. Focusing on the four bailed-out countries of Greece, Ireland, Portugal, and Spain,...more Publication -
Working Paper No. 800
Autonomy-enhancing Paternalism
May 08, 2014 Behavioral economics has shown that individuals sometimes make decisions that are not in their best interests. This insight has prompted calls for behaviorally informed policy interventions popularized under the notion...more Publication -
Working Paper No. 799
Νομισματική μηχανική
May 06, 2014 Η παρούσα εργασία αναπτύσσει το πλαίσιο της ανάλυσης των νομισματικών συστημάτων που διαμορφώθηκε από οικονομολόγους όπως ο Macleod, ο Keynes, ο Innes και ο Knapp. Το συγκεκριμένο πλαίσιο δεν εστιάζει...more Publication -
Working Paper No. 799
Monetary Mechanics
May 06, 2014 This paper develops the framework of analysis of monetary systems put together by authors such as Macleod, Keynes, Innes, and Knapp. This framework does not focus on the functions performed...more Publication -
Public Policy Brief No. 132
Πόσο φτωχή είναι η Τουρκία και τι μπορεί να γίνει
May 05, 2014 H μέτρηση της σοβαρότητας της φτώχειας σε μια δεδομένη χώρα πρέπει να εξετάζει με έναν αρκετά περιεκτικό τρόπο το κατά πόσο τα άτομα και τα νοικοκυριά ξεπερνούν κάποιο βασικό όριο...more Publication -
Public Policy Brief No. 132
How Poor Is Turkey? And What Can Be Done About It?
May 05, 2014 Gauging the severity of poverty in a given country requires a reasonably comprehensive measurement of whether individuals and households are surpassing some basic threshold of material well-being. This would seem...more Publication -
BlogGreece Has Returned to the Bond Markets—Mission Accomplished?
May 05, 2014 C. J. Polychroniou interviewed Levy Institute President Dimitri Papadimitriou for the Sunday edition of Greece’s Eleftherotypia. What follows is an excerpt from the English version of that interview (part one of the Greek version is here): C. J. Polychroniou: After four years as the pariah of the financial markets, in the course of which 330 [...] Blog -
Research Project ReportTime Deficits and Poverty
May 01, 2014 Official poverty lines in Turkey and other countries often ignore the fact that unpaid household production activities that contribute to the fulfillment of material needs and wants are essential for...more Publication -
Working Paper No. 798
Quality of Match for Statistical Matches Using the American Time Use Survey 2010, the Survey of Consumer Finances 2010, and the Annual Social and Economic Supplement 2011
May 01, 2014 This paper describes the quality of the statistical matching between the March 2011 supplement to the Current Population Survey and the 2010 American Time Use Survey and Survey of Consumer...more Publication -
Strategic AnalysisΑποτελεί η αυξανόμενη ανισότητα εμπόδιο στην οικονομική ανάκαμψη των ΗΠΑ;
April 25, 2014 Η οικονομία των Ηνωμένων Πολιτειών αναπτύσσεται με μέτριο ρυθμό μετά από την επίσημη λήξη της Ύφεσης το 2009. Το έλλειμμα του προϋπολογισμού μειώνεται σταθερά, ο πληθωρισμός βρίσκεται υπό έλεγχο και...more Publication -
Strategic Analysis
Is Rising Inequality a Hindrance to the US Economic Recovery?
April 25, 2014 The US economy has been expanding moderately since the official end of the Great Recession in 2009. The budget deficit has been steadily decreasing, inflation has remained in check, and...more Publication -
Blog
The Reality of the Present and the Challenge of the Future: Fagg Foster for the 21st Century
April 23, 2014 (Here is a presentation I gave at the University of Denver at the annual J. Fagg Foster honors ceremony. Most of you will not know of Foster, but you should. While he did not publish much, he was the professor of a number of prominent institutionalists who attended DU in the early postwar period. I [...] Blog -
Working Paper No. 797
Gender-responsive Budgeting as Fiscal Innovation
April 23, 2014 Gender-responsive budgeting (GRB) is a fiscal innovation. Innovation, for the purposes of this paper, is defined as a way of transforming a new concept into tangible processes, resources, and institutional...more Publication
