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Working Paper No. 517What Are the Relative Macroeconomic Merits and Environmental Impacts of Direct Job Creation and Basic Income Guarantees?
October 23, 2007 There is a body of literature that favors universal and unconditional public assurance policies over those that are targeted and means-tested. Two such proposals—the basic income proposal and job guarantees—are...more Publication -
Public Policy Brief No. 91Globalization and the Changing Trade Debate
October 09, 2007 The failure of the Doha Development Round of World Trade Organization (WTO) negotiations in July 2006 was the first major collapse of a multilateral trade round since World War II....more Publication -
Working Paper No. 516
The Right to a Job, the Right Types of Projects
September 21, 2007 There is now widespread recognition that in most countries, private-sector investment has not been able to absorb surplus labor. This is all the more the case for poor unskilled people....more Publication -
Working Paper No. 515
Minsky’s Approach to Employment Policy and Poverty
September 13, 2007 While Hyman P. Minsky is best known for his work on financial instability, he was also intimately involved in the postwar debates about fiscal policy and what would become the...more Publication -
Working Paper No. 514
The Continuing Legacy of John Maynard Keynes
September 10, 2007 This working paper examines the legacy of Keynes’s General Theory of Employment, Interest, and Money (1936) on the occasion of the 70th anniversary of its publication and the 60th anniversary...more Publication -
Working Paper No. 513
Inequality of Life Chances and the Measurement of Social Immobility
September 04, 2007 This paper begins by proposing two cardinal measures of inequality in life chances. Using as its database a matrix in which the lines correspond to the social category of parents...more Publication -
Working Paper No. 512
Endogenous Money
September 03, 2007 While the mainstream long argued that the central bank could use quantitative constraints as a means to controlling the private creation of money, most economists now recognize that the central...more Publication -
Working Paper No. 511
The Fed’s Real Reaction Function
August 15, 2007 Using a VAR model of the American economy from 1984 to 2003, we find that, contrary to official claims, the Federal Reserve does not target inflation or react to “inflation...more Publication -
Working Paper No. 510
A Post-Keynesian View of Central Bank Independence, Policy Targets, and the Rules-versus-Discretion Debate
August 13, 2007 This paper addresses three issues surrounding monetary policy formation: policy independence, choice of operating targets, and rules versus discretion. According to the New Monetary Consensus, the central bank needs policy...more Publication -
Working Paper No. 509
On Various Ways of Measuring Unemployment, with Applications to Switzerland
August 07, 2007 This paper begins with an examination of various ways of measuring unemployment and, borrowing ideas from the poverty measurement literature, proposes four new general unemployment indices. The first of these...more Publication -
Working Paper No. 508
The American Jewish Committee’s Annual Opinion Surveys
July 18, 2007 The American Jewish Committee (AJC) surveys of Jewish opinion are unique both in being conducted annually and in the subject matter covered. This paper assesses the quality of these samples....more Publication -
Working Paper No. 507
Who’s a Jew in an Era of High Intermarriage?
July 17, 2007 The old ways in which surveys of Jews handled marginal cases no longer make sense, and the number of cases involved is no longer small. I examine in detail the...more Publication -
Working Paper No. 506
The Effects of a Declining Housing Market on the US Economy
July 16, 2007 Longstanding speculation about the likelihood of a housing market collapse has given way in the past few months to consideration of just how far the housing market will fall, and...more Publication -
Working Paper No. 505
Implementation of the National Rural Employment Guarantee Act in India
July 10, 2007 Since its enactment in 2005, the National Rural Employment Guarantee Act (NREGA) has been implemented in 200 districts in India. Based on state-by-state employment demand-supply data and the use of...more Publication -
Working Paper No. 504
Female Land Rights, Crop Specialization, and Productivity in Paraguayan Agriculture
July 05, 2007 Previous work has shown a pattern of lower household incomes for those Paraguayan farms with female landowners in the household. The study of agricultural production reveals that Paraguayan women specialize...more Publication -
Public Policy Brief No. 90
Cracks in the Foundations of Growth
July 03, 2007 With economic growth having cooled to less than 1 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But...more Publication -
Working Paper No. 503
A Simplified “Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model
June 26, 2007 Despite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock-flow consistent (SFC) growth models of financially sophisticated economies...more Publication -
Working Paper No. 502
Recent Trends in Household Wealth in the United States
June 08, 2007 I find here that the early 2000s witnessed both exploding debt and the middle-class squeeze. While median wealth grew briskly in the late 1990s, it fell slightly between 2001 and...more Publication -
Working Paper No. 501
Two National Surveys of American Jews, 2000–01
May 21, 2007 While there have been very few national surveys of American Jews, two that we do have are from the same period, 2000–01. They were conducted by different researchers using different...more Publication -
Working Paper No. 500
Economic Perspectives on Aging
May 20, 2007 The aging of the American population will be a critical public policy issue in the years ahead. This paper surveys the recent literature on the economics of aging, with a...more Publication -
Policy NoteState, Difference, and Diversity
May 17, 2007 The centrality of the state in promoting gender equality is generally acknowledged, but a perplexing and complex issue confronts us: should the state treat men and women in identical ways,...more Publication -
Working Paper No. 499
ELR-led Economic Development
May 14, 2007 This paper establishes the financial feasibility of an employer-of-last-resort (ELR) program in a small developing country like Tunisia. It argues that an ELR-led economic development policy is vastly superior to...more Publication -
Working Paper No. 498
Employment Guarantee Programs
May 09, 2007 This working paper provides a survey of the theoretical underpinnings for the various employment guarantee schemes, and discusses full employment policy experiences in the United States, Sweden, India, Argentina, and...more Publication -
Working Paper No. 497
Surveying American Jews and Their Views on Middle East Politics
May 02, 2007 This working paper takes up three related themes. In section 1, I briefly describe the issues relevant to surveying American Jews and highlight the importance of authoritative national surveys; in...more Publication