Filter by
3501 results found
-
Public Policy Brief No. 89The Economics of Outsourcing
January 31, 2007 According to Research Associate Thomas I. Palley, global outsourcing represents a new economic challenge that calls for a new set of institutions. In this brief, he expands upon the problems...more Publication -
Working Paper No. 488Demand Constraints and Big Government
January 23, 2007 In a series of articles and books, Harold Vatter and John Walker attempted to make the case that the American economy suffers from chronically insufficient demand that leads to growth...more Publication -
Working Paper No. 487
Class Structure and Economic Inequality
January 09, 2007 Existing empirical schemas of class structure do not specify the capitalist class in an adequate manner. We propose a schema in which the specification of capitalist households is based on...more Publication -
Policy Note No. 1The April AMT Shock
January 07, 2007 Anyone who reads a newspaper knows that most Americans have accumulated excessive levels of debt, and realizes that as interest rates climb, it becomes more difficult to service financial liabilities....more Publication -
Working Paper No. 486
Global Imbalances, Bretton Woods II, and Euroland’s Role in All This
December 21, 2006 Approaching the issue of mounting global imbalances from the perspective of the "Bretton Woods II hypothesis," this paper argues that the popular preoccupation with China’s supposed export-led development strategy is...more Publication -
Working Paper No. 485
The Balance Sheet Approach to Financial Crises in Emerging Markets
December 14, 2006 This paper contrasts the conventional balance sheet approach to the analysis of economic disturbances in emerging markets with the alternative balance sheet approach that applies and extends Minsky’s Financial Instability...more Publication -
Working Paper No. 484
Expensive Living
December 12, 2006 Apart from its widely accepted direct advantages, the introduction of the euro has been accompanied by a surge of inflation in most of the EU member states. At the same...more Publication -
Research Project ReportWealth and Economic Inequality
December 04, 2006 This report argues that wealth is an integral aspect of economic well-being. The authors combine income and net worth to demonstrate the importance of wealth inequalities in shaping overall economic...more Publication -
Working Paper No. 483
Fisher’s Theory of Interest Rates and the Notion of “Real”
November 30, 2006 By providing five different criticisms of the notion of real rate, the paper argues that this concept, as Fisher defined it or as a definition, is not relevant to economic...more Publication -
Public Policy Brief No. 88
US Household Deficit Spending
November 30, 2006 Over the past decade, deficit spending by consumers has supported the United States economy. Research Associate Robert Parenteau analyzes the financial balance of American households and finds that the pace...more Publication -
Working Paper No. 482
Net Intergenerational Transfers from an Increase in Social Security Benefits
November 29, 2006 When the age of death is uncertain, individuals will leave bequests–even if they have no desired bequests–simply because they will hold wealth against the possibility of living longer. Bequests are...more Publication -
Public Policy Brief No. 87
Maastricht 2042 and the Fate of Europe
November 29, 2006 Unemployment in the European Union (EU) is a serious problem that threatens to disrupt the integration of accession countries, the character of individual countries, and the continued existence of the...more Publication -
Working Paper No. 481
An Inquiry into the Nature of Money
November 28, 2006 The paper argues that the functional approach of money does not provide a good method to study monetary history and monetary mechanisms. An alternative approach is developed and illustrated by...more Publication -
Working Paper No. 480
Methodology and Microeconomics in the Early Work of Hyman P. Minsky
November 27, 2006 This paper reviews the recently published doctoral thesis of Hyman P. Minsky, summarizing its main contributions to methodology and microeconomics. These were aspects of economics with which Minsky is not...more Publication -
Working Paper No. 479
European Welfare State Regimes and Their Generosity toward the Elderly
November 22, 2006 This paper examines the generosity of the European welfare state toward the elderly. It shows how various dimensions of the welfare regimes have changed during the past 10 to 15...more Publication -
Strategic AnalysisCan Global Imbalances Continue?
November 14, 2006 In this new Strategic Analysis, we review what we believe is the most important economic policy issue facing policymakers in the United States and abroad: the prospect of a growth...more Publication -
Working Paper No. 478
On Lower-bound Traps
November 03, 2006 We present a simple theoretical framework that integrates the notion of the natural or neutral interest rate, liquidity preference theory, and the monetary policy practice by modern central banks. We...more Publication -
Working Paper No. 477
When Knowledge Is an Asset
October 27, 2006 We study the economics of employment relationships through theoretical and empirical analyses of an unusual set of firms, large law firms. Our point of departure is the “property rights” approach...more Publication -
Working Paper No. 476
The “New Consensus” View of Monetary Policy
October 19, 2006 One of the greatest achievements of the modern “new consensus” view in macroeconomics is the assertion of a nonquantity theoretic approach to monetary policy. Leading theorists and practitioners of this...more Publication -
Public Policy Brief No. 86
Rethinking Trade and Trade Policy
October 18, 2006 The theory of comparative advantage says that there are gains from trade for the global economy as a whole. In this second brief of a three-part study of the international...more Publication -
Working Paper No. 475
Capital Stock and Unemployment
August 22, 2006 This paper examines the proposition that capital stock relative to aggregate output has been an important variable in the determination of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) over the...more Publication -
Working Paper No. 474
On the Minskyan Business Cycle
August 21, 2006 The essential insight Minsky drew from Keynes was that optimistic expectations about the future create a margin, reflected in higher asset prices, which makes it possible for borrowers to access...more Publication -
Working Paper No. 473
The American Jewish Periphery
August 20, 2006 This paper calls attention to the American Jewish periphery—Americans of recent Jewish origin who have only the most tenuous connections, if any, with those origins. This periphery has been growing...more Publication -
Working Paper No. 472
The Adequacy of Retirement Resources among the Soon-to-Retire, 1983–2001
August 19, 2006 A central issue confronting soon-to-retire workers (those aged 47–64) is whether they will have command over enough resources (both private and public) to maintain a decent standard of living in...more Publication