Filter by
3511 results found
-
Working Paper No. 344Dollarization
March 01, 2002 When economies “dollarize,” their exchange rate and monetary policy, both considered to be sources of instability, are simultaneously discarded. Often, dollarization becomes an attractive option for developing countries that have...more Publication -
Policy Note No. 3European Integration and the “Euro Project”
March 01, 2002 The introduction of the euro has been a significant step in the integration of the economies of the countries that form the European Union (EU) and the 12 countries that...more Publication -
Working Paper No. 342
A Note on the Hicksian Concept of Income
February 01, 2002 Empirical studies of intertemporal dynamics of individual income, distribution of personal income, and growth and distribution of national income are all based on statistics that rely on some concept of...more Publication -
Working Paper No. 343
Poles and Italians Then, Mexicans Now?
February 01, 2002 A good deal of recent discussion among social scientists concerned with immigration is about the disadvantages faced by immigrants who enter the American labor force with much-lower levels of skills...more Publication -
Policy Note No. 2
The Brazilian Swindle and the Larger International Monetary Problem
February 01, 2002 The International Monetary Fund has offered Brazil a $30 billion loan, most of it reserved for next year, on condition that the country continue to run a large primary surplus...more Publication -
Policy Note No. 1
Kick-Start Strategy Fails to Fire Sputtering US Economic Motor
January 01, 2002 There is a strategic need, if a “growth recession” is to be avoided, for a new motor to drive the economy, particularly if there is a further decline in private...more Publication -
Working Paper No. 341
Israeli Attitudes about Inter Vivos Transfers
November 01, 2001 Using data from the 1994–95 Survey of Families in Israel—which includes 1,607 urban Jewish respondents interviewed on topics relating to work behavior, household income, wealth, assistance received from parents and...more Publication -
Public Policy Brief No. 67The Economic Consequences of German Unification
November 01, 2001 Although the costs associated with moving an antiquated socialist economy toward its capitalist counterpart was anticipated to be significant, German industrial efficiency was expected to quickly overcome any challenges. Things...more Publication -
Public Policy Brief No. 66
Racial Wealth Disparities
November 01, 2001 Despite decades of policies aimed at improving the economic position of African Americans in terms of relative income and earnings, they remain substantially behind whites. The research presented in this...more Publication -
Policy Note No. 10
Are We All Keynesians (Again)?
October 01, 2001 It is now widely recognized that economists and policymakers alike had been living a 30-year fantasy. The best government is not that which governs least. The best economy is not...more Publication -
Working Paper No. 340
Incentives in HMOs
October 01, 2001 We studied the effect of physician incentives in an HMO network. Physician incentives are controversial because they may induce doctors to make treatment decisions that differ from those they would...more Publication -
Strategic AnalysisThe Developing US Recession and Guidelines for Policy
October 01, 2001 The United States should now be prepared for one of the deepest and most intractable recessions of the post–World War II period, with no natural process of recovery in prospect...more Publication -
Working Paper No. 339
Uncertainty, Conventional Behavior, and Economic Sociology
October 01, 2001 This paper addresses the problem of the conceptualization of social structure and its relationship to human agency in economic sociology. The background is provided by John Maynard Keynes’s observations on...more Publication -
Policy Note No. 9
Hard Times, Easy Money?
September 01, 2001 The tools of countercyclical monetary policy have been brought fully to bear on a potentially severe recession. This note argues, however, that such a policy is less effective in times...more Publication -
Working Paper No. 338
The Monetary Policies of the European Central Bank and the Euro’s (Mal)performance
September 01, 2001 The stability-oriented macroeconomic framework established in the Maastricht and Amsterdam Treaties on European Union (TEU), especially the unparalleled status of independence and peculiar mandate of the European Central Bank (ECB),...more Publication -
Policy Note No. 8
The War Economy
August 01, 2001 There is no chance that events will right themselves in a few weeks, or that we will be saved by such underlying factors as technology and productivity growth or by...more Publication -
Public Policy Brief No. 65
Easy Money through the Back Door
August 01, 2001 This brief assesses the experiences of Europe’s policy regime in the two years since the introduction of the euro in 1999, particularly the performance of the European Central Bank (ECB),...more Publication -
Strategic Analysis
As the Implosion Begins . . . ?
August 01, 2001 Distinguished Scholar Wynne Godley and Research Scholar Alex Izurieta respond to Jan Hatzius’s rebuttal of their July 2001 Strategic Analysis, in which they stated that the American economy was probably...more Publication -
Working Paper No. 337
Can Countries under a Common Currency Conduct Their Own Fiscal Policies?
August 01, 2001 The debate about balance of payment problems is generally linked with adjustments in the fiscal sector, especially since the views of Bretton Woods institutions became predominant. For the majority of...more Publication -
Working Paper No. 336
The Role of Institutions and Policies in Creating High European Unemployment
August 01, 2001 The conventional wisdom is that high European unemployment is the result of job markets that are rigid and inflexible. This paper presents new empirical evidence that challenges this received wisdom....more Publication -
Working Paper No. 335
Young Mexican Americans, Blacks, and Whites in Recent Years
August 01, 2001 This paper stresses that the key to concerns about the progress of second-generation Americans is the fate of the Mexican second generation. It compares several indicators of the advances of...more Publication -
Working Paper No. 334
Reflections on the Current Fashion for Central Bank Independence
July 01, 2001 This paper challenges the time-inconsistency case for central bank independence. It argues that the time-inconsistency literature not only seriously confuses the substance of the rules versus discretion debate, but also...more Publication -
Strategic Analysis
As the Implosion Begins . . . ?
July 01, 2001 The American economy is probably now in recession, and a prolonged period of subnormal growth and rising unemployment is likely unless there is another round of policy changes. A further...more Publication -
Policy Note No. 7
The New Old Economy
July 01, 2001 Consensus opinion sees the United States’ economy growing by around 3 percent per year over the next few years, a high enough rate to keep unemployment low and outpace Europe....more Publication