Filter by
3511 results found
-
Working Paper No. 207Reasserting the Role of Keynesian Policies for the New Millennium
August 01, 1997 In this paper, Philip Arestis, of the University of East London, and Visiting Scholar Malcolm Sawyer, of the University of Leeds, assert the need for revived and revised Keynesian policies...more Publication -
Working Paper No. 206
Are Good Jobs Flying Away?
August 01, 1997 Aerospace, once the "crown jewel" of American manufacturing, is experiencing a structural decline characterized by a narrowing of the industry trade surplus, an increase in the foreign content of commercial...more Publication -
Working Paper No. 205
Macroeconomics without Equilibrium or Disequilibrium
August 01, 1997 Distinguished Scholar Wynne Godley creates a numerical simulation model that attempts a synthesis between the monetary theory of Hicks and Kaldor, the asset allocation theory of James Tobin, and the...more Publication -
Working Paper No. 204
The Growth in Work Time and the Implications for Macro Policy
August 01, 1997 In May 1997, the official unemployment rate was 4.8 percent—the lowest in 24 years. Not long ago, most economists would have considered such an unemployment record impossible to achieve without...more Publication -
Working Paper No. 203
The NAIRU
August 01, 1997 The nonaccelerating inflation rate of unemployment, or NAIRU, has acquired a central role in macroeconomic theory. Fear of inflation has led to a reluctance to allow the unemployment rate to...more Publication -
Working Paper No. 202
Aggregate Demand, Investment, and the NAIRU
August 01, 1997 The nonaccelerating inflation rate of unemployment, or NAIRU, is generally viewed as a supply-side-determined, short-run equilibrium rate of unemployment. In most NAIRU models, aggregate demand plays no essential role in...more Publication -
Working Paper No. 201
Organizational Learning and International Competition
August 01, 1997 Over the last three decades, despite economic growth, the United States has experienced both increasing relative inequality and an absolute decline of real wages. Explanations sometimes offered for this inability...more Publication -
Working Paper No. 199
Good Jobs and the Cutting Edge
July 01, 1997 Good, stable jobs with high earnings started to disappear from the United States economy in the late 1970s. The loss of the majority of these jobs resulted from structural changes,...more Publication -
Working Paper No. 198
Earnings Inequality and the Quality of Jobs
July 01, 1997 The increase in earnings inequality in the United States is now a widely accepted fact that much economics literature has attempted to explain. Philip Moss, of the University of Massachusetts...more Publication -
Working Paper No. 197
Minimum Wage and Justice?
July 01, 1997 Opposition to the minimum wage, according to Resident Scholar Oren M. Levin-Waldman, ultimately rests on a popular political philosophy and a popular economic theory. The popular version of classical liberal...more Publication -
Working Paper No. 196
Skiki vono ko shtuvalo?
July 01, 1997 After the collapse of the Soviet bloc many of the transition economies experienced significant inflation, largely because their new monetary authorities and undeveloped tax infrastructure induced them to resort to...more Publication -
Working Paper No. 195
“Multiracials,†Racial Classification, and American Intermarriage—The Public’s Interest
June 01, 1997 How the census of 2000 is to count “multiracial” people is a hot topic in Washington. A federal task force presented a draft of its recommendations in July, and the...more Publication -
Public Policy Brief No. 31A New Path from Welfare to Work
May 04, 1997 The author of this brief asks why welfare, workforce development, and unemployment insurance are operated as separate entities. If the goal of the new welfare law is to end dependency...more Publication -
Working Paper No. 194
The Working Poor
May 01, 1997 Most Americans believe that if they work hard, they should not be poor. Although recent government welfare reform policy is aimed at encouraging people to work more, seven to nine...more Publication -
Working Paper No. 193
The Impact of Declining Union Membership on Voter Participation among Democrats
May 01, 1997 No further information available. Publication -
Public Policy Brief No. 30
Prescription for Health Care Policy
April 03, 1997 With health care delivery increasingly shaped by market and budgetary discipline, the provision of health care for all seems an ever-more-distant goal.The high cost of American health care is the...more Publication -
Working Paper No. 192
Social Security
April 01, 1997 Some reform of Social Security is needed to keep the system solvent given the additional financial pressure that will be placed on it as the baby boom generation retires: the...more Publication -
Working Paper No. 191
Dynamic Output and Employment Effects of Public Capital
April 01, 1997 Studies that have examined the effect of public spending on economic growth have reported esmates for the marginal product of public capital that are well in excess of, equal to,...more Publication -
Working Paper No. 190
Output and Employment Effects of Public Capital
April 01, 1997 Studies that have examined the effect of public spending on economic growth have reported esmates for the marginal product of public capital that are well in excess of, equal to,...more Publication -
Working Paper No. 189
Do States Optimize?
April 01, 1997 Studies that have examined the effect of public spending on economic growth have reported esmates for the marginal product of public capital that are well in excess of, equal to,...more Publication -
Working Paper No. 188
No Easy Answers
April 01, 1997 High unemployment rates and increasing terms of unemployment have persisted in western European countries for the past 20 years. These problems have been explained as resulting from inflexibility in the...more Publication -
Working Paper No. 187
Real Estate and the Capital Gains Debate
March 01, 1997 The recent budget agreement contains a capital gains tax cut. The principal justification for reducing the capital gains tax rate relies on the efficiency-equity trade-off. The capital gains tax is...more Publication -
Working Paper No. 186
Gender Wage Differentials, Affirmative Action, and Employment Growth on the Industry Level
March 01, 1997 In their study of industry wage premia, Research Associates Judith Fields of Lehman College, City University of New York, and Edward N. Wolff of New York University find that gender...more Publication -
Working Paper No. 185
Disinflationary Monetary Policy and the Distribution of Income
March 01, 1997 Some economists and others argue that, despite years of low inflation, a further decrease in the rate of price growth would be beneficial by reducing the dead-weight losses created by...more Publication