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Working Paper No. 158Capital Inflows and Macroeconomic Policy in Sub-Saharan Africa
May 01, 1996 Little has been written about capital flows to sub-Saharan Africa (SSA), largely because of the flows’ small size and data limitations. In this working paper, Louis Kasekende, executive director for...more Publication -
Working Paper No. 165
Economic Insecurity and the Institutional Prerequisites for Successful Capitalism
May 01, 1996 In this working paper, Distinguished Scholar Hyman P. Minsky and Visiting Scholar Charles Whalen search for reasons to account for the split in post-World War II economic performance—that is, the...more Publication -
Working Paper No. 157
A New Facility for the IMF?
May 01, 1996 In this working paper, John Williamson, senior fellow at the Institute for International Economics, evaluates proposals to create a short-term financing facility within the International Monetary Fund (IMF). The emphasis...more Publication -
Working Paper No. 164
The Consumer Price Index As a Measure of Inflation
May 01, 1996 A consensus is emerging among economists and policymakers that the consumer price index (CPI) as a measure of cost of living has an upward bias. As a result, downward revisions...more Publication -
Working Paper No. 163
Managing Foreign Capital Flows
May 01, 1996 Between 1990 and 1994, developing countries in Asia posted $261 billion in net capital inflows, an amount equivalent to about half the total inflows to all developing countries. Although foreign...more Publication -
Working Paper No. 162
Capital Account Regulations and Macroeconomic Policy
May 01, 1996 A resurgence of perceived opportunities by international investors has resulted in a new policy debate regarding the regulation of capital flows into certain South American countries. The integrationist camp defends...more Publication -
Working Paper No. 161
Globalization, Capital Flows, and International Regulation
May 01, 1996 In the postwar period prior to 1990 policy proposals aimed at reducing the instabilities associated with increased capital flows focused on increasing market efficiencies so that nominal variables would reflect...more Publication -
Working Paper No. 160
Intervention versus Regulation
May 01, 1996 This new working paper investigates the roles the International Monetary Fund (IMF) might play given its mandate to provide institutional support for a global capital market that can promote trade...more Publication -
Working Paper No. 159
The Anatomy of the Bond Market Turbulence of 1994
May 01, 1996 The bond market sell-off of 1994 has begun to show up on lists of market events against which risk management systems are judged, but there has been little analysis of...more Publication -
Public Policy Brief No. 25Capital Gains Taxes and Economic Growth
April 05, 1996 This brief assesses the effect of a capital gains tax cut on firms’ decisions to undertake new investment projects and the possible effect of such projects on economic growth and...more Publication -
Working Paper No. 156
Understanding the 1994 Election
April 01, 1996 The change in the composition of Congress resulting from the 1994 election was viewed by some Republicans as a “triumph of conservatism over the perceived abuses of liberalism.” In this...more Publication -
Working Paper No. 155
Uncertainty and the Institutional Structure of Capitalist Economies
April 01, 1996 In this new working paper, Distinguished Scholar Hyman P. Minsky points out that capitalism in the United States is an evolving construct that recently entered a new stage: “money manager”...more Publication -
Public Policy Brief No. 24
Revisiting Bretton Woods
February 04, 1996 Raymond F. Mikesell outlines the activities of the International Monetary Fund (IMF) and the World Bank over the course of their history and evaluates the organizations’ success in meeting their...more Publication -
Working Paper No. 154
Unemployment, Inflation, and the Job Structure
January 01, 1996 In this working paper, James K. Galbraith rejects the analytical construct within which many economists currently operate—that is, the construct in which, in the extreme, macroeconomic behavior is identical to...more Publication -
Working Paper No. 150
Proposals for Changing the Functions of the International Monetary Fund (IMF)
December 01, 1995 The 50th anniversary of the signing of the Articles of Agreement of the International Monetary Fund (IMF) and the World Bank was celebrated at meetings in Washington, DC: at Bretton...more Publication -
Working Paper No. 149
Biennial Budgeting for the Federal Government
December 01, 1995 A two-year budget and appropriations cycle at the federal level has been endorsed by Republicans and Democrats during the past 20 years. The first congressional proposal for a federal biennial...more Publication -
Working Paper No. 153
Technology and the Demand for Skills
December 01, 1995 In this working paper Research Associate Edward N. Wolff documents changes during the period 1950–90 in aggregate skill levels of the workplace. Wolff investigates skill trends at the sectoral level,...more Publication -
Working Paper No. 152
Reforming Unemployment Insurance
December 01, 1995 In this working paper Resident Research Associate Oren M. Levin-Waldman builds on earlier work (see Working Paper No. 140) to argue that the unemployment insurance (UI) system is in need...more Publication -
Working Paper No. 151
The Working Poor and Welfare Recipiency
December 01, 1995 Many participants in the current welfare debate assume that welfare recipients are taking unfair advantage of government programs by avoiding work. However, a growing body of research indicates that this...more Publication -
Working Paper No. 148
Does an Independent Central Bank Violate Democracy?
November 01, 1995 The question of central bank independence is one of degree. A completely independent central bank is impossible as long as a country has provisions for altering central bank powers, even...more Publication -
Working Paper No. 147
Capital Gains Tax Cuts, Investment, and Growth
October 01, 1995 No further information available. Publication -
Public Policy Brief No. 23
A Critical Imbalance in US Trade
September 20, 1995 According to Wynne Godley, the significance of the deficit in the United States’ balance of payments has been underestimated in both public policy and academic discussions, despite the fact that...more Publication -
Public Policy Brief No. 22
Closing the R&D Gap
September 19, 1995 Both spending and tax policies have been implemented in the United States with the goal of stimulating private sector research and development (R&D). Thomas Karier questions whether current R&D policy,...more Publication -
Working Paper No. 146
The Stock Market and the Corporate Sector
September 01, 1995 No further information available. Publication