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Working Paper No. 101Technological Change and the Demand for Skills in the 1980s
November 01, 1993 No further information available. Publication -
Working Paper No. 100
Avoiding a Future of Unemployment and Low Wages
October 20, 1993 No further information available. Publication -
Public Policy Brief No. 9The Investment-Finance Link
October 09, 1993 The author of this brief offers evidence that policies aimed at stimulating private sector investment through interest rate reductions are, at best, misguided. He concludes that, while there may be...more Publication -
Working Paper No. 99
Government Deficits, Liquidity Preference, and Schumpeterian Innovation
October 01, 1993 Wray asserts that rigorous analyses of the role played by innovation in economic development must acknowledge the contribution of Joseph Schumpeter. However, the author suggests that the current stagnation confronting...more Publication -
Public Policy Brief No. 8
Financing Prosperity in the Next Century
September 08, 1993 The authors of this brief propose a series of reforms aimed at making bank regulations compatible with the changing financial system. They present evidence to support their contention that change...more Publication -
Working Paper No. 98
Investment and US Fiscal Policy in the 1990s
September 01, 1993 In this working paper, Steven Fazzari presents new empirical research that attempts to measure the relative strength of fiscal policy on investment through the cost of capital, firms’ financial circumstances,...more Publication -
Working Paper No. 97
Is Health Insurance Crippling the Labor Market?
August 01, 1993 While discussion about health care encompasses a wide array of issues—inadequate access, the growing share of national resources devoted to health care, the incidence of cost-shifting from the uninsured to...more Publication -
Working Paper No. 96
Mortgage Default among Rural, Low Income Borrowers
June 10, 1993 In this working paper, Quercia, McCarthy, and Stegman use data obtained on 874 low income, rural borrowers participating in the Section 502 Home Ownership program administered by the Farmer’s Home...more Publication -
Public Policy Brief No. 7
Immigration Policy: A Tool of Labor Economics?
June 07, 1993 Vernon M. Briggs argues that, while mass immigration in the past was consistent with then-existing labor market needs, today it is incompatible with the nation’s economic development trends and labor...more Publication -
Working Paper No. 95
The Community Reinvestment Act, Lending Discrimination, and the Role of Community Development Banks
May 10, 1993 The Community Development Banks (CDBs) should not be seen as a substitute for the Community Reinvestment Act (CRA) or for other programs designed to revitalize lower income areas. Rather, they...more Publication -
Working Paper No. 94
Productivity, Private and Public Capital, and Real Wage in the United States, 1948–1990
May 09, 1993 No further information available. Publication -
Working Paper No. 93
Finance and Stability
May 08, 1993 Once again the United States economy is facing a crisis, resolution of which first requires the realization that there are many types of capitalism: Solutions implemented in the past, therefore,...more Publication -
Working Paper No. 92
The Current State of Banking Reform
May 07, 1993 Banking reform has always been a part of the political agenda, although policy tends to focus on the specific concerns of the public at the time of crisis; as times...more Publication -
Public Policy Brief No. 6
A Path to Community Development
May 06, 1993 The establishment of a system of federally regulated, for-profit community development banks (CDBs) would help to fill the financial gap in areas inadequately served by traditional banks, requirements of the...more Publication -
Public Policy Brief No. 6
A Path to Community Development
May 06, 1993 Η δημιουργία ενός εθνικού συστήματος τραπεζών κοινοτικής ανάπτυξης θα βοηθούσε να καλυφθεί το χρηματοδοτικό κενό σε περιοχές που δεν εξυπηρετούνται επαρκώς από τις παραδοσιακές τράπεζες παρά τις απαιτήσεις της Πράξης...more Publication -
Public Policy Brief No. 5
The Limits of Prudential Supervision
May 05, 1993 According to Bernard Shull, although the recent round of banking legislation—most notably the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) and the Federal Deposit Insurance Corporation Improvement Act (FDICIA)—did...more Publication -
Working Paper No. 91
A Comparison of Proposals to Restructure the US Financial System
May 01, 1993 This paper illustrates the potential for risk diversification through the common ownership of a hypothetical bank and nonbanking firm. The illustration has several implications for proposals for restructuring the financial...more Publication -
Working Paper No. 90
Narrow Banks
April 10, 1993 Recent banking problems have prompted a variety of proposals for reforming deposit insurance and the banking system. Nearly all of these proposals, however, suffer from a common flaw—they would fail...more Publication -
Working Paper No. 89
Profits for Economists
April 01, 1993 There is no single best estimate of profits because different purposes require measures. For example, profits in national income should be different than profits in financial statements. But given these...more Publication -
Working Paper No. 88
Limits of Prudential Supervision
March 10, 1993 Bank supervision typically receives little if any attention when banks are operating without difficulty. But when banks fail in large numbers, or large banks fail, and the system itself is...more Publication -
Working Paper No. 87
The Psychology of Risk
March 09, 1993 Risk is commonly defined in negative terms-the probability of suffering a loss or factors and actions involving uncertain dangers or hazards. On the other hand, the term risk as used...more Publication -
Working Paper No. 86
The Origins of Money and the Development of the Modern Financial System
March 08, 1993 The origins of money and banking are explained in nearly every introduction money and banking course, but Wray proposes an alternative approach that emerges from a comparative analysis of economic...more Publication -
Public Policy Brief No. 4
Public Infrastructure Investment: A Bridge to Productivity Growth?
March 03, 1993 This brief presents contrasting views on the effects of public infrastructure investment on private sector productivity. David Alan Aschauer states that the slower rate of productivity growth since the early...more Publication -
Working Paper No. 85
The Relationship between Public and Private Investment
February 10, 1993 The relationship between government spending and aggregates such as output, employment, and prices has been the subject of many theoretical and empirical studies. Recently, however, interest has shifted to government...more Publication