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Working Paper No. 727
Simulations of Full-Time Employment and Household Work in the Levy Institute Measure of Time and Income Poverty (LIMTIP) for Argentina, Chile, and Mexico
The method for simulation of labor market participation used in the LIMTIP models for Argentina, Chile, and Mexico is described. In each case, all eligible adults not working full-time were assigned full-time jobs. In all households that included job recipients, the time spent on household production was imputed for everyone included in the time-use survey. […]
Συνεργασία του IΝΕ-ΓΣΕΕ με το Levy Economics Institute
Express.gr, July 3, 2012. © All Rights Reserved. ΣΤΗΝ υπογραφÎ® συμφωνητικοÏ συνεργασÎ¯ας αναμÎνεται να προχωρÎ®σουν το ΠαρατηρητÎ®ριο ΟικονομικÏŽν και ΚοινωνικÏŽν ΕξελÎ¯ξεων του ΙνστιτοÏτου ΕργασÎ¯ας της ΓΣΕΕ—ΑΔΕΔΥ με το Levy Economics Institute του Bard College της ΝÎας ΥÏŒρκης. ΣυγκεκριμÎνα, αÏριο ΤετÎ¬ρτη, στις 12 το μεσημÎρι, στα γραφεÎ¯α της ΣυνομοσπονδÎ¯ας θα πραγματοποιηθεÎ¯ συνÎ¬ντηση του προÎδρου της ΓΣΕΕ […]
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Defense Department Minskyites
A few months ago we wondered why it was that business groups hadn’t been pushing harder for more stimulus. My proposed (unoriginal) explanation had to do with inequality and decoupling; Paul Krugman suggested social pressures might also play a part. But as it turns out, there’s another answer: they are pushing! The National Association of [...]
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Greenspan and Godley
Alan Greenspan is apparently writing a book to determine why economic models (all of them, he says) failed to sniff out the financial crisis and ensuing recession. “While the models themselves capture the nonfinancial part of the economy rather well,” says Greenspan, “they’ve been wholly inadequate in understanding how the complex financial system works, both [...]
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Next Up for the Broccoli Brigades: The Consumer Financial Protection Bureau
Brad Plumer reports that a Texas-based bank and a pair of conservative advocacy groups have filed suit against the Consumer Financial Protection Bureau, claiming that the agency is unconstitutional (the agency was created by the Dodd-Frank Act and was a longtime cause of senatorial candidate Elizabeth Warren, who had a hand in setting it up). [...]
Euro : Intransigência Alemã vai Prevalecer
Valor Econômico, June 22, 12. All rights reserved. Durou pouco o alívio do mercado financeiro com o resultado da eleição grega de domingo, que resultou na formação de um governo favorável ao pacote de resgate das finanças públicas do país. Não há dúvida de que a crise da dívida prossegue na Europa, atacando diretamente a […]
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So What Exactly Was Robinson’s “Cheap Money Policy”?
In my last post, I quoted Joan Robinson, the renowned Cambridge University economist, on the determinants of long-term interest rates. The mention of Robinson was made in the context of a comment on the Fed open market committee meeting earlier this week and Chairman Ben Bernanke’s press conference on Wednesday. For those who might be [...]
Economists Find Another Good Moment to Consider Minsky
American Banker, June 1, 2012. © 2012 American Banker and SourceMedia, Inc. All Rights Reserved. Hyman Minsky was a maverick economist in his day. He theorized about the inherent instability of financial markets, and viewed the Federal Reserve as the author of both the permission slip and the prescription for economic crises. None of it […]
Jan Kregel: Banche, deregulation, et le regole del mercato
In audio clips from a forthcoming interview, Senior Scholar Jan Kregel argues that, to address the current crisis, there is a need for regulations that place limits on the activities of financial institutions. The market does not adjust by itself, says Kregel—it needs rules to function efficiently. Radio Audizioni Italiane. Clip 1. Clip 2.
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A Continuation of the Fed’s “Cheap Money Policy”?
As I write, markets are wondering what Fed Chairman Ben Bernanke will say about interest rates in a press conference taking place this afternoon. Many economists, including some on the Federal Reserve’s rate-setting committee, are arguing that the Chairman is courting inflation with his policies of keeping interest rates low. He has been using three [...]
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What Would a Grexit Look Like?
Slate‘s Matt Yglesias nicely captures the gap between the reactions of opinion-makers to the Greek election results and the reactions of markets (Sunday’s electoral results point to a coalition government centered around New Democracy and Pasok): “Markets were supposed to be reassured. Instead they’re freaking out. European stock markets are declining, and Spanish bond yields [...]
Policy Notes No. 7
The Greek Crisis
The European Union’s (EU) handling of the Greek crisis has been an unmitigated disaster. In fact, EU political leadership has been a failure of historic proportions, as its myopic, neoliberal bent and fear-driven policies have brought the eurozone to the brink of collapse. After more than two years of a “kicking the can down the […]