Filter by
4186 results found
-
BlogThe Political Economy of Lockdown in India
by Harikrishnan S and Lekha Chakraborty As predictable as it can be, the Indian Prime Minister announced lockdown at 8 PM on March 24th 2020, giving the country and its 1.3 billion people all of four hours to get ready, evoking memories of the demonetisation announcement and the midnight launch of the GST! This was [...] -
Strategic Analysis
Greece’s Economy after COVID-19
Greece’s fragile economic recovery was halted by the COVID-19 pandemic: GDP, employment, exports, and investment are expected to record significantly negative trends. While some projections for GDP growth show a quick V-shaped recovery beginning in 2021, this is rather improbable given the Greek economy’s structural inefficiencies. This strategic analysis explores the consequences of various assumptions about […] -
Working Paper No. 956An Empirical Analysis of Long-Term Brazilian Interest Rates
This paper empirically models the dynamics of Brazilian government bond (BGB) yields based on monthly macroeconomic data in the context of the evolution of Brazil’s key macroeconomic variables. The results show that the current short-term interest rate has a decisive influence on BGBs’ long-term interest rates after controlling for various key macroeconomic variables, such as […] -
Working Paper No. 955
Class Size, Cognitive Abilities, Bullying, and Violent Behavior
This study uses rich administrative and survey data to investigate the effects of class size on students’ cognitive tests as well as bullying and violent behavior. I use the maximum class size rule to create a regression discontinuity (RD) relation between cohort enrollment size and class size in the public and the United Nations Relief […] -
Blog
Jan Kregel: Why Stimulus Cannot Solve the Pandemic Depression
[iframe width=”495″ height=”278″ src=”https://www.youtube.com/embed/rneE9ui9F1c” frameborder=”0″ allow=”accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture” allowfullscreen></iframe] -
Policy Notes No. 4Guaranteeing Employment during the Pandemic and Beyond
The ongoing job losses, already numbering in the tens of millions, and the mass unemployment that will remain once the COVID-19 crisis has passed are of our own making, argues Pavlina R. Tcherneva, created by our inability to conceive of policies that protect and create jobs on demand. There is another option: instead of capitulating […] -
Press ReleaseCOVID-19 Crisis Likely to Widen Income, Racial, and Gender Inequality, Exacerbating Spread of the Virus and Prolonging Economic Downturn, New Levy Study Says
-
Working Paper No. 954
Household Consumption, Household Indebtedness, and Inequality in Turkey
This paper examines whether relative income and income inequality within reference groups affect household consumption. Using the explanations of consumption behavior based on Dusenberry’s relative income hypothesis, we test if household consumption levels in Turkey are affected by the household’s relative position and inequality in the reference group between 2005–12 by employing cross-sectional household-level data. […] -
Working Paper No. 953
Notes on the Accumulation and Utilization of Capital
The paper makes three contributions. First, following up on Nikiforos (2016), it provides an in-depth examination of the Federal Reserve measure of capacity utilization and shows that it is closer to a cyclical indicator than a measure of long run variations of normal utilization. Other measures, such as the average workweek of capital or the […] -
Working Paper No. 952
Notes on the Accumulation and Utilization of Capital
This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution—more precisely, with regards to their ability to combine an autonomous role for demand (along Keynesian lines) and an institutionally determined distribution (along […] -
Senior Scholar L. Randall Wray debated the Heritage Foundation’s Stephen Moore at an April 22 event sponsored by CFA Society Chicago.
-
Policy Notes No. 3
Immigration Policy Undermines the US Pandemic Response
Research Scholar Martha Tepepa explains how the US response to the COVID-19 crisis will be hindered by its approach to immigration policy. The administration’s “zero tolerance” immigration campaign creates a public health risk in the context of this pandemic, and the recent implementation of the “Inadmissibility on Public Charge Grounds” final rule penalizing noncitizen recipients […]