Search

4190 results found

• 

  Working Paper No. 410

  Gibson’s Paradox, Monetary Policy, and the Emergence of Cycles

  Many empirical studies have found that interest rate increases have a positive effect on the price level. This paper pursues an obvious, but neglected explanation: interest payments are a cost of production that is at least in part passed on to customers. A model shows that the cost-push effect of inflation, long known as Gibson’s […]
• 

  Working Paper No. 409

  Assessing the ECB’s Performance since the Global Slowdown

  This paper assesses the ECB’s performance, which the author finds to be seriously lacking but which is of paramount importance to understanding euroland’s ongoing stagnation and fragility. A main finding is that the series of policy blunders which characterized the bank’s conduct features a bias. Institutions as well as personalities appear to be behind the […]
• 

  Press Release

  Poverty Policy Must Create Jobs for Poor, New Levy Economics Institute Study Says

• 

  Public Policy Brief No. 78

  The War on Poverty after 40 Years

  Twenty to 25 years ago, a debate was under way in academe and in the popular press over the War on Poverty. One group of scholars argued that the war, initiated by Presidents Kennedy and Johnson, had been lost, owing to the inherent ineffectiveness of government welfare programs. Charles Murray and other scholars argued that […]
• 

  Press Release

  Official Measures Overstate the Impact Of Government Spending and Taxation Policies in Reducing Inequality, Suggests New Levy Institute Study

• 

  Public Policy Brief No. 77

  The Sustainability of Economic Recovery in the United States

  A rebound of consumption, investment, and consumer confidence in the second half of 2003 has raised hopes that the United States’ recovery from the 2001 recession is on a sustainable course. According to this brief by Philip Arestis and Elias Karakitsos, however, the trend in the short-term factors affecting the economy has changed for the […]
• 

  Report No. 2

  Report June 2004

  In this issue, Senior Scholar L. Randall Wray’s comments on President Bush’s tax relief and spending stimulus, and all that red ink. Contents: Comment, “Greenspan and All That Red Ink” * New Strategic Analysis, “Is Deficit-Financed Growth Limited? Policies and Prospects in an Election Year” * New Policy Note, “Inflation Targeting and the Natural Rate […]
• 

  Book Series

  What Has Happened to the Quality of Life in the Advanced Industrialized Nations?

  Throughout the 1990s the United States expanded its lead over other advanced industrial nations in terms of conventionally measured per capita income. However, it is not clear that welfare levels in America have grown concomitantly with per capita income, nor that Americans are necessarily better off than citizens of other advanced countries. The contributors to […]
• 

  Public Policy Brief Highlight No. 78

  The War on Poverty after 40 Years

  Twenty to 25 years ago, a debate was under way in academe and in the popular press over the War on Poverty. One group of scholars argued that the war, initiated by Presidents Kennedy and Johnson, had been lost, owing to the inherent ineffectiveness of government welfare programs. Charles Murray and other scholars argued that […]
• 

  Public Policy Brief Highlight No. 77

  The Sustainability of Economic Recovery in the United States

  A rebound of consumption, investment, and consumer confidence in the second half of 2003 has raised hopes that the United States’ recovery from the 2001 recession is on a sustainable course. According to this brief by Philip Arestis and Elias Karakitsos, however, the trend in the short-term factors affecting the economy has changed for the […]
• 

  Working Paper No. 408

  Keynesian Theorizing during Hard Times

  This paper argues that the Stock-Flow Consistent Approach to macroeconomic modeling can be seen as a natural outcome of the path taken by Keynesian macroeconomic thought in the 1960s and 1970s, a theoretical frontier that remained largely unexplored with the end of Keynesian academic hegemony. The representative views of Davidson, Godley, Minsky, and Tobin as […]
• 

  Press Release

  Revenue Sharing and Government Jobs Program Will Help Sustain US Economy, New Levy Report Says