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Working Paper No. 874“Engendering” Intergovernmental Transfers
This paper seeks to evaluate whether a gender-sensitive formula for the inter se devolution of union taxes to the states makes the process more progressive. We have used the state-specific child sex ratio (the number of females per thousand males in the age group 0–6 years) as one of the criteria for the tax devolution. […] -
BlogMinsky Meets Brazil (Part IV)
by Felipe Rezende Part IV This last part of the series (see Part I, II, and III here, here, and here) will focus on the Brazilian response to the crisis. 1. What Should Brazil Do? The current Brazilian crisis fits with Minsky’s theory of instability (see here, here, and here). The traditional response to [...] -
MME, September 19, 2016
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Αποψη: Αναδιαρθρώνοντας το ελληνικό δημόσιο χρέος
Kathimerini, 18 Σεπτέμβριος 2016. Με επιφύλαξη παντός δικαιώματος. Η ελληνική κυβέρνηση αναμένεται να ολοκληρώσει με επιτυχία στο τέλος του μήνα ή το αργότερο τον Οκτώβριο τη δεύτερη αξιολόγηση του τρίτου μνημονίου, ανοίγοντας τον δρόμο για την εκταμίευση 2,8 δισ. ευρώ από τους Ευρωπαίους πιστωτές. Το ελληνικό Κοινοβούλιο θα υιοθετήσει, μετά τους συνήθεις θεατρινισμούς, τους βασικούς […] -
Working Paper No. 873
Quality of Match for Statistical Matches Used in the Development of the Levy Institute Measure of Time and Consumption Poverty (LIMTCP) for Ghana and Tanzania
This document presents a description of the quality of match of the statistical matches used in the LIMTCP estimates prepared for Ghana and Tanzania. For Ghana, the statistical match combines the Living Standards Survey Round 6 (GLSS6) with the Ghana Time Use Survey (GTUS) 2009, and for Tanzania it combines the Household Budget Survey (THBS) […] -
Blog
Minsky Meets Brazil (Part III)
by Felipe Rezende Part III This part of the series (see Parts I and II, here and here) will focus on macroeconomic and microeconomic aspects of financial fragility and the provision of liquidity. Minsky’s framework not only sheds light on how to detect unsustainable financial practices, but the position adopted in this paper is that [...] -
Blog
L. Randall Wray on the Radical Imagination
Jim Vrettos, a sociologist at John Jay College and host of “The Radical Imagination”, interviewed the Levy Institute’s Randy Wray on how the discipline of economics has gone astray. Wray’s story begins in the late 1960s, with what he describes as a reaction against “New Deal economics.” The interview ends with a discussion of the [...] -
Minsky’s Moment
The second in a series of articles on seminal economic ideas looks at Hyman Minsky’s hypothesis that booms sow the seeds of busts. -
Imagining Economics in an Age of Stein, Clinton, Trump, or Johnson
Manhattan Neighborhood Network, August 25, 2016. All Rights Reserved. "Radical Imagination" host Jim Vrettos talks to Senior Scholar L. Randall Wray about what the US economy might look like under a Stein, Clinton, Trump, or Johnson administration. Full video of the interview is available here. -
Working Paper No. 872
Federalism, Fiscal Space, and Public Investment Spending
The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt sustainability by placing a ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out deficits in the budget revenue account. This paper examines whether the application of fiscal rules has contributed to […] -
Blog
Minsky Meets Brazil (Part II)
by Felipe Rezende This series will discuss at length the underlying forces behind Brazil’s current crisis. (See Part I here) Part II Building on Keynes’s investment theory of the cycle, Minsky’s work suggests that the structure of the economy becomes more fragile over a period of tranquility and prosperity. That is, endogenous processes breed financial [...] -
Blog
Tcherneva: Time for a US Job Guarantee (Part 2)
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