Publications
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Working Paper No. 464
July 26, 2006
Differing Prospects for Women and Men
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Working Paper No. 463
July 25, 2006
Working for a Good Retirement
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Working Paper No. 462
July 24, 2006
Quick Impact Initiatives for Gender Equality
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Working Paper No. 461
July 23, 2006
Wage Growth and the Measurement of Social Security’s Financial Condition
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Working Paper No. 460
July 22, 2006
How the Maastricht Regime Fosters Divergence As Well As Fragility
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Working Paper No. 459
July 21, 2006
Banking, Finance, and Money
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Working Paper No. 458
July 20, 2006
Dissent and Discipline in Ben Gurion’s Labor Party, 1930–32
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Book Series
July 16, 2006
The Distributional Effects of Government Spending and Taxation
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Policy Notes No. 5
July 06, 2006
The Burden of Aging
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Working Paper No. 457
June 19, 2006
Why Central Banks (and Money) “Rule the Roost”
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Working Paper No. 456
June 18, 2006
Asset Prices, Financial Fragility, and Central Banking
AbstractThe paper reviews the current literature on the subject in both the New Consensus and Post Keynesian frameworks. It shows that both approaches give to central banks a wrong goal (inflation, distribution, curbing speculation, and so on) and a wrong instrument (interest rate rule). The paper claims that central banks should focus their attention on […]
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Working Paper No. 455
June 17, 2006
The Minskyan System, Part III
AbstractThis is the last part of a three-part analysis of the Minskyan Framework. The paper presents a model that studies some of the features presented in Parts I and II. The model is Post-Keynesian in nature and puts a large emphasis on the role of conventions and the importance of the financial side. In doing […]
Download Working Paper No. 455 PDF (624.07 KB) -
Working Paper No. 454
June 12, 2006
How Does Household Production Affect Earnings Inequality?
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Public Policy Brief No. 85
June 11, 2006
The Fallacy of the Revised Bretton Woods Hypothesis
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Working Paper No. 453
June 09, 2006
The Minskyan System, Part II
AbstractThis is the second part of a three-part analysis of the Minskyan framework. It studies in detail the dynamics at the root of the endogenous financial weakening of capitalist economic systems. This part combines the properties presented in part I with other important concepts, such as the paradox of leverage and conventional expectations, to explain […]
Download Working Paper No. 453 PDF (195.25 KB) -
Working Paper No. 452
June 08, 2006
The Minskyan System, Part I
AbstractThis is the first part of a three-part analysis of the Minskyan framework. Via an extensive review of the literature, this paper looks at 12 essential elements necessary to get a good understanding of Minsky’s theory, and argues that those elements are central to comprehend how a monetary production economy works. This paper also shows […]
Download Working Paper No. 452 PDF (438.39 KB) -
Working Paper No. 451
May 25, 2006
Time and Money
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Working Paper No. 450
May 24, 2006
Extending Minsky’s Classifications of Fragility to Government and the Open Economy
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Working Paper No. 449
May 23, 2006
The Temporal Welfare State: A Cross-national Comparison
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Working Paper No. 448
May 22, 2006
Gibson’s Paradox II
AbstractThe Gibson paradox, long observed by economists and named by John Maynard Keynes (1936), is a positive relationship between the interest rate and the price level. This paper explains the relationship by means of interest-rate, cost-push inflation. In the model, spending is driven in part by changes in the rate of interest, and the central […]
Download Working Paper No. 448 PDF (132.38 KB) -
Public Policy Brief No. 84
May 20, 2006
Can Basel II Enhance Financial Stability?
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Strategic Analysis
May 18, 2006
Can the Growth in the US Current Account Deficit Be Sustained?
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Working Paper No. 447
May 03, 2006
Household Wealth and the Measurement of Economic Well-Being in the United States
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Working Paper No. 446
May 01, 2006
Feminist-Kaleckian Macroeconomic Policy for Developing Countries