Publications
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1681 publications found
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Working Paper No. 106
March 01, 1994
The Role of Consistent Implementation of Policy
AbstractNo further information available.
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Working Paper No. 105
March 01, 1994
The Collapse of Low-skill Male Earnings in the 1980s
AbstractNo further information available.
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Working Paper No. 104
February 04, 1994
The Anatomy of Changing Male Earnings Inequality
AbstractNo further information available.
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Working Paper No. 103
February 03, 1994
Business Tax Incentives and Investments
AbstractNo further information available.
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Working Paper No. 102
January 01, 1994
Credibility of the Interwar Gold Standard, Uncertainty, and the Great Depression
AbstractNo further information available.
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Book Series
December 01, 1993
Poverty and Prosperity in the USA in the Late Twentieth Century
AbstractThe fact that levels of poverty and inequality showed an unprecedented rise in the 1980s in the United States despite a sustained expansion beginning in 1983 raises concerns about appropriate policy actions needed to offset these developments. The papers in this volume explore manifestations of this inequality, including unexpectedly high poverty rates, shrinkage of the […]
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Public Policy Brief No. 10
November 10, 1993
Job-lock: An Impediment to Labor Mobility?
AbstractRecent survey results and anecdotal evidence appear to indicate that workers sometimes sacrifice job opportunities by remaining in their current position in order to retain health benefits. If “job-lock” is real, the nation pays an economic price in terms of a misallocation of workersamong productive opportunities, higher relocation and training costs for workers who have […]
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Working Paper No. 101
November 01, 1993
Technological Change and the Demand for Skills in the 1980s
AbstractNo further information available.
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Working Paper No. 100
October 20, 1993
Avoiding a Future of Unemployment and Low Wages
AbstractNo further information available.
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Public Policy Brief No. 9
October 09, 1993
The Investment-Finance Link
AbstractThe author of this brief offers evidence that policies aimed at stimulating private sector investment through interest rate reductions are, at best, misguided. He concludes that, while there may be benefits from policies aimed at increasing saving or lowering the budget deficit, a higher level of business investment is not one of them. Rather, because […]
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Working Paper No. 99
October 01, 1993
Government Deficits, Liquidity Preference, and Schumpeterian Innovation
AbstractWray asserts that rigorous analyses of the role played by innovation in economic development must acknowledge the contribution of Joseph Schumpeter. However, the author suggests that the current stagnation confronting most developed, capitalist economies "cannot be understood without synthesizing Schumpeter’s insights with those of Kalecki and Keynes." Hence, Schumpeter’s work alone is inadequate in explaining […]
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Public Policy Brief No. 8
September 08, 1993
Financing Prosperity in the Next Century
AbstractThe authors of this brief propose a series of reforms aimed at making bank regulations compatible with the changing financial system. They present evidence to support their contention that change in the market for financial services has reduced the importance of depositories as they have traditionally operated. A dramatic increase in nonbank competition has contributed […]
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Working Paper No. 98
September 01, 1993
Investment and US Fiscal Policy in the 1990s
AbstractIn this working paper, Steven Fazzari presents new empirical research that attempts to measure the relative strength of fiscal policy on investment through the cost of capital, firms’ financial circumstances, and sales growth. Fazzari argues against the crowding-out effect and claims that even if the connection between the national budget deficit and interest rates is […]
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Working Paper No. 97
August 01, 1993
Is Health Insurance Crippling the Labor Market?
AbstractWhile discussion about health care encompasses a wide array of issues—inadequate access, the growing share of national resources devoted to health care, the incidence of cost-shifting from the uninsured to the insured, and differences in premium costs between seemingly similar insured individuals—growing significance has been placed on how aspects of the current system may create […]
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Working Paper No. 96
June 10, 1993
Mortgage Default among Rural, Low Income Borrowers
AbstractIn this working paper, Quercia, McCarthy, and Stegman use data obtained on 874 low income, rural borrowers participating in the Section 502 Home Ownership program administered by the Farmer’s Home Administration (FmHA), and apply two multivariate proportional hazard models in order to analyze default decisions among these borrowers over time. The authors cite two key […]
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Public Policy Brief No. 7
June 07, 1993
Immigration Policy: A Tool of Labor Economics?
AbstractVernon M. Briggs argues that, while mass immigration in the past was consistent with then-existing labor market needs, today it is incompatible with the nation’s economic development trends and labor force requirements. He concludes that it is important to shift the emphasis of the legal immigration admission system away from the politically popular family reunification […]
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Working Paper No. 95
May 10, 1993
The Community Reinvestment Act, Lending Discrimination, and the Role of Community Development Banks
AbstractThe Community Development Banks (CDBs) should not be seen as a substitute for the Community Reinvestment Act (CRA) or for other programs designed to revitalize lower income areas. Rather, they should be seen as a complement for existing programs and for other programs that will be proposed by the Clinton administration. As discussed above, the […]
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Working Paper No. 94
May 09, 1993
Productivity, Private and Public Capital, and Real Wage in the United States, 1948–1990
AbstractNo further information available.
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Working Paper No. 93
May 08, 1993
Finance and Stability
AbstractOnce again the United States economy is facing a crisis, resolution of which first requires the realization that there are many types of capitalism: Solutions implemented in the past, therefore, may or may not be an appropriate solution today, as they could have been implemented as an answer to a problem posed within the context […]
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Working Paper No. 92
May 07, 1993
The Current State of Banking Reform
AbstractBanking reform has always been a part of the political agenda, although policy tends to focus on the specific concerns of the public at the time of crisis; as times (and crises) change, so does the direction of public policy. The result has often been that change instituted in answer to one crisis has precipitated […]
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Public Policy Brief No. 6
May 06, 1993
A Path to Community Development
AbstractΗ δημιουργία ενός εθνικού συστήματος τραπεζών κοινοτικής ανάπτυξης θα βοηθούσε να καλυφθεί το χρηματοδοτικό κενό σε περιοχές που δεν εξυπηρετούνται επαρκώς από τις παραδοσιακές τράπεζες παρά τις απαιτήσεις της Πράξης Κοινοτικής Επανεπένδυσης (CRA). Οι οργανισμοί αυτοί θα είχαν την ευθύνη να προσφέρουν πίστωση, υπηρεσίες πληρωμών και αποταμίευσης καθώς και βασική δανειοδότηση σε νοικοκυριά και μικρές […]
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Public Policy Brief No. 6
May 06, 1993
A Path to Community Development
AbstractThe establishment of a system of federally regulated, for-profit community development banks (CDBs) would help to fill the financial gap in areas inadequately served by traditional banks, requirements of the Community Reinvestment Act (CRA) notwithstanding. These organizations would be charged with delivering credit, payment, and savings opportunities and providing basic financing to households and small […]
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Public Policy Brief No. 5
May 05, 1993
The Limits of Prudential Supervision
AbstractAccording to Bernard Shull, although the recent round of banking legislation—most notably the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) and the Federal Deposit Insurance Corporation Improvement Act (FDICIA)—did take steps toward preventing financial crises, it did not go far enough in the area of unifying the regulatory structure. Shull proposes unifying federal bank […]
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Working Paper No. 91
May 01, 1993
A Comparison of Proposals to Restructure the US Financial System
AbstractThis paper illustrates the potential for risk diversification through the common ownership of a hypothetical bank and nonbanking firm. The illustration has several implications for proposals for restructuring the financial system. Banks are not necessarily made safer by requiring that all nonbanking activities be conducted through separate subsidiaries. On the contrary, banks may be less […]
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