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Description: Working papers present research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals.
Series handle: RePEc:lev:wrkpap
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Content
1999
- wp_291 The Social Wage, Welfare Policy, and the Phases of Capital Accumulation
by Jamee K. Moudud & Ajit Zacharias
- wp_290 Finance in a Classical and Harrodian Cyclical Growth Model
by Jamee K. Moudud
- wp_289 New Perspectives on the Guaranteed Income
by Karl Widerquist
- wp_288 Is There a Wage Payoff to Innovative Work Practices?
by Michael J. Handel & Maury Gittleman
- wp_287 Functional Finance: What, Why, and How?
by Stephanie Bell
- wp_286 The History of Wage Inequality in America, 1820 to 1970
by Robert A. Margo
- wp_285 Computers and the Wage Structure
by Michael J. Handel
- wp_284 The Distribution of Wages: A Non-parametric Decomposition
by Conchita D'Ambrosio
- wp_283 Financing Long-Term Care: Options for Policy
by Walter M. Cadette
- wp_282 The Economic and Monetary Union: Current and Future Prospects
by Philip Arestis & Malcolm Sawyer
- wp_281 Open Economy Macroeconomics Using Models of Closed Systems
by Wynne Godley
- wp_280 The Rhetorical Evolution of the Minimum Wage
by Oren M. Levin-Waldman
- wp_279 "Monetary Policy in an Era of Capital Market Inflation" Abstract: The theory of capital market inflation argues that the values of long-term securities markets are determined by a disequilibrium inflow of funds into those markets. The resulting overcapitalization of companies leads to increased fragility of banking and undermines monetary policy and stable relationships between short- and long-term interests rates, such as that postulated by Keynes in his theory of the speculative demand for money. Moreover, while the increased fragility of banking is an immediate effect, capital market inflation also creates an unstable Ponzi financing structure in the capital market as a whole
by Jan Toporowski
- wp_278 Minsky and the Mainstream: Has Recent Research Rediscovered Financial Keynesianism?
by Steven M. Fazzari
- wp_277 Hyman Minsky's Theory of Capitalist Development
by Charles J. Whalen
- wp_276 Lessons from the Asian Crisis: A Central Banker's Perspective
by Laurence H. Meyer
- wp_275 Minsky's Analysis of Financial Capitalism
by Dimitri B. Papadimitriou & L. Randall Wray
- wp_274 The Independent European Central Bank: Keynesian Alternatives
by Philip Arestis
- wp_273 Savings-Recycling Public Employment: An Assets-Based Approach to Full Employment and Price Stability
by Mathew Forstater
- wp_272 Functional Finance and Full Employment: Lessons from Lerner for Today
by Mathew Forstater
- wp_271 Can Rescheduling Explain the New Jersey Minimum Wage Studies?
by Thomas R. Michl
- wp_270 Can Social Security Be Saved?
by Dimitri B. Papadimitriou & L. Randall Wray
- wp_269 Demand Constraints and Economic Growth
by Marc-Andre Pigeon & L. Randall Wray
- wp_268 Risk Reduction in the New Financial Architecture: Realities, Fallacies, and Proposals
by Martin Mayer
- wp_267 The Minimum Wage and Regional Wage Structure: Implications for Income Distribution
by Oren M. Levin-Waldman
- wp_266 Minsky's Analysis, the European Single Currency, and the Global Financial System
by Malcolm Sawyer
- wp_265 Real Exchange Rates and the International Mobility of Capital
by Anwar M. Shaikh
- wp_264 Further Evidence on the Distributional Effects of Disinflationary Monetary Policy
by Willem Thorbecke
- wp_263 From Common Market to Emu: A Historical Perspective of European Economic and Monetary Integration
by Philip Arestis & Kevin McCauley & Malcolm Sawyer
- wp_262 The 1966 Financial Crisis: A Case of Minskian Instability?
by L. Randall Wray
- wp_261 Theories of Value and the Monetary Theory of Production
by L. Randall Wray
1998
- wp_260 Government Spending and Growth Cycles: Fiscal Policy in a Dynamic Context
by Jamee K. Moudud
- wp_259 Constructing Long and Dense Time-Series of Inequality Using the Theil Index
by Pedro Conceicao & James K. Galbraith
- wp_258 (Full) Employment Policy: Theory and Practice
by Dimitri B. Papadimitriou
- wp_257 Is Keynesianism Institutionalist?: An Irreverent Overview of the History of Money from the Beginning of the Beginning to the Present
by L. Randall Wray
- wp_256 The Minimum Wage in Historical Perspective: Progressive Reformers and the Constitutional Jurisprudence of 'Liberty of Contract
by Oren M. Levin-Waldman
- wp_255 Economic Time
by John F. Henry & L. Randall Wray
- wp_254 Toward a New Instrumental Macroeconomics: Abba Lerner and Adolph Lowe on Economic Method, Theory, History, and Policy
by Mathew Forstater
- wp_253 Finance and the Macroeconomic Process in a Classical Growth and Cycles Model
by Jamee K. Moudud
- wp_252 Modern Money
by L. Randall Wray
- wp_251 Paul Davidson's Economics
by Richard P. F. Holt & J. Barkley Rosser & L. Randall Wray
- wp_250 Explaining Long-Term Exchange Rate Behavior in the United States and Japan
by Anwar M. Shaikh & Rania Antonopoulos
- wp_249 The American Wage Structure, 1920-1947
by Thomas Ferguson & James K. Galbraith
- wp_248 Can Expenditure Cuts Eliminate a Budget Deficit?: The Australian Experience
by George Argyrous
- wp_247 'Inability to Be Self-reliant' as an Indicator of U.S. Poverty: Measurement, Comparisons, and Implications
by Robert Haveman & Andrew Bershadker
- wp_246 Derivatives and Global Capital Flows: Applications to Asia
by Jan A. Kregel
- wp_245 Reciprocity and the Guaranteed Income
by Karl Widerquist
- wp_244 Can Taxes and Bonds Finance Government Spending?
by Stephanie Bell
- wp_243 State Type and Congressional Voting on the Minimum Wage
by Oren M. Levin-Waldman
- wp_242 Money and Credit in a Keynesian Model of Income Determination
by Wynne Godley
- wp_241 Optimal Financing by Money and Taxes of Productive and Unproductive Government Spending: Effects on Economic Growth, Inflation, and Welfare
by David Alan Aschauer
- wp_240 The Place of Cultural Explanations and Historical Specificity in Discussions of Modes of Incorporation and Segmented Assimilation
by Joel Perlmann
- wp_239 An Ethical Framework for Cost-Effective Medicine: Confronting the Risks in Managed Care
by Walter M. Cadette
- wp_238 The Macroeconomics of Industrial Strategy
by Philip Arestis & Malcolm Sawyer
- wp_237 Speed of Technical Progress and Length of the Average Interjob Period
by William J. Baumol & Edward N. Wolff
- wp_236 An Important Inconsistency at the Heart of the Standard Macroeconomic Model
by Wynne Godley & Anwar M. Shaikh
- wp_235 East Asia Is Not Mexico: The Difference between Balance of Payments Crises and Debt Deflations
by Jan A. Kregel
- wp_234 Yes, 'It' Did Happen Again: A Minsky Crisis Happened in Asia
by Jan A. Kregel
- wp_233 Public Capital and Economic Growth: Issues of Quantity, Finance, and Efficiency
by David Alan Aschauer
- wp_232 The Asian Disease: Plausible Diagnoses, Possible Remedies
by Martin Mayer
- wp_231 The Hierarchy of Money
by Stephanie Bell
- wp_230 The Romance of Assimilation: Studying the Demographic Outcomes of Ethnic Intermarriage in American History
by Joel Perlmann
- wp_229 E Pluribus Unum: Bilingualism and Language Loss in the Second Generation
by Alejandro Portes & Lingxin Hao
- wp_228 Education's Hispanic Challenge
by Georges Vernez
- wp_227 The Japanese Financial Crisis, Corporate Governance, and Sustainable Prosperity
by William H. Lazonick
- wp_226 The Political Economy of Corporate Governance in Germany
by Mary O'Sullivan
- wp_225 The Development and Reform of the Modern International Financial System
by L. Randall Wray
- wp_224 The Diagnostic Imaging Equipment Industry: What Prognosis for Good Jobs?
by Chris Tilly
- wp_223 The Kaleckian Analysis and the New Millennium
by Malcolm Sawyer
1997
- wp_222 Money and Taxes: The Chartalist Approach
by L. Randall Wray
- wp_221 Policy Innovation as a Discovery Procedure: Exploring the Tacit Fringes of the Policy Formulation Process
by Mathew Forstater
- wp_220 Employment Policy, Community Development, and the Underclass
by Dimitri B. Papadimitriou
- wp_219 Linking the Minimum Wage to Productivity
by Oren M. Levin-Waldman
- wp_218 Selective Use of Discretionary Public Employment and Economic Flexibility
by Mathew Forstater
- wp_217 The Economic Contributions of Hyman Minsky: Varieties of Capitalism and Institutional Reform
by Dimitri B. Papadimitriou & L. Randall Wray
- wp_216 The Impact of Racial Segregation on the Education and Work Outcomes of Second Generation West Indians in New York City
by Mary C. Waters
- wp_215 Achievement and Ambition among Children of Immigrants in Southern California
by Rubin Rumbaut
- wp_214 The School to Work Transition of Second Generation Immigrants in Metropolitan New York: Some Preliminary Findings
by John Mollenkopf & Philip Kasinitz & Mary C. Waters & Nancy Lopez & Dae Young Kim
- wp_213 Government as Employer of Last Resort: Full Employment without Inflation
by L. Randall Wray
- wp_212 An Efficiency Argument for the Guaranteed Income
by Karl Widerquist & Michael A. Lewis
- wp_211 Income Distribution, Macroeconomic Analysis and Barriers to Full Employment
by Malcolm Sawyer
- wp_210 The Effects of Immigrants on African-American Earnings: A Jobs-Level Analysis of the New York City Labor Market, 1979-1989
by David R. Howell & Elizabeth J. Mueller
- wp_209 Cumulative Regional Decline, Institutional Inadequacy, and the 'Democratic Deficit': Is European Monetary Union Economically and Politically Sustainable?
by Andrew Paulson
- wp_208 On Budget Deficits and Capital Expenditure
by Malcolm Sawyer
- wp_207 Reasserting the Role of Keynesian Policies for the New Millenium
by Philip Arestis & Malcolm Sawyer
- wp_206 Are Good Jobs Flying Away?: U.S. Aircraft Engine Manufacturing and Sustainable Prosperity
by Beth Almeida
- wp_205 Macroeconomics without Equilibrium or Disequilibrium
by Wynne Godley
- wp_204 The Growth in Work Time and the Implications for Macro Policy
by Barry Bluestone & Stephen Rose
- wp_203 The NAIRU: A Critical Appraisal
by Malcolm Sawyer
- wp_202 Aggregate Demand, Investment, and the NAIRU
by Malcolm Sawyer
- wp_201 Organizational Learning and International Competition: The Skill-Base Hypothesis
by William H. Lazonick
- wp_200 Second Generations: Past, Present, Future
by Roger Waldinger & Joel Perlmann
- wp_199 Good Jobs and the Cutting Edge: The U.S. Machine Tool Industry and Sustainable Prosperity
by Robert Forrant
- wp_198 Earnings Inequality and the Quality of Jobs: The Status of Current Research and Proposals for an Expanded Research Agenda
by Philip Moss
- wp_197 Minimum Wage and Justice?
by Oren M. Levin-Waldman
- wp_196 Skiki vono ko shtuvalo?: The Seignorage Loss from Monetary Stabilization in Ukraine
by David Alan Aschauer
- wp_195 'Multiracials,' Racial Classification, and American Intermarriage: The Public's Interest
by Joel Perlmann
- wp_194 The Working Poor: Lousy Jobs or Lazy Workers?
by Marlene Kim
- wp_193 The Impact of Declining Union Membership on Voter Participation among Democrats
by Oren M. Levin-Waldman
- wp_192 Social Security: The Challenge of Financing the Baby Boom's Retirement
by Walter M. Cadette
- wp_191 Dynamic Output and Employment Effects of Public Capital
by David Alan Aschauer
- wp_190 Output and Employment Effects of Public Capital
by David Alan Aschauer
- wp_189 Do States Optimize?: Public Capital and Economic Growth
by David Alan Aschauer
- wp_188 No Easy Answers: Comparative Labor Market Problems in the United States versus Europe
by Rebecca M. Blank
- wp_187 Real Estate and the Capital Gains Debate
by Michael Hudson & Kris Feder
- wp_186 Gender Wage Differentials, Affirmative Action, and Employment Growth on the Industry Level
by Judith Fields & Edward N. Wolff
- wp_185 Disinflationary Monetary Policy and the Distribution of Income
by Willem Thorbecke
- wp_184 The New Welfare: How Can It Be Improved?
by Oren M. Levin-Waldman
- wp_183 Corporate Governance and Corporate Employment: Is Prosperity Sustainable in the United States?
by William H. Lazonick & Mary O'Sullivan
1996
- wp_182 Literacy Among the Jews of Russia in 1897: A Reanalysis of Census Data
by Joel Perlmann
- wp_181 Which Immigrant Occupational Skills?: Explanations of Jewish Economic Mobility in the United States and New Evidence, 1910-1920
by Joel Perlmann
- wp_180 The Utilization of Human Capital in the U.S., 1975-1992: Patterns of Work and Earnings Among Working-Age Males
by Robert Haveman & Lawrence Buron & Andrew Bershadker
- wp_179 Protracted Frictional Unemployment as a Heavy Cost of Technical Progress
by William J. Baumol & Edward N. Wolff
- wp_178 The Collapse of Low-Skill Wages
by David R. Howell
- wp_177 Taxes, Saving, and Macroeconomics
by Neil H. Buchanan
- wp_176 Exploring the Politics of the Minimum Wage
by Oren M. Levin-Waldman
- wp_175 What Do Micro Data Reveal About the User Cost Elasticity?: New Evidence on the Responsiveness of Business Capital Formation
by Robert S. Chirinko & Steven M. Fazzari & Andrew P. Meyer
- wp_174 The Second Generation and the Children of the Native-Born: Comparisons and Refinements
by Joel Perlmann & Roger Waldinger
- wp_173 A Critique of Competing Plans for Radical Tax Restructuring
by Neil H. Buchanan
- wp_172 Selective Migration as a Basis for Upward Mobility?: The Occupations of the Jewish Immigrants to the United States, ca. 1900
by Joel Perlmann
- wp_171 Rethinking Health Care Policy: The Case for Retargeting Tax Subsidies
by Walter M. Cadette
- wp_170 Which Deficit?: Comparing Thirteen Measures of the U.S. Fiscal Deficit on Theoretical and Empirical Grounds
by Neil H. Buchanan
- wp_169 Comparing Alternative Methods of Adjusting U.S. Federal Fiscal Deficits for Cyclical and Price Effects
by Neil H. Buchanan
- wp_168 Assimilation: The Second Generation and Beyond, Then and Now
by Joel Perlmann & Roger Waldinger
- wp_167 Money, Finance and National Income Determination: An Integrated Approach
by Wynne Godley
- wp_166 The Minimum Wage and the Path Toward a High Wage Economy
by Oren M. Levin-Waldman
- wp_165 Economic Insecurity and the Institutional Prerequisites for Successful Capitalism
by Hyman P. Minsky & Charles J. Whalen
- wp_164 The Consumer Price Index As a Measure of Inflation
by Dimitri B. Papadimitriou & L. Randall Wray
- wp_163 Managing Foreign Capital Flows: The Experience of Korea, Thailand, Malaysia, and Indonesia
by Yung Chu Park & Chi-Young Song
- wp_162 Capital Account Regulations and Macroeconomic Policy: Two Latin American Experiences
by Guillermo Le Fort & Carlos Budnevich
- wp_161 Globalization, Capital Flows, and International Regulation
by Andrew Cornford & Jan A. Kregel
- wp_160 Intervention Versus Regulation: The Role of the IMF in Crisis Prevention and Management
by E. V. K. FitzGerald
- wp_159 The Anatomy of the Bond Market Turbulence of 1994
by Claudio E. V. Borio & Robert N. McCauley
- wp_158 Capital Inflows and Macroeconomic Policy in Sub-Saharan Africa
by Louis Kasekende & Damoni Kitabire & Matthew Martin
- wp_157 A New Facility for the IMFA New Facility for the IMF
by John Williamson
- wp_156 Understanding the 1994 Election: Still No Realignment
by Oren M. Levin-Waldman
- wp_155 Uncertainty and the Institutional Structure of Capitalist Economies
by Hyman P. Minsky
- wp_154 Unemployment, Inflation and the Job Structure
by James K. Galbraith
1995
1994
- wp_131 The Earned Income Tax Credit and the Need to Synchronize Public Assistance Benefits
by Oren M. Levin-Waldman
- wp_130 Can We Afford Grandma and Grandpa?
by S. Jay Levy
- wp_129 The Credibility of the Federal Reserve's Monetary Targets
by J. Peter Ferderer
- wp_128 Should the U.S. Government Adopt a Biennial Budget?
by Charles J. Whalen
- wp_127 Financial Instability and the Decline(?) of Banking: Public Policy Implications
by Hyman P. Minsky
- wp_126 Financial Institutions, Economic Policy, and the Dynamic Behavior of the Economy
by Domenico Delli Gatti & Mauro Gallegati & Hyman P. Minsky
- wp_125 Profit Sharing and Gainsharing: A Review of Theory, Incidence, and Effects
by Derek C. Jones & Takao Kato & Jeffrey Pliskin
- wp_124 Flying Blind: The Federal Reserve's Experiment with Unobservables
by Dimitri B. Papadimitriou & L. Randall Wray
- wp_123 The Utilization of U.S. Male Labor, 1975-1992: Estimates of Forgone Work Hours
by Lawrence Buron & Robert Haveman & Owen O'Donnell
- wp_122 Recent Trends in U.S. Male Work and Wage Patterns: An Overview
by Lawrence Buron & Robert Haveman & Owen O'Donnell
- wp_121 The Timing of Promotion to Top Management in the U.S. and Japan: A Duration Analysis
by Takao Kato, Larry W. Taylor
- wp_120 The Productivity Convergence Debate: A Theoretical and Methodological Reconsideration
by Bruce Elmslie & William Milberg
- wp_119 Liquidity, Uncertainty, and the Declining Predictive Power of the Paper-bill Spread
by J. Peter Ferderer & Stephen C. Vogt & Ravi Chahil
- wp_118 The Rhetoric of Policy Relevance in International Economics
by William Milberg
- wp_117 Chief Executive Compensation and Corporate Groups in Japan: New Evidence from Micro Data
by Takao Kato
- wp_116 The Regulation and Supervision of Bank Holding Companies: A Historical Perspective
by Ronnie J. Phillips
- wp_115 The Economic Consequences of Weintraub's Consumption Coefficient
by Douglas Mair & Anthony J. Laramie & Jan Toporowski
- wp_114 Banking in Transition
by George E. French
- wp_113 Lines of Credit and Relationship Lending in Small Firm Finance
by Allen N. Berger & Gregory E. Udell
- wp_112 Business Strategies: Bank Commercial Lending vs. Finance Company Lending
by Donald G. Simonson
- wp_111 Banking Industry Consolidation: Changes and Implications for the Future
by Daniel E. Nolle
- wp_110 Banking Industry Consolidation: Efficiency Issues
by Robert DeYoung & Gary Whalen
- wp_109 The Incidence of Corporate Profits Tax Revisited: A Post Keynesian Approach
by Anthony J. Laramie
- wp_108 Community-based Factoring Companies and Small Business Lending
by Dimitri B. Papadimitriou & Ronnie J. Phillips & L. Randall Wray
- wp_107 Economic Inactivity of Young Adults: An Intergenerational Analysis
by Robert Haveman & Barbara Wolfe
- wp_106 The Role of Consistent Implementation of Policy: An Assessment of the Section 502 Low-income Homeownership Program
by George W. McCarthy Jr. & Roberto G. Quercia & Gabor Bognar
- wp_105 The Collapse of Low-skill Male Earnings in the 1980s: Skill Mismatch or Shifting Wage Norms?
by David R. Howell
- wp_104 The Anatomy of Changing Male Earnings Inequality: An Empirical Exploration of Determinants
by Robert Haveman & Lawrence Buron
- wp_103 Business Tax Incentives and Investments
by Thomas Karier
- wp_102 Credibility of the Interwar Gold Standard, Uncertainty, and the Great Depression
by J. Peter Ferderer
1993