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Persistent link: https://www.econbiz.de/10014438500
In Europe, and elsewhere, it is critical to recognize that this clean energy investment project will pay for itself in full over time in strictly financial terms - i.e. in addition to its obvious ecological benefits.
Persistent link: https://www.econbiz.de/10012405428
This joint report by CEPR and the Political Economy Research Institute (University of Massachusetts, Amherst) gives an estimate of $177-354 billion in revenue that could be raised by taxing financial transactions in the United States.
Persistent link: https://www.econbiz.de/10008629494
The idea of an exogenous money supply —controlled entirely through central bank interventions— was a fundamental tenet of monetarism and New Classical economics. Post Keynesians have developed an extensive literature arguing that the money supply is in fact endogenous —that market forces...
Persistent link: https://www.econbiz.de/10008919612
The idea of an exogenous money supply —controlled entirely through central bank interventions— was a fundamental tenet of monetarism and New Classical economics. Post Keynesians have developed an extensive literature arguing that the money supply is in fact endogenous —that market forces...
Persistent link: https://www.econbiz.de/10008919614
After the onset of the Great Recession in 2008, commercial banks in the United States began accumulating huge cash reserves in their accounts at the Federal Reserve. By the middle of 2011, reserves had reached $1.6 trillion, more than 10 percent of U.S. GDP, an order of magnitude for commercial...
Persistent link: https://www.econbiz.de/10010691869
This paper examines three sets of major issues regarding the current U.S. government’s fiscal deficit and outstanding debt, tied to the 2009 economic stimulus program, the American Recovery and Reinvest-ment Act (ARRA). First, I consider the claim that high levels of government borrowing...
Persistent link: https://www.econbiz.de/10010691878
Amid the wreckage of the 2008-09 Wall Street collapse and Great Recession, orthodox economists and political elites in both the United States and Western Europe have been strongly pushing the idea that austerity is the only viable policy option. The basis for the austerity hawks' claim is that...
Persistent link: https://www.econbiz.de/10010691884
This paper considers policies for promoting productive investments in the United States, especially as regards the project of building a clean energy economy. The four main policies examined are: 1) Expanding public investments throughout the economy and gaining the crowding-in benefits that...
Persistent link: https://www.econbiz.de/10010691889
Pollin and Heintz examine the factors contributing to the recent run up in gas prices for consumers. They find that to a significant extent, this is the result of the economy moving out of a deep recession, into a recovery, which has increased the demand for gasoline. But a major additional...
Persistent link: https://www.econbiz.de/10010691892