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The 'War on Poverty' after 40 Years: A Minskyan Assessment

Wray, L. Randall; Bell, Stephanie A. - EconWPA - 2004

Hyman Minsky is best known for his work in the area of financial economics, and especially for his financial instability hypothesis. In recent years, some authors have also recognized his advocacy of the “employer of last resort” as part of his “big government” intervention to help...

Persistent link: https://www.econbiz.de/10005561207

Fractional Reserve Banking as Economic Parasitism: A Scientific, Mathematical & Historical Expose, Critique, and Manifesto

Nuri, Vladimir Z. - EconWPA - 2002

This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...

Persistent link: https://www.econbiz.de/10005126382

Half a World: Regional inequality in five great federations

Milanovic, Branko - EconWPA - 2004

The paper studies regional (spatial) inequality in five most populous countries in the world: China, India, the United … issue of overall inequality as perceived by citizens within a nation. China and India show rising inequality in terms of … vs. Bihar, and Shandong vs. Sichuan provide nice examples of such outcomes in India and China. Higher inflation and …

Persistent link: https://www.econbiz.de/10005556224

Fiscal Policy and Educational Attainment in the United States - A Generational Accounting Perspective

Chojnicki, Xavier; Docquier, Frederic - EconWPA - 2003

In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale and al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...

Persistent link: https://www.econbiz.de/10005076587

The Impact of the Stability and Growth Pact on Real Economic

Savona, Paolo; Viviani, Carlo - EconWPA - 2004

The recession under way in the European Union and the threat of deflation have spawned increasing frequent calls for modification of the Stability and Growth Pact. The present article confirms the negative correlation of the rate of real output growth with that of increase in current public...

Persistent link: https://www.econbiz.de/10005125875

The U.S. Intertemporal Budget Constraint: Restoring Equilibrium Through Increased Revenues or Decreased Spending?

Crowder, William J. - EconWPA - 1997

This paper tests the stability of the U.S. federal intertemporal budget constraint over the postwar period. The implied equilibrium budget path is estimated and used to determine which component of the budget has greater responsibility for the recent intertemporal violations.

Persistent link: https://www.econbiz.de/10005412703

As the People Want It, Blueprint for a New Confederation

Knutsen, John F - EconWPA - 2004

Presents a complete and detailed constitutional framework applying the rational self-interest model and market mechanisms to intra and inter- governmental behaviour and collective decisions. In particular, the paper presents an enabling mechanism for the creation, adjustment and dissolution of...

Persistent link: https://www.econbiz.de/10005076593

The Effects of Congressional Appropriation Committee Membership on the Distribution of Federal Research Funding to Universities

Payne, A Abigail - EconWPA - 2001

This paper examines the impact of congressional representation of a university through district representation or an alma mater affiliation on the distribution of research funding to research and doctoral universities in the United States. Because appropriations are allocated to agencies on an...

Persistent link: https://www.econbiz.de/10005076595

Should Public Capital Be Subsidized or Provided?

Devarajan, Shantayanan; Xie, Danyang; Zou, Heng-Fu - EconWPA - 2002

In an endogenous-growth model, we consider alternative ways of providing public capital using distortionary taxes. We show that if the government provides the good, the resulting growth rate and welfare may or may not be higher than under laissez-faire. By contrast, if the government subsidizes...

Persistent link: https://www.econbiz.de/10005076791

The Birth, Adjustment and Death of States

Hausken, Kjell; Knutsen, John F. - EconWPA - 2002

The article proposes Erection, Adjustment, and Death mechanisms for governmental units, giving autonomy to each citizen as in a direct democracy. Rather than focusing on a narrow model with restrictive and specialized assumptions, and subsequent solutions, as has been common in the literature,...

Persistent link: https://www.econbiz.de/10005125937

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