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"Central Banking in an Era of Quantitative Easing"
Sheng, Andrew - Levy Economics Institute - 2011
) and zero (or near-zero) interest rate policy (ZIRP) to suggest that our analytical frameworks need updating. It also …
Persistent link: https://www.econbiz.de/10009293979
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"Orthodox versus Heterodox (Minskyan) Perspectives of Financial Crises: Explosion in the 1990s versus Implosion in the 2000s"
Munoz, Jesus - Levy Economics Institute - 2011
Orthodox and heterodox theories of financial crises are hereby compared from a theoretical viewpoint, with emphasis on their genesis. The former view (represented by the fourth-generation models of Paul Krugman) reflects the neoclassical vision whereby turbulence is an exception; the latter...
Persistent link: https://www.econbiz.de/10009367419
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"Hierarchy of Ideals in Market Interactions: An Application to the Labor Market"
Charles, Aurelie - Levy Economics Institute - 2013
This paper argues that a hierarchy of ideals exists in market interactions that sets the benchmark on the norm of fairness associated with these interactions, thus affecting pricing decisions associated with market exchange. As norms emerge, an ideal determines the criteria of optimal behavior...
Persistent link: https://www.econbiz.de/10010711904
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"The Levy Institute Measure of Economic Well-Being: Estimates for Canada, 1999 and 2005"
Sharpe, Andrew; Murray, Alexander; Evans, Benjamin; … - Levy Economics Institute - 2011
This report presents estimates of the Levy Institute Measure of Economic Well-Being (LIMEW) for a representative sample of Canadian households in 1999 and 2005. The results indicate that there was only modest growth in the average Canadian household’s total command over economic resources in...
Persistent link: https://www.econbiz.de/10009207517
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"Primary and Secondary Markets"
Kakarot-Handtke, Egmont - Levy Economics Institute - 2012
The analytical starting point determines the course of a theoretical investigation and, ultimately, the productiveness of an approach. The classics took production and accumulation as their point of departure; the neoclassics, exchange. Exchange implies behavioral assumptions and notions like...
Persistent link: https://www.econbiz.de/10010599285
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"Measuring Poverty Using Both Income and Wealth: An Empirical Comparison of Multidimensional Approaches Using Data for the U.S. and Spain"
Azpitarte, Francisco - Levy Economics Institute - 2010
This paper presents a comparative analysis of the approaches to poverty based on income and wealth that have been … proposed in the literature. Two types of approaches are considered: those that look at income and wealth separately when … argue that the higher correlation between income and wealth in the United States contributes to explaining the greater …
Persistent link: https://www.econbiz.de/10008643917