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The Freedom Budget at 45: Functional finance and full employment
Forstater, Mathew - 2011
Forty-five years ago, the A. Philip Randolph Institute issued The Freedom Budget, in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be working, and...
Persistent link: https://www.econbiz.de/10010286508
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Desperately seeking revenue
Altshuler, Rosanne; Lim, Katherine; Williams, Roberton - 2011
In August 2009 the Congressional Budget Offi ce warned that the budget was on an unsustainable path. Preventing federal debt from growing faster than the economy over the long-run requires large increases in revenues and/or decreases in spending. We explore, using the Urban-Brookings Tax Policy...
Persistent link: https://www.econbiz.de/10010286959
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Fiscal consolidation in America: The policy options
Altshuler, Rosanne; Bosworth, Barry - 2011
This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government....
Persistent link: https://www.econbiz.de/10010286962
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What should fiscal councils do?
Calmfors, Lars; Wren-Lewis, Simon - 2011
The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...
Persistent link: https://www.econbiz.de/10009011182
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China's exchange rate impasse and the weak U.S. dollar
McKinnon, Ronald; Schnabl, Gunther - 2008
In assessing Alexander Swoboda's great influence on economics, two themes stand out: the determinants of global inflation, particularly in the 1970s, and the choice of an exchange rate regime consistent with domestic monetary and fiscal policies. Although seemingly narrowly focused on China, our...
Persistent link: https://www.econbiz.de/10010304732
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Financialisation and stagnation: A macroeconomic regime perspective
Hein, Eckhard - 2020
high inequality and weak capital stock growth. …
Persistent link: https://www.econbiz.de/10012292734
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Appropriate fiscal policy over the business cycle : proper stimulus policies can work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10008653412
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Did the Fed and ECB react asymmetrically with respect to asset market developments?
Hoffmann, Andreas - 2012
This paper studies the monetary policy of the Federal Reserve (Fed) and the Bundesbank / European Central Bank (ECB) with respect to stock or/and foreign exchange markets from 1979 to 2009. I find that Fed policy changed over time, dependent on the chairman of the Fed. During the Greenspan era...
Persistent link: https://www.econbiz.de/10010308139
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On the Causality Between Saving and Growth: Long- and Short-Run Dynamics and Country Heterogeneity
Andersson, Björn - 1999
growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which …
Persistent link: https://www.econbiz.de/10010321740
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Land inequality and the origin of divergence and overtaking in the growth process: Theory and evidence
Galor, Oded; Moav, Omer; Vollrath, Dietrich - 2003
from an agrarian to an industrial economy generating diverging growth patterns across countries. Land abundance, which was … beneficial in early stages of development, generated in later stages a hurdle for human capital accumulation and economic growth … of industrialization affected the transition to modern growth and has brought about changes in the ranking of countries …
Persistent link: https://www.econbiz.de/10010318867