Working Papers
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Working Paper Series
Mass Incarceration Retards Racial Integration
Apr 2021
Formerly incarcerated Black people emerge from prison with far less education and social skills than white ex-cons. And they have great trouble forming families or earning a good living.
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Working Paper Series
Lessons for the Age of Consequences: COVID-19 and the Macroeconomy
Mar 2021
Mortality and economic data show how constraints to government spending and a skepticism of redistributive policies have made the pandemic far worse
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Working Paper Series
Cordon of Conformity: Why DSGE models Are Not the Future of Macroeconomics
Mar 2021
The New Keynesian Dynamic Stochastic General Equilibrium (DSGE) is a straightjacket for macroeconomics
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Working Paper Series
Masking Real Unemployment: The Overall and Racial Impact of Survey Non-Response on Measured Labor Market Outcomes
Mar 2021
A large and growing percentage of households are missed in the monthly Current Population Survey (CPS).
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Working Paper Series
The Erroneous Foundations of Law and Economics
Feb 2021
Conservative legal theory is based on a shoddy definition of what constitutes “efficiency”
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Working Paper Series
Artificial Intelligence, Globalization, and Strategies for Economic Development
Feb 2021
Labor-saving advances in AI may undo the gains from globalization and pose new challenges for economic development
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Working Paper Series
Inflation? It’s Import Prices and the Labor Share!
Jan 2021
Recognizing that inflation of the value of output and its costs of production must be equal, we focus on a cost-based macroeconomic structuralist approach in contrast to micro-oriented monetarist analysis.
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Working Paper Series
Local David Versus Global Goliath: Populist Parties and the Decline of Progressive Politics in Italy
Jan 2021
This paper analyzes the role of local spending, particularly on social welfare, and local inequality as factors in the Italian political crisis following the adoption in 2011 of more radical national austerity measures.
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Working Paper Series
Employment Mobility and the Belated Emergence of the Black Middle Class
Jan 2021
“Build back” means restoring the government and business investments in the productive capabilities of the U.S. labor force that created a growing middle class in the three decades after World War II
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Working Paper Series
The Future of the Automotive Industry: Dangerous Challenges or New Life for a Saturated Market?
Dec 2020
How electric and self-driving cars could change the industry
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Working Paper Series
Carbon Pricing and the Elasticity of CO2 Emissions
Nov 2020
Carbon pricing still has the potential to be a powerful tool contributing to emissions reductions, but it is clearly no panacea.
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Working Paper Series
Predicting United States Policy Outcomes with Random Forests
Nov 2020
In this paper we analyze the Gilens dataset using the complementary tools of Random Forest classifiers (RFs), from Machine Learning.
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Working Paper Series
Shadow Lobbyists
Oct 2020
Unregistered lobbyists, including former members of Congress, are a key resource for lobbying firms
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Working Paper Series
Unemployment and Income Distribution: Some Extensions of Shaikh’s Analysis
Sep 2020
Our findings confirm the existence of a negative relationship between labor market slack and the wage share, and we find no tendency to return to a ‘normal’ unemployment rate associated with a stable wage share.
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Working Paper Series
Masters of Illusion: Bank and Regulatory Accounting for Losses in Distressed Banks
Sep 2020
The study seeks to explain why the instruments of central banking inevitably break down over time.