Government & Politics
-
Years granted:
2015
Collective and Cumulative Careers: Foundations for Sustainable Prosperity
This research project posits that increasing income concentration and erosion of the middle class are interrelated results of a change in the dominant corporate resource-allocation regime from “retain-and-reinvest” to “downsize-and-distribute,” manifested by massive distributions to shareholders and the disappearance of “collective and cumulative” careers.
-
Years granted:
2015
Central Banks, Crises, and Income Distribution
This research project studies the evolution of monetary policy since the financial crisis, as regards to changes in implementation mechanisms and use of conventional/unconventional instruments of monetary policy, as well as its mpact on macroeconomic variables, including income distribution.
-
Years granted:
2015
Distributional National Accounts
The objective of this proposal is to build distributional statistics of income and wealth consistent with national accounts aggregates for the United States.
-
Years granted:
2015
Financial Innovation and Central Banking in China: a Money View
This research project develops a “Money View” analysis of the recent evolution of China’s financial system.
-
Years granted:
2015
Causal Analysis in Economics: Philosophical Underpinnings and Econometric Tools for Non-Standard Settings
This research project addresses the problem of inferring causal relationships in economics. It investigates the philosophical roots of the problem and develops econometric tools which take into account the complexity of economic systems.
-
Working Paper Series
Beyond Market Failures The Market Creating and Shaping Roles of State Investment Banks
Jan 2015
Recent work has highlighted the need for innovation investments to be understood through a mission oriented approach rather than a market failure one (Foray et al. 2012). However, this work has only focused on state agencies, such as DARPA, overlooking the role of public financial institutions such as state investment banks.
-
Years granted:
2015
Economic Policy and the Performativity of Economic Models: Looking at the Intersection between Theory and Policy
This research project aims at analyzing the role of economic models in economic policy-making. Specifically, we investigate the impact of CGE models, related to the TTIP debate, and potential output models, related to fiscal policy in the EU, on politicial decision-making and public debate.
-
Years granted:
2015
Transport Infrastructure, Long-Run Development, and Policy: Evidence from England and Wales, c.1817 to 2011
This research project will study the long-run interactions between transport infrastructure and economic development using spatially-disaggregated data for England and Wales over the period c.1817—2011. It will look to inform policy toward large investments in physical infrastructures.
-
Years granted:
2015
Income Distribution, Asset Prices, and Aggregate Demand Formation, 1850-2010: A Post-Keynesian Approach to Historical Macroeconomic Data
This research project uses macroeconomic data going back to the mid-19th century to analyze issues such as the relation between income distribution and economic growth; and how debt, asset prices, and growth moved together the last 160 years.
-
Working paper
The New Economics of Religion
Dec 2014
The economics of religion is a relatively new field of research in economics. This survey serves two purposes – it is backward-looking in that it traces the historical and sociological origins of this field, and it is forward-looking in that it examines the insights and research themes that are offered by economists to investigate religion globally in the modern world.
-
Demystifying Modern Monetary Theory
Dec 27, 2014
Bill Mitchell presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.
-
Identifying Weaknesses in the Eurozone
Dec 19, 2014
How should the Eurozone handle unemployment and other immediate hurdles?
-
Working Paper Series
Intra-Financial Lending, Credit, and Capital Formation
Dec 2014
This paper examines the effects of intra-financial lending – claims between financial institutions – on aggregate investment and credit to the non-financial sector in the United States.
-
Lessons from the Great Depression
Dec 5, 2014
How can we better integrate history into economic analysis?
-
Working Paper Series
Long-term trends in intra-financial sector lending in the U.S. 1950 - 2012
Nov 2014
This paper examines the evolution of intra-financial sector lending in the United States, 1950- 2012, presenting estimates constructed from the Federal Reserve’s Flow of Funds Accounts.