Working Papers

From Political Economy Research Institute, University of Massachusetts at Amherst
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Capital Accumulation and Macro Policy in South Africa: Political Instability, Distributive Conflict, and Economic Institutions

James Heintz

Macroeconomic Impact of Capital Flows in Sub-Saharan Countries, 1980-2008

John Weeks

Decoupling between the Federal Funds Rate and Long-term Interest Rates: Decreasing Effectiveness of Monetary Policy in the U.S

Hasan Cömert

Are No-Ponzi Game and Transversality Conditions Relevant for Public Debt? A Keynesian Appraisal

Karim Azizi, Nicolas Canry, Jean-Bernard Chatelain and Bruno Tinel

Wage-led Growth: Theory, Evidence, Policy

Engelbert Stockhammer and Ozlem Onaran

Primary Distribution, Top Incomes and Inequality in China, 1978-2007

Ricardo Molero Simarro

The Rich get Richer: Neo-liberalism and Soaring Inequality in the United States

Tim Koechlin

The Debt Crisis and the European Central Bank’s Role of Lender of Last Resort

Carlo Panico and Francesco Purificato

Real and Financial Determinants of the Profit Share of Income: The Financial Profit Squeeze

Matthew J. Bezreh and Jonathan P. Goldstein

The Minsky Perspective on Macroprudential Policy

Oguz Esen and Ayla Ogus Binatli

Saving

Robert Pollin

The Rebranding of Capital Controls in an Era of Productive Incoherence

Ilene Grabel

Income Distribution and Aggregate Demand: A Global Post-Keynesian Model

Ozlem Onaran and Giorgos Galanis

Public Debts and Private Assets:Explaining Capital Flight from Sub-Saharan African Countries

Leonce Ndikumana

Post-Crisis Capital Account Regulation in South Korea and South Africa

Brittany Baumann and Kevin Gallagher

Austerity Economics and the Struggle for the Soul of U.S. Capitalism

Robert Pollin

Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogo ff

Thomas Herndon, Michael Ash and Robert Pollin

Demand, Production, and the Determinants of Distribution: A Caveat on “Wage-Led Growth”

Paulo dos Santos

Is Inflation Targeting Operative in an Open Economy Setting?

Esteban Perez Caldentey and Matías Vernengo

Living Wages, Poverty, and Basic Needs: Evidence from Santa Monica, CA

Robert Pollin

The Private Sector as Culprit and Victim of Corruption in Africa

Léonce Ndikumana

Overcoming Low Political Equilibrium in Africa: Institutional Changes for Inclusive Development

Léonce Ndikumana

Financial Market Diversity and Macroeconomic Stability

Christian Weller and Ghazal Zulfiqar

Implicit Asymmetric Exchange Rate Peg under Inflation Targeting Regimes: The Case of Turkey

Ahmet Benlialper and Hasan Cömert

Shadow Banking in China: Institutional Risks

Jianjun Li and Sara Hsu

Enriching the Neo-Kaleckian Growth Model: Nonlinearities, Political Economy, and Financial Factors

Thomas Palley

Agrarian Structures, Urbanization and Inequality

Cem Oyvat

Globalization and Redistribution: Feasible Egalitarianism in a Competitive World

Samuel Bowles

Capacity Utilization, Income Distribution, and the Urban Informal Sector: An Open-Economy Model

Kendall K. Schaefer

Redressing Ecological Poverty Through Participatory Democracy: Case Studies from India

Sunita Narain and Anil Agarwal

The Lighthouse and the Potato: Internalizing the Value of Crop Genetic Diversity

Stephen B. Brush

Two Different Export-Oriented Growth Strategies under a Wage-led Accumulation Regime: à la Turca and à la South Korea

Ozlem Onaran and Engelbert Stockhammer

Employment-Oriented Central Bank Policy in an Integrated World Economy: A Reform Proposal for South Africa

Gerald Epstein

Let Them Eat Risk? Wealth, Rights, and Disaster Vulnerability

James Boyce

An International Index of Child Welfare

Nasrin Dalirazar

Capitalism

Carol E. Heim

Globalization and the Transition to Egalitarian Development

Robert Pollin

Measuring the Impact of Living Wage Laws: A Critical Appraisal of David Neumark's How Living Wage Laws Affect Low-Wage Workers and Low-Income Families

Robert Pollin, Jeannette Wicks-Lim and Mark D. Brenner

The Effects of Increased Product Market Competition and Changes in Financial Markets on the Performance of Nonfinancial Corporations in the Neoliberal Era

James Crotty

Bargaining Power and Foreign Direct Investment in China: Can 1.3 Billion Consumers Tame the Multinationals?

Gerald Epstein and Elissa Braunstein

Global Labor Standards: Their Impact and Implementation

James Heintz

Stock Market Liquidity and Economic Growth: A Critical Appraisal of the Levine/Zervos Model

Robert Pollin, Michael Ash and Andong Zhu

Africa’s Debt: Who Owes Whom?

Leonce Ndikumana and James Boyce

Is Africa a Net Creditor? New Estimates of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-1996

Leonce Ndikumana and James Boyce

Who Lives on the Wrong Side of the Environmental Tracks? Evidence from the EPA's Risk-Screening Environmental Indicators Model

T. Robert Fetter and Michael Ash

Problems of Poverty and Marginalization

Keith Griffin

Inequality and Environmental Protection

James Boyce

International Price-Fixing Cartels and Developing Countries: A Discussion of Effects and Policy Remedies

Lynda Oswald, Valerie Suslow, Margaret Levenstein and Manuel Pastor

A More or Less Unequal World? World Income Distribution in the 20th Century

Bob Sutcliffe

Capital Flows, Capital Account Regimes, and Foreign Exchange Rate Regimes in Africa

Leonce Ndikumana