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Full-Text Articles in Macroeconomics

Blueprint For Financial Reform, Hyman P. Minsky Ph.D. Nov 1993

Blueprint For Financial Reform, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.


Introducing: The Survey Of Professional Forecasters, Dean D. Croushore Nov 1993

Introducing: The Survey Of Professional Forecasters, Dean D. Croushore

Economics Faculty Publications

Forecasts play a crucial role in the economy. Businesses won't hire workers as readily if they think the economy may go into a recession soon. Long-term interest rates will rise if people in the financial markets expect inflation to increase. And firms are less likely to borrow money for new investment spending today if they think interest rates will soon decline.

Forecasts are important for many decisions, but not many people have the knowledge and experience to forecast economic variables well. It makes sense, therefore, for people to rely on the forecasts of experts. One easy way to get ...


The Essential Characteristics Of Post-Keynesian Economics, Hyman P. Minsky Ph.D. Sep 1993

The Essential Characteristics Of Post-Keynesian Economics, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Given here, in addition to the final article, are:

Proofs of the article: Notes; Glossary; an outline; an outline also showing post-it notes; a 1992 version; a version from August 1990 with post-it notes and corrections; the same without the post-it notes, and a l version from 1990 without edits.


Creation Of A Capitalist Financial System, Hyman P. Minsky Ph.D. Aug 1993

Creation Of A Capitalist Financial System, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for the Fifth Szirak Conference, Castle Szirak, Hungary, Aug. 26-29, 1993. “The End of the Soviet Empire and its Influence on the Global Economic and Monetary System." Later published as Chapter 11 in Szabo-Pelsoczi, Miklos, Ed. The Global Monetary System After the Fall of the Soviet Empire. Aldershot, Hants, England: Avebury Ashgate Pub. Ltd., 1995, pp. 153-170.


Financial Integration And National Economic Policy, Hyman P. Minsky Ph.D. May 1993

Financial Integration And National Economic Policy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for an international seminar on financial integration and monetary stability, held in Rome on 11-12 May 1993. Revisions were made on the paper and dated 11 June and 18 June, 1993.


Finance And Stability: The Limits Of Capitalism, Hyman P. Minsky Ph.D. May 1993

Finance And Stability: The Limits Of Capitalism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Working Paper for the Levy Economics Institute. Prepared for the Conference The Structure of Capitalism and the Firm in Contemporary Society, in Milan, 18-20 March 1993. Included are the revised paper from 26 March 1993, and an original draft.


The Economic Problem At The End Of The Second Millenium: Creating Capitalism, Reforming Capitalism, Making Capitalism Work, Hyman P. Minsky Ph.D. Apr 1993

The Economic Problem At The End Of The Second Millenium: Creating Capitalism, Reforming Capitalism, Making Capitalism Work, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Three earlier versions of this paper (with minor differences) are also included. Plus, some handwritten notes by Minsky.


Financial Structure And The Financing Of The Capital Development Of The Economy, Hyman P. Minsky Ph.D. Apr 1993

Financial Structure And The Financing Of The Capital Development Of The Economy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

The Jerome Levy Institute Presents Proposals for Reform of the Financial System. Corpus Christie, Texas.


The Essential Characteristics Of Post-Keynesian Economics, Hyman P. Minsky Ph.D. Apr 1993

The Essential Characteristics Of Post-Keynesian Economics, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Printout of article found on floppy disk in Archives.


Essential, Hyman P. Minsky Ph.D. Apr 1993

Essential, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Fragment, pp. 36-39


“Financing Prosperity In The 21st Century”: Opening Remarks, Hyman P. Minsky Ph.D. Mar 1993

“Financing Prosperity In The 21st Century”: Opening Remarks, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for a conference, "Financing Prosperity in the 21st Century" held at the Levy Economics institute, 4-6 March 1993.


Community Development Banks: An Idea In Search Of Substance, Hyman P. Minsky Ph.D. Mar 1993

Community Development Banks: An Idea In Search Of Substance, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Pages 33-41, Challenge, March/April 1993.


Market Structures And Investment Behavior, Hyman P. Minsky Ph.D. Feb 1993

Market Structures And Investment Behavior, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Final version is the download here, revised on 24 February 1993. This version was a revision of what was prepared for “Employment, Distribution and Markets”, a Jerome Levy Economics Institute Conference dedicated to the memory and work of A. Asimakopulos. The paper was originally dated 24 September 1992, and was considerably rewritten.


March 1933/March 1993, Hyman P. Minsky Ph.D. Feb 1993

March 1933/March 1993, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.


Comment On Ben Bernanke, ‘Credit In The Macroeconomy’, Hyman P. Minsky Ph.D. Feb 1993

Comment On Ben Bernanke, ‘Credit In The Macroeconomy’, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for a colloquium on “The Role of the Credit Crunch in the Recent Recession,” Federal Reserve Bank of New York. Feb. 12, 1993.


Stagnation -- Notes For Bill Clinton, Hyman P. Minsky Ph.D. Jan 1993

Stagnation -- Notes For Bill Clinton, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.


Community Service And Development Banks: A Concept Paper, Hyman P. Minsky Ph.D. Jan 1993

Community Service And Development Banks: A Concept Paper, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Community Service and Development Banks: A Concept Paper. Jan. 12, 1993/Feb. 11, 1993.


Chapters For Modern Money: Preconditions For A Successful Capitalism, Hyman P. Minsky Ph.D. Jan 1993

Chapters For Modern Money: Preconditions For A Successful Capitalism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.


Community Development Banking: A Proposal To Establish A Nationwide System Of Community Development Banks, Hyman P. Minsky Ph.D., Dimitri B. Papadimitriou Ph.D., Ronnie J. Phillips Ph.D, L. Randall Wray Ph. D. Jan 1993

Community Development Banking: A Proposal To Establish A Nationwide System Of Community Development Banks, Hyman P. Minsky Ph.D., Dimitri B. Papadimitriou Ph.D., Ronnie J. Phillips Ph.D, L. Randall Wray Ph. D.

Hyman P. Minsky Archive

Public Policy Brief No. 3, Levy Economics Institute of Bard College.


Macroeconomic Versus Market-Specific Protection: An Intertemporal Optimizing Model Of North-South Trade, Walter Enders Jan 1993

Macroeconomic Versus Market-Specific Protection: An Intertemporal Optimizing Model Of North-South Trade, Walter Enders

GATT Research Papers

If the General Agreement on Trade and Tariffs reduces foreign trade barriers against U.S. farm exports, special interest groups in affected nations will seek other forms of protection. It would not be surprising if some of our trading partners used general macroeconomic policies to promote domestic production. This paper develops a model to demonstrate how the government of an importing nation might reasonably undertake macroeconomic policies designed to thwart imports. Using a two-country, overlapping generations model, the paper analyzes some of the tensions between developed and developing nations regarding intertemporal trade and capital movements. The model is designed so ...


Monetary Policy, Fiscal Deficit, Exchange Rate And U.S. Meat Exports, Donald J. Liu, Pin J. Chung, William H. Meyers Jan 1993

Monetary Policy, Fiscal Deficit, Exchange Rate And U.S. Meat Exports, Donald J. Liu, Pin J. Chung, William H. Meyers

Economic Staff Paper Series

Since the mid-1970s, there has been a fundamental structural change in the way that agricultural economists view the macroeconomic sector. This change began with Schuh, who pointed out the importance of exchange rates on farm prices and argued for the need to examine the agricultural sector in the context of an open world economy. Chambers and Just subsequently developed a structural econometric model for the U.S. crop sector and found significant exchange rate impacts on agricultural exports and prices. Barnett, Bessler, and Thompson constructed a reduced-form vector autoregression (VAR) model and identified a Granger-type causal relationship running from U ...