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Bernard Schwartz

SCEPA
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Tel. (212) 229-5901 x4911
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Just Out!

New SCEPA Policy Notes:

How to Solve the U.S. Housing Problem and Avoid a Recession: A Revived HOLC and RTC
Paul Davidson
Download (130 KB)

Productivity and Unemployment in the Short and Long Run
Armon Rezai and Willi Semmler

Download (116 KB)

Publications

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Books

Policy Notes

Working Papers

Publications By Author

 

Books
 
2007

Shaikh, Anwar (ed., 2007)   Globalization and the Myths of Free Trade: History, Theory and Empirical Evidence, New York: Routledge.

The world has become a human laboratory for the momentous social experiment called neoliberalism. Its proclaimed purpose is to reduce global poverty, its protocols are derived from the orthodox theory of competitive free markets and its policies are enforced by the full weight of the rich countries and global institutions such as the World Trade Organization (WTO), the World Bank and the International Monetary Fund (IMF). This book is a critical examination of this ongoing enterprise, of its history, theory, practice, and most of all, of its outcomes.

An international team of contributors has been assembled including Lance Taylor, Ha-Joon Chang and Ajit Singh.

 

2006

Willi Semmler and Gang Gong (2006). Stochastic Dynamic Macroeconomics: Theory and Empirical Evidence, New York: Oxford University Press.

This is a book on stochastic dynamic macroeconomics from a Keynesian perspective. It shows that including Keynesian features in intertemporal models considerably contributes to resolve major puzzles arising in the context of the Dynamic General Equilibrium (DGE) model. It also demonstrates that including microeconomic intertemporal behavior of economic agents in macroeconomics is not inconsistent with Keynesian economics. more...

Taylor, Lance (ed., 2006) External Liberalization In Asia, Post-Socialist Europe, and Brazil, New York: Oxford University Press.

This volume is about the experiences of 14 countries with external liberalization and related policies, based on papers written by national authors following a common methodology. The focus is on transition and Asian economies, with Brazil as an illuminating comparator. The authors provide "thick descriptions" à la Geertz's (1973) famous Balinese cockfight about how diverse economies responded to rather similar "reform" packages and offer lessons about ongoing institutional change. They also suggest policy shifts that may help make economic performance better in the future than it has been in the past.
more...

Glyn, Andrew (2006) Capitalism Unleashed, Oxford University Press.

Free enterprise is off the leash and chasing new opportunities for profit making across the globe. After a turbulent century of unprecedented social and technological change, Capitalism has emerged as the dominant ideology and model for economic growth in the richest, most developed countries. But only thirty years ago economic growth was faltering, inflation rising and the Left were arguing for greater state intervention in industry. How did this remarkable transformation happen? And what price have we paid in the process? This accessible and persuasive book challenges the notion of our capitalist destiny. more...


2005


Howell, David R. [editor] (2005) Fighting Unemployment: The Limits of Free Market Orthodoxy, Oxford University Press

With much of Europe plagued by high levels of unemployment, it became the conventional wisdom in the 1990s that the "American Model" of deregulated labor markets and a slimmed down welfare state was a necessary condition for good employment performance. Fighting Unemployment offers a critical assessment of this free market orthodoxy. more

 

Semmler, Willi, Greiner, A., and Zhang, W. (2005) Monetary and Fiscal Policies in the Euro-Area, Elsevier Science.

The emergence of a new macro economy in the Euro-area is a great challenge for academics and policy makers alike. This book focuses on this macro economy and the monetary and fiscal policy responses. As the new environment has evolved over time, private behaviour as well as policy responses have changed. Policy makers as well as private agents had to learn the new environment. more...


Willi Semmler, Alfred Greiner, and Gang Gong (2005) The Forces of Economic Growth, Princeton University Press.

In economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growth and how can public policy enhance them? This book examines major forces of growth--including spillover effects and externalities, education and formation of human capital, knowledge creation through deliberate research efforts, and public infrastructure investment. Unique in emphasizing the importance of different forces for particular stages of development, it offers wide-ranging policy implications in the process. more...


Semmler, Willi (2005) Monetary Policy and Unemployment, London: Routledge

This book pulls together papers presented at a conference in honour of the 1981 Nobel Prize Winner for Economic Science, the late James Tobin. Among the contributors are Olivier Blanchard, Edmund Phelps, Charles Goodhart and Marco Buti. more.
  


2004

Taylor, Lance (2004) Reconstructing Macroeconomics: Structuralist Proposals and Critiques of the Mainstream, Cambridge MA: Harvard University Press

Macroeconomics is in disarray. No one approach is dominant, and an increasing divide between theory and empirics is evident.

This book presents both a critique of mainstream macroeconomics from a structuralist perspective and an exposition of modern structuralist approaches. The fundamental assumption of structuralism is that it is impossible to understand a macroeconomy without understanding its major institutions and distributive relationships across productive sectors and social groups.
more...


Milberg, William [ed.] (2004) Labour and the Globalization of Production: Causes and Consequences of Industrial Upgrading, New York: Palgrave Macmillan.

Labour and the Globalization of Production brings together the work of international economists, labour economists and sociologists in a far-reaching study of global production networks and the challenges they pose for the workers of developing countries. more.
  

 

View the Books Archive


Policy Notes

How to Solve the U.S. Housing Problem and Avoid a Recession: A Revived HOLC and RTC
Paul Davidson
January 2008

The Stagnation of Male Wages.
Jeff G. Madrick and Nikolaos Papanikolaou
December 2007
(See also Stagnation of Male Wages: Data Appendix.)

Productivity and Unemployment in the Short and Long Run
Armon Rezai and Willi Semmler
December 2007

The Vast Majority Income (VMI): A New Measure of Global Inequality
Anwar Shaikh and Amr Ragab
November 2007

Give a Man a Fish..." And Foreign Aid
Lance Taylor
May 2007

Projected Benefits of the Doha Round Hinge on Misleading Trade Models
Lance Taylor & Rudiger von Arnim
March 2007

State-Market Relations for a Globalized Economy
Jeff Madrick, William Milberg, and Melissa Mahoney
April 2006

Okun's Law and Jobless Growth
Willi Semmler, Jeff Madrick, and Tarron Khemraj
March 2006

Spurring Growth Dynamics from Services Offshoring
Melissa Mahoney, William Milberg, Markus Schneider, and Rudi von Arnim
February 2006

New Labor Market Indicators Issue 2:
Updated Trends Through the 2nd Quarter of 2005 and Alternative Measures of Low Pay

David R. Howell, Jeff Madrick, Melissa Mahoney, and Mamadou Diallo
January 2006

US Macro Imbalances: Trends, Cycles, and Policy Implications
Nelson H. Barbosa-Filho, Codrina Rada, Lance Taylor, and Luca Zamparelli
December 2005

New Labor Market Indicators Issue I
David R. Howell, Jeff Madrick and Melissa Mahoney
October 2005


Working Papers

CEPA Working Papers are provided in PDF format and can be viewed with the free Adobe Acrobat Reader.

2008

Debunking the Myths of Computable General Equilibrium Models

(SCEPA Working Paper 2008-1)
Author:
Benjamin H. Mitra-Kahn
Date:
March 2008
Download (556 KB)

2007

Exporting Processing Zones, Industrial Upgrading and Economic Development:
A Survey
(SCEPA Working Paper 2007-10)
Author: William Milberg
Date: October 28, 2007
Download (2,510 KB)

Shifting Sources and Uses of Profits: Sustaining U.S. Financialization with Global Value Chains
(SCEPA Working Paper 2007-9)
Author: William Milberg
Date: December 2007
Download (157KB)

Productivity and Unemployment in the Short and Long Run
(SCEPA Working Paper 2007-8)
Authors: Pu Chen, Armon Rezai, and Willi Semmler
Date: September 21, 2007
(Download 789KB)


Short-Run Adjustment in a Global Model of Current Account Imbalances.
(SCEPA Working Paper 2007-7)
Author: Rudiger von Arnim
Date: May 31, 2007
(Download 380KB)

Charting U.S. Economic Performance with Alternative Labor Market Indicators:
The Importance of Accounting for Job Quality
.
(SCEPA Working Paper 2007-6)
Authors: David R. Howell and Mamadou Diallo
Date: June 29, 2007
(Download 443 KB)

Cycles and Trends in U.S. Net Borrowing Flows: Pro-Cyclical Household Net Borrowing, Counter-Cyclical Government, Consumption and the Current Account, and Elusive Twin Deficits
(SCEPA Working Paper 2007-5)
Authors: Nelson H. Barbosa-Filho, Codrina Rada, Lance Taylor, and Luca Zamparelli
Date: April 30, 2007

(Download 193 KB)

Fiscal deficits in the U.S. and Europe: Revisiting the link with interest rates
(SCEPA Working Paper 2007-4)
Author: Andrea Terzi
Date: May 14, 2007
Download (224 KB)

An International Comparison of the Incomes of the Vast Majority
(SCEPA Working Paper 2007-3)
Authors: Anwar Shaikh and Amr Ragab
Date: April 12, 2007
Download (319 KB)

Do Surges in Less-Skilled Immigration Have Important Wage Effects? A Review of the U.S. Evidence (SCEPA Working Paper 2007-2)
Author: David R. Howell
Date: March 5, 2007
Download (102 KB)

A Proposed Synthesis of Classical and Keynesian Growth
(SCEPA Working Paper 2007-1)
Author: Anwar
Shaikh
Date: February 12, 2007
Download (160 KB)

2006

Pricing and Profits Under Globalized Competition: A Post Keynesian Perspective on U.S. Economic Hegemony (SCEPA Working Paper 2006-5)
Author: William Milberg
Date: February 3, 2007
Download (232 KB)

Dynamic Gains from U.S. Services Offshoring: A Critical View
(SCEPA Working Paper 2006-4)
Authors:
William Milberg, Melissa Mahoney, Markus Schneider, and Rudi von Arnim
Date: February 2, 2007.
Download (136 KB)

U.S. Offshoring: Implications for Economic Growth and Income Distribution
(SCEPA Working Paper 2006-3)
Authors: William Milberg and Rudi von Arnim
Date: January 10, 2007.
Download (246 KB)

The New Social Science Imperialism and the Problem
of Knowledge in Contemporary Economics. (SCEPA Working Paper 2006-2)
Authors: William Milberg (New School for Social Research)
Date: February 23, 2007.
Download (131 KB)

Developing and Transition Economies in the Late 20th Century: Diverging Growth Rates, Economic Structures, and Sources of Demand (SCEPA Working Paper 2006-1)
Authors: Codrina Rada and Lance Taylor (New School for Social Research)
Date: June 14, 2006.
Download (345 KB) - Abstract

2004

Financial Accounting Matrix and Transaction Matrices: A Concise Formalism for Describing Financial Stock Dynamics (SCEPA Working Paper 2004-6)
Authors: Egor Kraev
Date: December 1, 2004.
Download (218 KB) - Abstract

Empty Sources of Growth Accounting, and Empirical Replacements à la Kaldor with Some Beef (SCEPA Working Paper 2004-5)
Authors: Codrina Rada and Lance Taylor (New School University)
Date: November 10, 2004. Revised 2006.
Download (141 KB) - Abstract

Unemployment and Labor Market Institutions: The Failure of the Empirical Case for Deregulation (SCEPA Working Paper 2004-4)
Authors: Dean Baker, Andrew Glyn, David Howell, and John Schmitt (New School University)
Date: September, 2004.
Download (255 KB) - Abstract

The Relationship between Credit Expansion, Inactive Balances, and the Capital Stock (SCEPA Working Paper 2004-3)
Author: Christy Huebner Caridi (New School University)
Date: August 10, 2004.
Download (75 KB) - Abstract

Real Exchange Rate, Competitiveness and Policy Implications: a formal analysis of alternative macro models (SCEPA Working Paper 2004-2)
Authors: Massimiliano La Marca (New School University)
Date: May 25, 2004.
Download (884 KB) - Abstract

Turkish Currency Crisis of 2000-1, Revisited (SCEPA Working Paper 2004-1)
Authors: Nazim K. Ekinci (Middle East Technical University) and Korkut Erturk (University of Utah)
Date: January 13, 2004.
Download (108 KB) - Abstract

View the entire list of Working Papers


 

  

 

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