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University of Massachusetts Amherst

2009

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Articles 271 - 277 of 277

Full-Text Articles in Social and Behavioral Sciences

On The Nature And Causes Of The Collapse Of The Wealth Of Nations, 2007/2008: The End Of A Façade Called Globalization, Erinç Yeldan Jan 2009

On The Nature And Causes Of The Collapse Of The Wealth Of Nations, 2007/2008: The End Of A Façade Called Globalization, Erinç Yeldan

PERI Working Papers

This paper investigates the 2007/2008 crisis which has been hailed as the most devastating (and complex) crisis of capitalism since the great depression of 1929. It further discusses the future trends in global capitalism with special emphasis on the expected future developments that are likely to be experienced in the world economy at large. The main argument of the paper is that the 2007/2008 crisis had not been the end result of a series of technical errors or ad hoc developments that occurred on their own, but should be regarded as the result of the systemic imbalances of capitalism in …

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China And The Latin America Commodities Boom: A Critical Assessment, Kevin P. Gallagher, Roberto Porzecanski Jan 2009

China And The Latin America Commodities Boom: A Critical Assessment, Kevin P. Gallagher, Roberto Porzecanski

PERI Working Papers

In this paper we analyze the extent to which Chinese demand enhanced the performance of Latin American economies in the period of economic boom that took place from the turn of the century until the run up to the financial and economic crisis of 2008-2009. It has been argued that China’s rise has been a blessing for the region because Chinese demand boosted exports and in part caused a hike in commodities prices worldwide. We find that the direct impact on the region’s exports was much smaller than what was touted. What’s more, we find that there were signs that …

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Setting An Agenda For Monetary Reform, Jane D’Arista Jan 2009

Setting An Agenda For Monetary Reform, Jane D’Arista

PERI Working Papers

The role played by monetary policy in creating the conditions that culminated in the current crisis and the failure of the Fed’s efforts to end the credit freeze in 2008 are critical components of the analysis needed as a backdrop for reform. This paper argues that the link between excess liquidity, the buildup in debt, the asset bubbles that debt created and the financial crisis that followed are outcomes of monetary as well as regulatory policy failures; that they reflect a substantial weakening in the Fed’s ability to implement countercyclical initiatives. It argues that the effectiveness of monetary policy can …

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The Potential Revenue From Financial Transactions Taxes, Dean Baker, Robert Pollin, Travis Mcarthur, Matt Sherman Jan 2009

The Potential Revenue From Financial Transactions Taxes, Dean Baker, Robert Pollin, Travis Mcarthur, Matt Sherman

PERI Working Papers

The economic crisis of the last two years has led to serious concerns about the sharp growth in the federal government’s fiscal deficit as well as the government’s overall debt burden as a share of total U.S. GDP. Many analysts also believe that an excessive share of the economy’s resources is being consumed by the financial sector. A financial transactions or trading tax is a policy tool that can address both issues: raising a substantial amount of revenue and reducing the size of financial trading in the U.S. economy relative to the economy’s level of productive activity. This paper calculates …

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Public Policy Options To Build Wealth For America’S Middle Class, Christian E. Weller, Amy Helburn Jan 2009

Public Policy Options To Build Wealth For America’S Middle Class, Christian E. Weller, Amy Helburn

PERI Working Papers

There are three goals for public policy to help families build stable and sustainable wealth. These are greater savings rates, lower costs of building wealth, and less risk exposure. In this chapter, we highlight a few policy examples in each of these categories.

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Securing The Border From Invasives: Robust Inspections Under Severe Uncertainty, L. Joe Moffitt, John K. Stranlund, Craig D. Osteen Jan 2009

Securing The Border From Invasives: Robust Inspections Under Severe Uncertainty, L. Joe Moffitt, John K. Stranlund, Craig D. Osteen

PERI Working Papers

Two important features of agricultural quarantine inspections of shipping containers for invasive species at U.S. ports of entry are the general absence of economic considerations and the severe uncertainty that surrounds invasive species introductions. In this article, we propose and illustrate a method for determining an inspection monitoring protocol that addresses both issues. An inspection monitoring protocol is developed that is robust in maximizing the set of uncertain outcomes over which an economic performance criterion is achieved. The framework is applied to derive an alternative to Agricultural Quarantine Inspection (AQI) for shipments of fruits and vegetables as currently practiced at …

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Vision Of Self-Sufficiency Comes Alive (On Less Than Two Acres!), Madeleine K. Charney Jan 2009

Vision Of Self-Sufficiency Comes Alive (On Less Than Two Acres!), Madeleine K. Charney

University Libraries Publication Series

A Montague, Massachusetts family relishes their traditional homesteading lifestyle.

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