Social and Behavioral Sciences Commons^™

Modern Monetary Theory: Merits, Critiques, And Contemporary Implications, Rebecca Singleton, Thomas Herndon

Honors Thesis

The study of macroeconomics is a diverse field, with conflicting opinions and numerous camps of thought. The election of 2016 brought this to the public attention, as the appointment of Stephanie Kelton as Senator Bernie Sanders’s campaign economic advisor brought Dr. Kelton’s heterodox school of macroeconomic policy to the attention of mass media. In particular, Modern Monetary Theory became a public discussion, particularly in the wake of stimulus spending during the COVID-19 pandemic. Modern Monetary Theory (MMT), a heterodox macroeconomic theory most discussed in far-left and post-Keynesian academic circles, has faced backlash from a centrist mass media. I investigate the …

Progressive Policy, Howard J. Sherman

HOWARD J SHERMAN

Inequality, Boom, And Bust: From Billionaire Capitalism To Equality And Full Employment, Howard J. Sherman, Paul Sherman

HOWARD J SHERMAN

Inequality, Boom, And Bust: From Billionaire Capitalism To Equality And Full Employment, Howard J. Sherman, Paul Sherman

HOWARD J SHERMAN

Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman

Christopher J. O'Leary

Short-time compensation (STC) is an optional program within some state unemployment insurance (UI) systems that allows employers experiencing a temporary reduction in business to lower the average hours of employees in lieu of laying them off. Employer use of the STC option has been low in states with STC programs. We conducted demonstrations in Iowa and Oregon to evaluate the effectiveness of several interventions designed to increase employer awareness and use of STC, including disseminating information about STC to specific employers (members of the “treatment” group) over a 12-month period. The main findings support the hypothesis that lack of awareness …

Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman

All Star

Short-time compensation (STC) is an optional program within some state unemployment insurance (UI) systems that allows employers experiencing a temporary reduction in business to lower the average hours of employees in lieu of laying them off. Employer use of the STC option has been low in states with STC programs. We conducted demonstrations in Iowa and Oregon to evaluate the effectiveness of several interventions designed to increase employer awareness and use of STC, including disseminating information about STC to specific employers (members of the “treatment” group) over a 12-month period. The main findings support the hypothesis that lack of awareness …

Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan N. Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman

External Papers and Reports

Short-time compensation (STC) is an optional program within some state unemployment insurance (UI) systems that allows employers experiencing a temporary reduction in business to lower the average hours of employees in lieu of laying them off. Employer use of the STC option has been low in states with STC programs. We conducted demonstrations in Iowa and Oregon to evaluate the effectiveness of several interventions designed to increase employer awareness and use of STC, including disseminating information about STC to specific employers (members of the “treatment” group) over a 12-month period. The main findings support the hypothesis that lack of awareness …

Full Employment Requires Job Growth In Manufacturing, Reduction In Trade Deficit / Commentary, Susan Houseman, Dean Baker

Susan N. Houseman

No abstract provided.

Economic And Psychological Consequences Of Long-Term Unemployment, Lauren D. Appelbaum

Employment Research Newsletter

No abstract provided.

Reconnecting To Work: Policies To Mitigate Long-Term Unemployment And Its Consequences, Lauren D. Appelbaum Editor

Upjohn Press

The goal of this book is to enable a better understanding of the consequences of long-term unemployment and the policies that are needed to address it. The contributors present research that examines the psychological as well as economic consequences of experiencing a prolonged spell of joblessness. Included are discussions of policies to increase job creation and to get the long-term unemployed back into jobs.

Public Debt And Full Employment In A Stock-Flow Consistent Model Of A Corporate Economy, Soon Ryoo, Peter Skott

Economics Department Working Paper Series

This paper examines the fiscal requirements for continuous full employment. We find that (i) changes in the financial behavior of households and firms require adjustments in tax rates and public debt, (ii) the stability of the steady-state solution for public debt depends on the .fiscal instrument and the household consumption function, (iii) in stable cases, a fall in government consumption (or a decline in another component of autonomous demand) requires an increase in the steady-state ratio of public debt to capital, and (iv) the steady-state tax rate may be positively or negatively related to the level of debt.

Fuller Employment With Less Inflation, Irving Herbert Siegel

Upjohn Press

Ten essays that focus on the tendency toward a combination of inflation and high employment during the 1970s.