Economics Commons^™

Simulating Jobs Created By The New York Universal Child Care Act, Brandon Istenes

Theses - Graduate Programs in Economic Theory and Policy

The Universal Child Care Act recently proposed in the New York State Senate would begin the creation of a universal child care system in New York State. This would involve a large scale-up of child care service supply, precipitating a large increase in employment in the child care sector, while increasing wages for jobs in that sector. Who will benefit from these new jobs and wages? We use the Levy Institute Micro Model (LIMM) to simulate the distribution of these new jobs and wages to the population of New York State. Two econometric contributions are made to the LIMM which …

A Narrowing Of The Effects Of The Expanded Child Tax Credit, Julia Ricciarelli

Theses - Graduate Programs in Economic Theory and Policy

In response to the COVID-19 pandemic, President Biden under the American Rescue Plan Act of 2021 expanded the child tax credit. The temporary expansion increased the amount families would receive for each child, made the credit accessible to lower-income families, and paid out the credit in monthly installments. Throughout this paper, a review of the child tax credit’s history, former eligibility and impacts will be compared to that of the extended policy in 2021. Most importantly, the paper will delve into various groups that received the child tax credit in 2021. Specifically, the effects will be reviewed in terms of …

A Job Guarantee Proposal For Chile, Julius Duran Norasco Ms

Theses - Graduate Programs in Economic Theory and Policy

The Chilean development model have not been able to generate employment for the most impoverished groups. Moreover, Chile is vulnerable to climate change. Therefore, this thesis examines through a heterodox economic lens a Job Guarantee Program for Chile can serve as alternative to promote social inclusion and sustainable development. Using input-output model, the Job Guarantee Program has higher employment creation potential. It can generate 196 jobs per billion pesos, of which 185 are direct jobs and 11 are indirect jobs. There is no economic sector (e.g., construction, services, mining, etc.) with that potential for job creation. Large work programs are …

The Road That Never Existed: Orientalist Myth Making Within The Historiography Of The Silk Road, Margaret Kathryn Curtin

History - Master of Arts in Teaching

I. Synthesis Essay………………………………....4

II. Primary Documents and Headnotes………....28

III. Textbook Critique……………………………...40

IV. New Textbook Entry………………………......45

V. Bibliography…………………………………....48

Heilbroner Note, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Handwritten cover note on Heilbroner letter scanning instructions. Shaikh, A. 2023. [Unpublished manuscript]. Department of Economics, The New School for Social Research.
• Amherst copy and designworks receipt jacket with handwritten notes. Shaikh, A. 2023. [Unpublished manuscript]. Department of Economics, The New School for Social Research.
• Personal correspondence to Anwar Shaikh. Heilbroner, R. L. 1987. [Unpublished manuscript]. New York.
• Enhanced scan copy of personal correspondence to Anwar Shaikh. Heilbroner, R. L. 1987. [Unpublished manuscript]. New York.

Loose Pamphlets, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• The global financial system after the meltdown. Friedrich Ebert Stiftung, & Ralph Bunche Institute for International Studies. 2009. New York. [Unpublished conference materials].
• Stability with growth: macroeconomics, liberalization and development. Ocampo, J. A., Stiglitz, J. E., Spiegel, S., Ffrench-Davis, R., & Nayyar, D. 2006. Oxford University Press.
• The predator state: how conservatives abandoned the free market and why liberals should too. Galbraith, J. K. 2008. Free Press.
• Balancing acts: technology, finance and the American future. Galbraith, J. K. 1989. Basic Books.
• Created unequal: the crisis in American pay. Galbraith, J. K. 1998. …

When Minsky And Godley Met The Dependentistas: The Currency Hierarchy In A Stock-Flow Consistent Model, Nitin Nair Ms

Theses - Graduate Programs in Economic Theory and Policy

Underdevelopment often is conceived as being reproduced domestically. This thesis emphasizes the international forces that enable the persistence of underdevelopment. The first part of this thesis lays out a liquidity approach to underdevelopment which suggests that failure to create capacity arises from the asymmetries of international financial relationships. The second part of this thesis investigates a specific financial asymmetry, the currency hierarchy. We point out that the uncovered interest rate parity and the divergence from it are necessary conditions for the emergence of the currency hierarchy. Using ratios from the balance sheet of the currency issuer, we propose a quantification …

Marx's Last Theorem, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2012). Wicksell effect is monotonic. Unpublished manuscript.
• Shaikh, A. (2012). Ratio of complex numbers. Unpublished manuscript.
• Shaikh, A. (2016). Classical theory of price-matrix algebra. Unpublished manuscript.
• Shaikh, A. (2017). Zambelli - one curve was.... Unpublished manuscript.
• Shaikh, A. (2015). Fitting a curve to the observed values and relation of fitted curve to corresponding probability distributions. Unpublished manuscript.
• Shaikh, A. (2020). Empirical distribution function of eigenvalues = edf. Unpublished manuscript.
• Shaikh, A. (2015). Eigenvalue distribution & means. Unpublished manuscript.
• Shaikh, A. (2015). Weibull & eigenvalue distribution. Unpublished manuscript. …

Loose Notes And Interview Questions, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Pamphlet for First international seminar: the global crisis and the myths of free trade, Universidad Nacional Mayor de San Marcos, May 13–15, unpublished work.
• Interview questions for Professor Anwar Shaikh, Nick Anderson, October 30, 2023, unpublished work.
• Handwritten notes on deck glass cost, Anwar Shaikh, undated, unpublished work.
• Handwritten notes on New School for Social Research interview, Anwar Shaikh, undated, unpublished work.
• Handwritten research notes titled Munshuma, Anwar Shaikh, June 18, 2020, unpublished work.
• Handwritten notes on advanced microeconomics consumer theory, Anwar Shaikh, undated, unpublished work.
• Handwritten notes on central banking …

New School Economic Journal Roundtable, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• New School Economic Review Editorial Board. 2023, December 1. Roundtable discussion questions for Duncan Foley, Anwar Shaikh, Isabella Weber, and Jonathan Cogliano, with handwritten annotations by Anwar Shaikh, PhD. Unpublished correspondence. New York.
• The Editorial Board. 2023. Introduction to the special issue honoring Duncan Foley, Anwar Shaikh, and the New School political economy tradition. New School Economic Review, volume 12. New York: New School for Social Research, Department of Economics.
• Ramachandran, Madhav Tipu. 2023. An interview with Sanjay Reddy. New School Economic Review, volume 12. New York: New School for Social Research, Department of Economics.
• Blanc, …

Gender Inequalities In The Allocation Of Time To Household Production In Nepal, Nischal Dhungel

Theses - Graduate Programs in Economic Theory and Policy

The thesis examines factors that may explain gender (working age group, married men and women, 15-60 years) inequalities in the allocation of time to household production in Nepal. Gender disparities in the allocation of unpaid care and domestic labor (home production) are a major and prevalent element of inequalities between men and women. I presume that each spouse's time spent is influenced by personal and household factors. Furthermore, I argue that state can play substantial role in pursuing province level employment program (Karnali Province) in line with federal level employment program, namely Job Guarantee to uplift women's economic empowerment by …

The Effect Of The Smccf Announcement And Purchase On Eligible Transportation Sector Bonds, Bethuel-Ange Yebouet

Theses - Graduate Programs in Economic Theory and Policy

Covid highlighted the financial vulnerability of both small and large businesses in the U.S economy. In response, the Federal Reserve announced the creation of the secondary market corporate credit facilities (SMCCF) on March 23, 2020, with the aim of providing liquidity to US firms through bond financing. The goal was to build a portfolio of bonds that attempted to achieve a wide, diversified market index of US corporate bonds. When looking at the composition of the SMCCF broad market index and percentage (%) of par value from the federal reserve bank of New York, firms from the transportation sector received …

Passive-Aggressive Intervention: The Impact Of Mandated Paid Parental Leave On Childcare Labor, Justin Fiume

Theses - Graduate Programs in Economic Theory and Policy

Gender inequality is one of the few fundamentally persistent inequalities within society, especially in the United States. This thesis will use a Marxist-feminist approach to explore the impact of the United States’ capitalist market economy on gender-specific public and private life structures. Specifically, how inequality is exacerbated as women transition to motherhood. This paper hypothesizes that a mandated paid parental leave would alleviate some of this ‘second burden’ by encompassing fathers in its eligibility. We formulate a difference-in- difference model to estimate the causal effects of two current states who mandate paid parental leave and evaluate the average treatment effect …

Some Causes, Common Fears, And The Economic Impact Of Immigration From Latin America On The U.S., Joshua Fohner

Theses - Graduate Programs in Economic Theory and Policy

Recently there has been a sharp increase in the promotion of anti-immigration rhetoric and sentiments driven by former President Trump and conservative lawmakers in Washington. These attitudes have led some members of the public to adopt various beliefs of immigrants that are negative or poorly understood. The focus of this paper will be primarily on people from Mexico and other Latin American nations, as people from this part of the world have been

primarily the target of these beliefs. This paper will first analyze some of the social and political reasons why people choose to emigrate from their home countries. …

Parallel State Currency: A Mechanism To Expand Sovereignty For Countries With Foreign Debt And Trade Deficits, Angelica Huerta Ojeda

Theses - Graduate Programs in Economic Theory and Policy

Some countries, due to historical events, are within a creditor-debtor relationship and are unable to make full use of their currency. Debtor countries tend to not be fully sovereign -are either dependent on food, energy, or technology- which results in them being reliant on capital inflows. Foreign debt and lack of sovereignty feed each other into a debt trap and create an endless chain of dependency. This essay attempts to explore the possibility that governments with foreign debt and lack of sovereignty, like Mexico, should create another unit of account while keeping the current one. The parallel currency would not …

Term Structure Of Equity: Analysis For The Case Of European Stocks, Sulayman Jaiteh

Theses - Graduate Programs in Economic Theory and Policy

This paper studies the equity term structure and its relevance in pricing Euro- pean stocks, using a duration concept. In explaining the cross-sectional variation

in the duration premium, we made use of cash flow duration in understanding the value premium. Empirically, we measure cash flow duration using balance sheet data and to show if difference in return is a manifestation of value premium. Also relating the time series return to the factor model of Fama and French model which was able to explain the 40% of the cross-sectional variation in return. The term structure of equity shows a downward slope …

A Stock-Flow Consistent Model Of Income Inequality: The Destabilizing Effects Of The German Labor Market On The Emu, Simon Grothe

Theses - Graduate Programs in Economic Theory and Policy

This thesis presents a stock-flow consistent model (SFC) that analyzes the effects of Germany’s wage moderation on other Eurozone economies. It

shows that excessive German saving comes at a cost: the decoupling of pro- ductivity growth and real wage growth for the largest share of the German

workforce relies on internal and external debt. The SFC model presented in this paper is inspired by the recent Eurozone model by Gräbner et al. (2021) that is published as a working paper. Germany’s wage moderation will be

discussed as an example for how income inequality reduces domestic aggre- gate demand but gets …

The Covid-19 Pandemic And Its Effects On The Primary And Secondary Mortgage Markets In The U.S., Jordan Myers

Theses - Graduate Programs in Economic Theory and Policy

In this report, there is a multi-faceted analysis of how the COVID-19 pandemic affected relationships within U.S. mortgage markets. First, the paper looks at the economic conditions that arose after the pandemic hit in March 2020. These conditions included a severe drop in home sales followed by the Fed consistently decreasing the Fed Funds rate. Next, the paper looks at the perspective of the individual homeowner and renter. This section touches on the lacking access to liquidity that individuals had during the pandemic, thus making it hard for them to make mortgage or rent payments. Then, there is an examination …

Cotton: A Historiographical And Instructional Exploration: 1835-2020, Chad Joseph Rosenbloom

History - Master of Arts in Teaching

I.Synthesis Essay……………………………...2

II.Primary Documents and Headnotes……...36

III.Textbook Critique…………………………...45

IV.New Textbook Entry………………………..49

V.Bibliography………………………………….53

Eigenvalues + Shaikh Nassif Coronado Paper, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Eigenvalue distribution, matrix size and the shape of the rank-size eigenvalue moduli curve by Anwar Shaikh, Nassif, and Coronado (unpublished work).
• Shaikh, A. (2010, September 27). Bienenfeld approximation. (Unpublished manuscript note).
• Shaikh, A. (2020, August 8). Sraffa prices & normalization. (Unpublished manuscript note).
• Shaikh, A. (2021, June 15). Marx / Adrian. (Unpublished manuscript note).
• Shaikh, A. (2021, September 13). Economic Systems Research final review correspondence. (Unpublished manuscript note).
• Shaikh, A. (2021, December 27). Do subdominant normalized eigenvalues all approach 1? (Unpublished manuscript note).
• Shaikh, A. (2022, January 9). Greenberger. (Unpublished manuscript note). …

Nssr Racist Poster, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• The New Jew, 2022. Paleolithic or Palestinian? [Poster]. The New School.
• Shaikh, A., 2022. Cambridge MA trip [Handwritten notes]. Anwar Shaikh, PhD.

The Community Reinvestment Act: Reimagined, Jonathan Raefski

Theses - Graduate Programs in Economic Theory and Policy

America has long been considered the land of opportunity. However, the American Dream’s attainability has not been widespread. Instead, wealth continues to be funneled into the hands of the select few. In an effort to combat income inequality and to provide capital reinvestment for historically left behind groups, Congress enacted the Community Reinvestment Act (CRA) in 1977. The idea behind the legislation was to stimulate lending and extend credit to areas that were affected by redlining, classism, or other prejudicial practices that enabled income inequality. This thesis aims to analyze the legislation to understand both the strengths and weaknesses of …

Martin Wolf And Skidelsky, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Martin Wolf and Skidelsky by Anwar Shaikh, PhD, 2022, Unpublished manuscript.

Eigenvalue Ii, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Eigenvalue II by Anwar Shaikh (unpublished work).
• Lahr, M. (2021, September 13). Economic Systems Research final review correspondence. (Unpublished manuscript correspondence).
• Shaikh, A. (2022, June 12). Manuscript revision notes for Economic Systems Research. (Unpublished manuscript note).
• Caldwell, B. (2021, February 16). Biographical statement: Bruce Caldwell. (Unpublished seminar introduction).
• Hamilton, J. R., & Jensen, R. C. (1983). Summary measures of interconnectedness for input-output models. Environment and Planning A, 15(1), 55–65. Pion.
• Shaikh, A. (2021, March 3). From power law to stretched exponential. (Unpublished manuscript note).
• Shaikh, A. (2021, March 2). Eigenvalue paper …

A Job Guarantee Proposal For Austria: Public Policy For Full Employment And The Reduction Of Poverty And Inequality, Daniel Haim Ms

Theses - Graduate Programs in Economic Theory and Policy

The Austrian labor market has experienced high rates of involuntary unemployment for several years, and the COVID-19 pandemic has likely exacerbated the problem. Part-time employment rates, especially high for women, have fed into time-related underemployment. Many people have left the labor force wanting to work. Aside from the short-lived Aktion 20,000 program, labor market policies have been ineffective in addressing these issues. A different, more promising approach is the job guarantee. In a job guarantee, the state acts as an employer-of-last resort, granting everyone willing to work the right to a job at a minimum wage. This thesis argues that …

The Great Recession Vs The Covid-19 Pandemic: Unemployment And Implications For Public Policy, Giuliana Scanni Ms

Theses - Graduate Programs in Economic Theory and Policy

The Great Recession lasted from December 2007 until June 2009 and was one of the most severe recessions since the post-war period. It took about two years from the time of the unraveling of the U.S. housing market and mortgages, until the collapse of Lehman Brothers—as the crisis spread to the rest of the financial sector of the economy.

The Covid-19 Pandemic erupted from a public health crisis at the end of January 2020 and unlike the Great Recession, employment collapsed sharply in a matter of weeks, leaving millions without work by April 2020. The Covid-19 Pandemic has demonstrated an …

Addressing The Homelessness Crisis In The United States Of America, Lukas Klatke Ms

Theses - Graduate Programs in Economic Theory and Policy

Data from the American Housing Survey for 2015, 2017, and 2019 show median incomes and median rent cost as a proportion of median income for Whites, Blacks, Hispanics, and Non – Hispanics at the state and metro level. The data demonstrates Blacks have lower median incomes than Whites, and Hispanics have lower median incomes than Non - Hispanics.

Additionally, the data indicates the median rent cost as a proportion of median income values for Blacks is larger than the values for Whites. The values for Hispanics are larger than the values for Non - Hispanics. These results imply Blacks and …

Measuring The Well-Being Of Economies Beyond Gross Domestic Product, Thien Jason Nguyen Ma

Theses - Graduate Programs in Economic Theory and Policy

The most widely used measurement of economies around the world is the gross domestic product (GDP). There has been much study and reasoning that has gone into the conceptual and statistical bases of this indicator and there are even international standards for how it should be calculated. The monetary valuation of goods and services has fabricated a relatively manageable way for us to sum up quantities of different nature and for calculating the economic progress of a nation. The GDP indicator is seen as being another way for measuring money in order to present economic performances and living standards, giving …

Transitioning From The Libor, Sid Subramani Ms

Theses - Graduate Programs in Economic Theory and Policy

The focus of this thesis will be on the policy implications surrounding the mandated transition from the London Interbank Offered Rate to Secured Overnight Financing Rate. This discussion will begin by explaining the genesis of the LIBOR in the development of the Eurodollar market. Next, this paper will present the LIBOR manipulation scandal and the effects on the financial system. An analysis of the differences between SOFR and LIBOR will provide the basis of an assessment of the impact of the change on financial institutions. Finally, the effectiveness of the SOFR as a benchmark will be evaluated, along with the …

Matrix Aggregation, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

Matrix aggregation — folder cover sheet bearing introductory handwritten notes and a reading list, an unpublished manuscript by Anwar Shaikh, PhD, dated February 8, 2010.

Shaikh, A. (2010, February 8). Matrix aggregation [Unpublished manuscript].

Notes on N. Pani's seminar, "Volatility of power in India's distance dualism" — an unpublished manuscript by Anwar Shaikh, PhD, dated November 10, 2020.

Shaikh, A. (2020, November 10). Notes on N. Pani's seminar, "Volatility of power in India's distance dualism" [Unpublished manuscript].

Disaggregation: Working notes — an unpublished manuscript by Anwar Shaikh, PhD, dated 2021.

Shaikh, A. (2021). Disaggregation: Working notes [Unpublished …