Publications

This paper examines the assumptions and projections of computable general equilibrium (CGE) models, which claim the beneficial impact of trade liberalization. It discusses the reasons why developing c...chevron_right

This paper argues that the 1990s were a good decade for corporations and capital holders, evidenced in profit shares at the peak of the business cycle. The author shows that while there was some shift...chevron_right

This publication explores how Argentina's economic collapse in 2000 was the result of its inability to continue to finance its deficits, ultimately affecting the national social security program. The ...chevron_right

This paper argues that as Argentina's economy continues to decline, the IMF and the Bush administration seek to put the blame for Argentina's troubles squarely on Argentine institutions and society. T...chevron_right

This paper examines the argument that the European Central Bank (ECB) must maintain high unemployment rates due to structural features of European economies. It discusses this perspective in the conte...chevron_right

This paper uses the war on terror to help understand the problems facing the social security program in the US. It highlights that in 2001, the US significantly increased its military spending, creati...chevron_right

This publication explores the role of policy failures in Argentina's economic collapse in 2000. The authors argue that the most important mistake was the fixed exchange rate, which tied the Argentine ...chevron_right

This paper looks at the 2001 American recession and finds little evidence that a recovery is imminent. The author argues that with job losses and large debt continuing to check the growth of consumpti...chevron_right

This paper mulls over the inclusion of stock market investments in the US Social Security trust fund portfolio. It points out that there is no way to assess the credibility of proposals to invest Soci...chevron_right

The briefing paper explores the general increase in developing nations' foreign currency reserve holdings and assesses the downsides of this practice. The authors point out that the rise in the ratio ...chevron_right

This paper assesses the projected effects of new trade agreements on economic growth and the living standards of most Americans. It notes that for the vast majority of workers - the three quarters of ...chevron_right

This paper examines the track record of the American economy over the business cycle late 1995 through 2000. It compares the economy's performance in this cycle with prior business cycles and also exa...chevron_right

This paper scrutinizes a much-cited study conducted by WEFA, a consulting firm, on the economic impact of oil drilling in the Arctic National Wildlife Refuge (ANWR) in Alaska. It finds that the study ...chevron_right

The briefing paper provides an approximation of the wealth redistribution that would result from the US government's decision to default on Social Security trust fund bonds. The author argues that sin...chevron_right

This report assesses globalization over the period 1980-2000. It looks at economic and social indicators for all countries for which data are available and compares this period with the previous 20 ye...chevron_right