http://www.levy.org/The latest publications from The Levy Economic Institute.(c) 2008 The Levy Economic Institute, All Rights Reserved60http://www.levy.org/vdoc.aspx?docid=1081Wed, 23 Jul 2008 15:42:09 GMTIn order to provide a coherent perspective of gender differences in the world of work, the many intersections of paid and unpaid work must be brought to light. It is well documented that gender-based wage differentials and occupational segregation continue to characterize the division of labor among men and women in paid work; yet unpaidhttp://www.levy.org/vdoc.aspx?docid=1080Wed, 23 Jul 2008 15:31:55 GMTThe process of economic globalization has winners and losers. Iran’s carpet industry provides a good illustration of the adverse side of this process. As the production costs of its rivals have fallen, surging international trade has reduced the market share of Iran's labor-intensive products, especially Persian carpets. http://www.levy.org/vdoc.aspx?docid=1079Tue, 15 Jul 2008 10:24:49 GMThttp://www.levy.org/vdoc.aspx?docid=1078Mon, 14 Jul 2008 15:23:30 GMTThe monetarist counterrevolution and the stagflation period of the 1970s were among the theoretical and practical developments that led to the rejection of fiscal policy as a useful tool for macroeconomic stabilization and full employment determination.  Recent mainstream contributions, however, have begun to reassess fiscal policy http://www.levy.org/vdoc.aspx?docid=1077Thu, 10 Jul 2008 15:50:18 GMTThis paper considers a plan proposed by Warren Buffett, whereby importers would be required to obtain certificates proportional to the amount of non-oil goods (and possibly also services) they brought into the country. These certificates would be granted to firms that exported goods, which could then sell certificates to importinghttp://www.levy.org/vdoc.aspx?docid=1076Wed, 09 Jul 2008 10:21:48 GMTThis paper argues that institutionally rich stock-flow consistent models—that is, models in which economic agents are identified with the main social categories/institutional sectors of actual capitalist economies, the short period behavior of these agents is thoroughly described, and the “period by period” balance sheet http://www.levy.org/vdoc.aspx?docid=1075Thu, 03 Jul 2008 10:42:15 GMTThis paper presents new evidence on the links between public-infrastructure provisioning and time allocation related to the water sector in India. An analysis of time-use data reveals that worsening public infrastructure affects market work, with evident gender differentials. The results also suggest that access to public infrastructurhttp://www.levy.org/vdoc.aspx?docid=1073Thu, 05 Jun 2008 16:10:18 GMT“At the annual banking structure and competition conference of the Federal Reserve Bank of Chicago in May 1987, the buzzword heard in the corridors and used by many of the speakers was ‘that which can be securitized, will be securitized.’” So notes Hyman Minsky in a prescient memo on the nature, and the implications, http://www.levy.org/vdoc.aspx?docid=1071Tue, 27 May 2008 16:13:03 GMTWhat in monetarism, and what in the "new monetary consensus," led to a correct or even remotely relevant anticipation of the extraordinary financial crisis that broke over the housing sector, the banking system, and the world economy in August 2007 and that has continued to preoccupy central bankers ever since? Absolutely nothing, says http://www.levy.org/vdoc.aspx?docid=1067Tue, 20 May 2008 15:25:17 GMTThe late American economist and Distinguished Scholar Hyman P. Minsky first wrote about the inherent instability of financial markets in the late 1950s, and accurately predicted a transformation of the economy that would not become apparent for nearly a generation. In 2007, interest in his work suddenly exploded as the financial press recogniz