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L. Randall Wray

Working Papers and Books

Employment Policies

Full Employment Abandoned: Shifting Sands and Policy Failures, by William Mitchell and Joan Muysken (Book Review)

The Social and Economic Importance of Full Employment

Macroeconomic Stability, Affordability and Manageability of Employer of Last Resort Programmes

In Defense of Employer of Last Resort: a response to Malcolm Sawyer

How to Implement True, Full Employment

Job guarantee

The Employer of Last Resort Program: Could it work for developing countries?

Minsky’s Approach to Employment Policy and Poverty

Gender and the Job Guarantee: The Impact of Argentina's Jefes Program on Female Heads of Poor Households (with Pavlina Tcherneva)

Can Basic Income and Job Guarantees Deliver on Their Promises? (with Pavlina Tcherneva)

Is Jefes De Hogar an Employer of Last Resort Program? An Assessment of Argentina's Ability to Deliver the Promise of Full Employment and Price Stability (with Pavlina Tcherneva)

Employer of Last Resort Program: A Case Study of Argentina's Jefes de Hogar Program (with Pavlina Tcherneva)

 

Money, Finance, Banking, Instability, Minsky

The Financial Crisis Viewed Through the Theory of Social Costs

Money in Finance, in the Elgar Handbook of Critical Issues: editors Toporowski and Michell

Minsky Crisis

Global Financial Crisis

Financial Keynesianism and Market Instability

A Minskian Road to Financial Reform

Can Basel II Enhance Financial Stability?

Banking, Finance, and Money: a Socio-economics Approach”

Implicit Risks of The Implementation of Basel II Agreement: Interview with Randall Wray (English)

Implicit Risks of The Implementation of Basel II Agreement: Interview with Randall Wray (Portuguese)

Money manager capitalism and the global financial crisis

 

Money and Monetary Policy

Modern Money Theory: A Response to Critics (with Scott Fullwiler and Stephanie Kelton)

Keynes and Money as Public Monopoly

Money and Inflation

Review of Coins, Bodies, Games, and Gold, by Leslie Kurke

"Keynes's Approach to Money: What can be recovered?"

Keynes's Approach To Money: An Assessment After 70 Years

A Teoria do dinheiro de Keynes: uma avaliacao apos 70 anos

The Credit Money, State Money, And Endogenous Money Approaches: A Survey And Attempted Integration

Money: An Alternative Story

Veblen's Theory of Business Enterprise and Keynes's Monetary Theory of Production

The Great Crash of 2007 Viewed through the Perspective of Veblen's Theory of the Business Enterprise, Keynes's Monetary Theory of Production and Minsky's Financial Instability Hypothesis

Endogenous Money

A Post-Keynesian View of Central Bank Independence, Policy Targets, and the Rules-versus-Discretion Debate

Feast or Famine: Savings, Gluts and Liquidity Shortages

An Alternative View of Finance, Saving, Deficits and Liquidity

Flexible Exchange Rates, FED Behavior, And Demand Constrained Growth In The USA

International Aspects of Current Monetary Policy

When Are Interest Rates Exogenous?

 

Government Deficits and Debt, Fiscal Policy

Social Security, Long-term Financing and Reform

Entendiendo la Política Económica en un Régimen Cambiario de Libre Flotación

Understanding Policy in a Floating Rate Regime

Currency Sovereignty And Policy Independence: The Case of Argentina

Global Demographic Trends And Provisioning For The Future

Demand Constraints, Secular Stagnation, And Big Government: The Contributions of Harold G. Vatter

Twin Deficits And Sustainability

Global Demographic Trends and Provisioning for the Future

The Continuing Legacy of John Maynard Keynes

Fixed and Flexible Exchange Rates and Currency Sovereignty

Demand Constraints and Big Government

The April AMT Shock

 

TPM Cafe Book Club discussion of Paul Krugman's "The Return of Depression Economics".

      - Can We Afford Big Government

      - Why Did We Have a Golden Age?

      - Stability is Destabilizing

      - Policy Advice for President Obama (part I)

      - Policy Advice for President Obama (part II)

Other

Dismal State of Macroeconomics and the Opportunity for a New Beginning