Research At SCEPA
Economic Growth, Income Distribution & Climate Change
WORKING PAPER | This paper explores how climate damage affects the long-run evolution of the economy.
Demand Drives Growth All The Way
WORKING PAPER | How does effective demand, productivity growth, income, and wealth distributions influence and constrain the economy?
The Natural Interest Rate and Secular Stagnation
WORKING PAPER | This paper reviews literature and theory on macroeconomics' use of the "natural" interest rate.
Mainstream Economics, Capital Theory, and Distributions of Income and Wealth
WORKING PAPER | The Cambridge UK vs USA capital theory debates of the 1960s showed that the workhorse mainstream growth model relies on unsustainable assumptions.
Wealth Concentration, Income Distribution and Alternatives
WORKING PAPER | Authors use demand-driven models of economic growth and inequality to conclude US household wealth concentration is not likely to decline in response to fiscal interventions alone.
Distribution and Growth: Replies to Garbellina and Wirkierman, Harcourt, and Nell
WORKING PAPER | In this paper, the author replies to recent literature on the distribution of financial assets between the top 1% and the the 99% of the population.
TTIP - A Good Deal?
POLICY NOTE | Since mid-2013, the US and EU have been negotiating a so-called free trade agreement, by now labeled “Transatlantic trade and investment partnership” or TTIP in short.
Structuralist Response to Piketty's Capital in the Twenty-First Century
WORKING PAPER | New School Economist Lance Taylor released a symposium of literature on Thomas Piketty’s Capital in the Twenty-First Century in conjunction with the INET-sponsored research project on Economic Sustainability, Distribution and Stability.
The Triumph of the Rentier?
WORKING PAPER | Taylor builds a model of growth and income distribution that shows Piketty's gloomy prediction of an ever greater share of income going to the rich to be far from inevitable.
Wage Increases, Transfers, and the Income Distribution
WORKING PAPER | Authors examine large public financial flows that are both progressive and regressive, and construct tax and transfer programs that could be more beneficial for all.
Greenhouse Gas and Economic Growth
PRESENTATION | Taylor's presentation provides a long-run analysis of economic growth and CO₂ emissions.
U.S. Size Distribution and the Macroeconomy, 1986-2009
WORKING PAPER | The U.S. national income and product accounts are restated in the form of a social accounting matrix or SAM.
An Analysis of Paul Krugman's Macroeconomic Theory
WORKING PAPER | Lance Taylor, SCEPA Faculty Fellow and Economics Professor Emeritus at The New School, analyzes Paul Krugman's "IS/LM" macroeconomic model.
What Policies Will Really Reduce Inequality?
WORKING PAPER | In the United States, there is ongoing debate about how people of different income levels will be affected by policy decisions.
Paul Krugman's "Liquidity Trap"
WORKING PAPER | Paul Krugman proposes a heuristic model to analyze the current macroeconomic situation.
The Social Cost of Carbon Emissions
POLICY NOTE | In principle, the social cost of carbon emissions measures the overall impact of greenhouse gas emissions on societal well-being.
Ecological Macroeconomics
ARTICLE | Ecological economics has not paid sufficient attention to macroeconomic theory and modelling.
Fiscal Deficits, Economic Growth, and Government Debt in the USA
WORKING PAPER | A simple model illustrates interactions between the "primary" fiscal deficit (total deficit minus interest payments), economic growth, and debt.
Growth Cycles, Asset Prices, and Finance
WORKING PAPER | Several Kaleckian models are set out, with illustraions from US macroeconomic data since around 1980.
CGE Applications in Development Economics
WORKING PAPER | This paper begins with an informal history of developing country computable general equilibrium models.