Research
Unpublished working papers
POLICY
“The Fallacy of the Revised Bretton Woods Hypothesis: Why Today’s System is Unsustainable and Suggestions for a Replacement” – March 2006
“The Economics of Outsourcing: How Should Policy Respond?” – March 2006
“Thinking Outside the Box About Trade, Development, and Poverty” – January 2006
“China, the Global Economy, and the Contradictions of Export-led Growth”
“Why Inflation Targeting is not Enough: Monetary Policy in the Presence of Financial Exuberance, September 2002.”
“The China Currency Problem: A Reply to Albert Keidel, June 2005.”
THEORY
“Macroeconomics and Monetary Policy: Competing Theoretical Frameworks” February 2007.
“The Economics of Inflation Targeting: Negatively Sloped, Vertical, and Backward-Bending Phillips Curves,” revised October 2006.
“Inflation and Inside Debt: Tobin’s Neo-Keynesian Model,” revised February 2007.
“Keynesian Models of Deflation and Depression Revisited: Inside Debt and Price Flexibility,” revised February 2007.
“Relative Permanent Income and Consumption: A Synthesis of Keynes, Duesenberry, Friedman, and Modigliani and Brumbergh, July 2005.”