Recent Research Papers
Neoliberalism’s Bailout Problem
with Robert Pollin | Boston Review, June 2021
Economics and the Left: Interviews with Progressive Economists
Book/Interview, September 2021
The Public Banking Movement in the United States: Networks, Agenda, Initiatives, and Challenges
with Esra Ugurlu | Working Paper, March 2021
How Much Should We Trust Five-Year Averaging to Purge Business Cycle Effects?
with Simon Sturn | January 2021
Are Bankers Essential Workers?
with Esra Ugurlu | Journal Article, September 2020
The Empirical and Institutional Limits of Modern Money Theory
Journal Article, August 2020
The Federal Reserve Public Education Emergency Finance Facility: A Proposal
Policy Brief, May 2020
The Asset Management Industry in the United States
Working Paper, January 2020
The Modern Money Theory Free Lunch Mirage Can Produce Perverse Outcomes
Journal Article, December 2019
Webcast of Macroeconomic Policy Event
Presentation, December 2019
The Institutional, Empirical and Policy Limits of 'Modern Money Theory'
Working Paper, March 2019
The UK's Finance Curse? Costs and Processes
with Andrew Baker, Juan Antonio Montecino | Research Report, Sheffield Political Economy Research Institute (SPERI), October 2018
Do U.S. Workers Gain from U.S. Imperialism?
Essay, April 2018, in The Changing Face of Imperialism (Routledge Press)
On the Social Efficiency of Finance
Journal Article, Development and Change, February 2018
There's Gotta' Be Something Better than "A Better Deal"
CNN, January 2018
Trumponomics: Should We Just Say "No"?
Journal Article, Challenge, February 2017
Overcharged: The High Cost of High Finance
with Juan Antonio Montecino | Published Study, Roosevelt Institute, July 2016
The Political Economy of QE and the Fed: Who Gained, Who Lost and Why Did it End?
with Juan Antonio Montecino | Working Paper, November 2015
Did Quantitative Easing Increase Income Inequality?
with Juan Antonio Montecino | Working Paper, October 2015
Financialization: There's Something Happening Here
Working Paper, August 2015
Banking From Financial Crisis to Dodd-Frank: Five Years On, How Much Has Changed?
with Juan Antonio Montecino | Working Paper, July 2015
Development central banking: A review of issues and experiences
Working Paper, International Labour Office, June 2015
Achieving Coherence Between Macroeconomic and Development Objectives
Working Paper, June 2015
Have Large Scale Asset Purchases Increased Bank Profits?
with Juan Antonio Montecino | Working Paper, December 2014
Restructuring finance to promote productive employment
Journal Article, European Journal of Economics and Economic Policies, October 2014
The Last Refuge of Scoundrels: Keynes-Minsky Perspectives on the Uses and Abuses of the "Liquidity Defense"
with James Crotty | Working Paper, October 2014
The Contested Terrain Approach to the Political Economy of Central Banking
Working Paper, August 2014
Sectoral Net Lending in Six Financial Centers
with Joao Paulo De Souza | Conference Paper, March 2014
How Big is Too Big? What Does Finance Do, and What Should We Do About It?
with Hasan Comert, Joao Paulo De Souza, and Juan Antonio Montecino | Conference Paper, March 2014
Long-term Trends in Intra-Financial Sector Lending in the U.S.: 1950 - 2012
with Juan Antonio Montecino and Iren Levina | Working Paper, March 2014
Intra-Financial Lending, Credit, and Capital Formation
with Juan Antonio Montecino | Working Paper, March 2014
The Endogenous Finance of Global Dollar-Based Financial in the 2000s: A Minskian Approach
with Junji Tokunaga | Working Paper, January 2014
Finance and Growth: The Neglected Role of the Business Cycle
with Simon Sturn | Working Paper, May 2014
Developmental Central Banking: Winning the Future by Updating a Page from the Past
Journal Article, Review of Keynesian Economics, August 2013
How Big Is Too Big? On the Social Efficiency of the Financial Sector in the United States
with James Crotty | Thomas Weisskopf Festschrift Conference Paper, February 2013
SAFER: Stable, Accountable, Fair and Efficient Financial Reform
Policy Brief, July 2013