MMT Scholarship

We thought we would present a relatively comprehensive but non-exhaustive list of academic papers and books written by leading MMTers for your reference. Links are included where full read access is available. All links were live as of 9th July 2013. They are ordered by broad topic. Most article citations taken from Google Scholar or provided by authors. Books are linked for easy ordering from Amazon.com.

Think Tanks Publishing MMT Research:

Center for Full Employment and Price Stability (www.cfeps.org)
Jerome Levy Economics Institute (www.levyinstitute.org)
Centre of Full Employment and Equity (http://e1.newcastle.edu.au/coffee/)

Some Pages with Publications by Individual MMT Researchers:

L. Randall Wray
SSRN http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=55043
Levy Institute http://www.levyinstitute.org/publications/?auth=287

Warren Mosler
MoslerEconomics http://moslereconomics.com/mandatory-readings/
EPICoalition http://www.epicoalition.org/papers_current.htm

Stephanie Kelton
SSRN http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=96846
Levy Institute http://www.levyinstitute.org/publications/?auth=362

Mathew Forstater
SSRN http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=57674
Levy Institute http://www.levyinstitute.org/publications/?auth=92

Scott Fullwiler
SSRN http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=444041

Eric Tymoigne
SSRN http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=361251
Levy Institute http://www.levyinstitute.org/publications/?auth=326

Pavlina Tcherneva
SSRN http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=450541
Levy Institute http://www.levyinstitute.org/publications/?auth=431

Jan Kregel
SSRN http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=47062
Levy Institute http://www.levyinstitute.org/publications/?auth=151

Bill Mitchell
CofFEE http://e1.newcastle.edu.au/coffee/publications.cfm

Bill Black
SSRN http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=658251

Books Published by MMTers:

Wray, L. Randall. Modern money theory: A primer on macroeconomics for sovereign monetary systems. Palgrave Macmillan, 2012.

Wray, L. Randall, Theories of Money and Banking Volume 1, Edward Elgar Publising, 2013

Wray, L. Randall. Understanding modern money. Edward Elgar Publishing, 2003.

Wray, L. Randall. Money and credit in capitalist economies: the endogenous money approach. Edward Elgar Publishing, 1990.

Wray, Larry Randall, and Alfred Mitchell Innes, eds. Credit and state theories of money: The contributions of A. Mitchell Innes. Edward Elgar Publishing, 2004.

Mosler, Warren. Soft Currency Economics. 1994

Michael J. Murray and Mathew Forstater (eds.), 2013, The Job Guarantee: Toward True Full Employment, New York: Palgrave Macmillian.

Michael J. Murray and Mathew Forstater (eds.), 2013, Employment Guarantee Schemes: Job Creation and Policy in Developing Countries and Emerging Markets, New York: Palgrave Macmillian.

Eric Tymoigne and L. Randall Wray (2014) The Rise and Fall of Money Manager Capitalism: Hyman P. Minsky’s Half Century. London: Routledge.

Mosler, Warren. Seven Deadly Innocent Frauds of Economic Policy. Davin Patton, 2010.

Kelton, Stephanie. The State, the Market and the Euro: Chartalism versus Metallism in the Theory of Money. Eds. Stephanie A. Bell, and Edward John Nell. Edward Elgar Publishing, 2003.

Black, William, The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry, University of Texas Press, 2005.

Mitchell, William, and Joan Muysken, Full employment abandoned: shifting sands and policy failures, Edward Elgar Publishing, 2008.

Mathew Forstater and Pavlina Tcherneva (eds.) Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey Cheltenham, U.K.: Edward Elgar, 2004.

Edward J. Nell and Mathew Forstater (eds.): Reinventing Functional Finance, Cheltenham, U.K.: Edward Elgar, 2003.

Aaron Warner, Mathew Forstater, and Sumner Rosen (eds.) Commitment to Full Employment, Armonk, N.Y.: M. E. Sharpe, 2000.

Eric Tymoigne Central Banking, Asset Prices and Financial Fragility, London: Routledge, 2009. [I*]

Some Important MMT-Related Papers Published in Journals, as Chapters in Books, and/or as Working Papers and Reports

On MMT itself:

Fullwiler, Scott, Stephanie Kelton, and L. Randall Wray. “Modern Money Theory: A Response to Critics.” Political Economy Research Institute Working Paper 279 (2012).

Fullwiler, Scott. “Modern Monetary Theory-A Primer on the Operational Realities of the Monetary System.” Available at SSRN 1723198 (2010).

Mathew Forstater, “Lerner, Abba Ptachya (1903-1982)” in Ross B. Emmett (ed.), The Biographical Dictionary of American Economists, London: Thoemmes/Continuum, 2006

Tymoigne, Eric and L. Randall Wray “Modern Money Theory 101: A Reply to Critics.” Levy Economics Institute of Bard College WP 778 (2013).

Money:

Bell, Stephanie. “The role of the state and the hierarchy of money.” Cambridge Journal of Economics 25.2 (2001): 149-163.

Bell, Stephanie. “The hierarchy of money.” Levy Economics Institute of Bard College WP 231 (1998).

Wray, L. Randall. “Alternative approaches to money.” Theoretical Inquiries in Law 11.1 (2010): 29-49.

Wray, L. Randall. Introduction to an alternative history of money. Levy Economics Institute of Bard College. WP_717. 2012.

Tcherneva, Pavlina R. “Chartalism and the tax-driven approach to money.” A Handbook of Alternative Monetary Economics 69 (2006).

Tcherneva, Pavlina R. “The Nature, Origins, and Role of Money: Broad and Specific Propositions and Their Implications for Policy.” Center for Full Employment and Price Stability, Kansas City, MO, Working Papers 46 (2005).

Forstater, Mathew. “Taxation and primitive accumulation: the case of colonial Africa.” Research in Political Economy 22 (2005): 51-64.

Wray, L. Randall. “A Meme for Money.” Levy Economics Institute of Bard College Working Papers 736 (2012).

Mathew Forstater, “Tax-Driven Money,” in M. Setterfield, ed., Complexity, Endogenous Money, and Exogenous Interest Rates, Cheltenham, U.K.: Edward Elgar, 2005.

Warren Mosler and Mathew Forstater, “A General Framework for the Analysis of Currencies and Commodities” , in Paul Davidson and Jan Kregel (eds.): Full Employment and Price Stability in the Global Economy, Cheltenham: Edward Elgar, 1999.

Inflation:

The topic of inflation appears in many other works as part of larger discussions. Rather than repeat all of those works here, they have been marked with [I*] elsewhere in this list to denote that they provide significant discussion on inflation. Inflation specific works are listed below.

Papadimitriou, Dimitri and L. Randall Wray. “Targeting Inflation” No. 27. Public Policy Brief at Jerome Levy Economics Institute of Bard College, 1996.

Fullwiler, Scott and Geoffrey Allen, “Can the Fed Target Inflation? Toward and Institutionalist Approach.” Journal of Economic Issues, XLI, No 2 (2007): 485-494.

Job Guarantee/Full Employment:

Mitchell, William, and L. Randall Wray. “In defense of employer of last resort: a response to Malcolm Sawyer.” Journal of Economic Issues 39.1 (2005): 235-244.[I*]

Wray, L. Randall. “The employer of last resort programme: could it work for developing countries?”. International Labour Organization, 2007.

Wray, L. Randall. “Zero unemployment and stable prices.” Journal of Economic Issues 32.2 (1998): 539-545.

Tcherneva, Pavlina, and L. Randall Wray. “Gender and the Job Guarantee: The impact of Argentina’s Jefes program on female heads of poor households.”Kansas City: Center for Full Employment and Price Stability (2005).

Tcherneva, Pavlina, and L. Randall Wray. “Employer of Last Resort: A Case Study of Argentina’s Jefes Program.” Available at SSRN 1010145 (2005).

Tcherneva, Pavlina R. “Permanent on-the-spot job creation—the missing Keynes Plan for full employment and economic transformation.” Review of Social Economy 70.1 (2012): 57-80.

Tcherneva, Pavlina. “Job or income guarantee?.” Centre for Full Employment and Price Stability Working Paper (2003).

Tcherneva, Pavlina R., and L. Randall Wray. “Common Goals-Different Solutions: Can Basic Income and Job Guaranteed Deliver Their Own Problems.”Rutgers JL & Urb. Pol’y 2 (2005): 125.

Tcherneva, Pavlina. “The art of job creation: promises and problems of the Argentinean experience.” Special Report 5.03 (2005).

Tcherneva, Pavlina R., and L. Randall Wray. “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.” C-FEPS Working Paper 43 (2005).

Tcherneva, Pavlina R. Keynes’s approach to full employment: aggregate or targeted demand?. No. 542. Working papers//The Levy Economics Institute, 2008.

Tcherneva, Pavlina R. “The Job Guarantee: Delivering the Benefits That Basic Income Only Promises–A Response to Guy Standing.” Basic Income Studies7.2 (2013): 66-87.

Tchnerva, Pavlina R. “Inflationary and Distributional Effects of Alternative Fiscal Policies: An Augmented Minskyan-Kaleckian Model.” No. 706. Working Papers//The Levy Economics Institute, 2012. [I*]

Fullwiler, Scott. “The Costs and Benefits of a Job Guarantee: Estimates from a Multi-Country Econometric Model.” Available at SSRN 2194960 (2012).

Mitchell, William, and Joan Muysken. “Full employment abandoned: shifting sands and policy failures.” International Journal of Public Policy 5.4 (2010): 295-313.

Mitchell, William F., and Joan Muysken. “The myth of employment enhancing flexible labour markets.” Centre of Full Employment and Equity, University of Newcastle, 2010.

Welters, Riccardo, and William F. Mitchell. “Locked-in casual employment.” Centre of Full Employment and Equity, University of Newcastle, 2009.

Mitchell, William F. “The job guarantee and inflation control.” Economic and Labour Relations Review 12 (2001): 10-25. [I*]

Mitchell, William F. “The buffer stock employment model and the NAIRU: The path to full employment.” Journal of Economic Issues 32.2 (1998): 547-555. [I*]

Mitchell, William F., and Warren B. Mosler. “Fiscal policy and the job guarantee.” Previous issue date: 2004-05-19T10: 21: 54Z (2004).

Allen, Emma, et al. “The job guarantee in practice.” Centre of Full Employment and Equity, University of Newcastle, 2006.

Forstater, Mathew. “Flexible full employment: structural implications of discretionary public sector employment.” Journal of Economic Issues 32.2 (1998): 557-563.

Forstater, Mathew. “Functional finance and full employment: lessons from Lerner for today.” The Jerome Levy Economics Institute Working Paper 272 (1999).

Forstater, Mathew. “Public employment and economic flexibility: The job opportunity approach to full employment.” No. 50. Public policy brief at Jerome Levy Economics Institute of Bard College, 1999.

Forstater, Mathew. “Public employment and environmental sustainability.”Journal of Post Keynesian Economics 25.3 (2003): 385-406.

Scott Fullwiler. 2007. “Macroeconomic Stabilization through an Employer of Last Resort.” Journal of Economic Issues (March). Working Paper version available at SSRN 1722991 [I*]

William Mitchell and Anthea Bill. 2005. “A Spatial Econometric Analysis of the Irreversibility of Long-Term Unemployment in Australia.” Centre of Full Employment and Equity Working Paper no. 05-05.

William Mitchell, Jenny Myers, and James Juniper. 2005. “The Dynamics of Job Creation and Destruction in Australia.” Centre of Full Employment and Equity Working Paper No. 05-13.

William Mitchell. 2013. “Full Employment Abandoned–The Triumph of Ideology Over Evidence.” Centre of Full Employment and Equity Working Paper No. 02-13.

William Mitchell. 2000. “The Job Guarantee and Inflation Control.” Centre of Full Employment and Equity Working Paper No. 00-01. [I*]

William Mitchell and Joan Muysken. 2008. “Full Employment Abandoned–Shifting Sands and Policy Failures.” Centre of Full Employment and Equity Working Paper No. 08-01.

William Mitchell and Joan Muysken. 2007. “Full Employment Does Not Mean Low Unemployment.” Centre of Full Employment and Equity Working Paper No. 07-07.

Victor Quirk, et al. 2006. “The Job Guarantee in Practice.” Centre of Full Employment and Equity Working Paper No. 06-15

Warren Mosler, “Full Employment and Price Stability.” Journal of Post Keynesian Economics, Vol. 20, No. 2, Winter 1997-98

Mathew Forstater, “Reply to Malcolm Sawyer,” Journal of Economic Issues. Vol. 39, No. 1, pp. 245-255, 2005. [I*]

Mathew Forstater, “Jobs and Freedom Now! Functional Finance,Full Employment, and the Freedom Budget”, Review of Black Political Economy, January, 2012.

Mathew Forstater, “From Civil Rights to Economic Security: Bayard Rustin and the African American Struggle for Full Employment, 1945-1978” International Journal of Political Economy, Vol. 36, No. 3, 2007.

Mathew Forstater, “Green Jobs: Public Service Employment and Environmental Sustainability” Challenge Vol. 49, No. 4, pp. 58-72, 2006.

Mathew Forstater, “The Case for an Environmentally Sustainable Jobs Program,” Policy Note 2005/1, The Jerome Levy Economics Institute of Bard College, 2005.

Mathew Forstater and Pavlina Tcherneva, “Introduction” in Mathew Forstater and Pavlina Tcherneva (eds.) Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey,Cheltenham, U.K.: Edward Elgar, 2004. [I*]

Mathew Forstater, “‘Jobs for All’: A Fitting Tribute to the Rev. Dr. Martin Luther King, Jr.,” in D. Menkart, A. D. Murray, and J. L. View (eds.) Putting the Movement Back into Civil Rights Teaching, Washington, D.C.: Teaching for Change and Poverty & Race Research Action Council, 2004.

Mathew Forstater, “Green Jobs: Addressing the Critical Issues Surrounding the Environment, Workplace and Employment,” Int. J. Environment, Workplace and Employment, Vol. 1, No. 1, pp. 53-61, 2004

Mathew Forstater, “Full Employment and Social Justice,” in D. P. Champlin and J. T. Knoedler (eds.) The Institutionalist Tradition in Labor Economics, Armonk, N.Y.: M. E. Sharpe, 2004.

Mathew Forstater, “Functional Finance and Full Employment: Lessons from Lerner for Today,” in E. J. Nell and M. Forstater (eds.): Reinventing Functional Finance, Cheltenham, U.K.: Edward Elgar, 2003.

Mathew Forstater, “Public Employment and Environmental Sustainability,” Journal of Post Keynesian Economics, Vol. 25, No. 3, pp. 385-406, 2003.

Mathew Forstater, “Unemployment,” in The Elgar Companion to Post Keynesian Economics, John King (ed.), Edward Elgar, 2002.

Mathew Forstater, “Full Employment and Environmental Sustainability” in Ellen Carlson and William Mitchell (eds.) The Urgency of Full Employment The Centre for Applied Economic Research, University of New South Wales Press.

Mathew Forstater, “‘Jobs for All’: Another Dream of the Rev. Dr. Martin Luther King, Jr.,” Forum for Social Economics, Vol. 31, No. 2, Spring, 2002.

Mathew Forstater, “Full Employment Policies Must Consider Effective Demand and Structural and Technological Change,” in A Post Keynesian Perspective on Twenty-First Century Economic Problems, Paul Davidson (ed.), Edward Elgar, 2002.

Mathew Forstater, “Savings-Recycling Public Employment: Vickrey’s Assets-Based Approach to Full Employment and Price Stability,” in A. Warner, M. Forstater, and S. Rosen (eds.): Commitment to Full Employment, Armonk, New York: M.E. Sharpe, 2000. [I*]

Mathew Forstater, “Full Employment and Economic Flexibility”in Ellen Carlson and William F. Mitchell (eds.) The Path to Full Employment and Equity Economic and Labour Relations Review, 2000. [I*]

Mathew Forstater, “Savings-Recycling Public Employment: An Assets-Based Approach to Full Employment and Price Stability,” Journal of Post Keynesian Economics, 22, Spring, pp. 437-450, 2000. [I*]

Mathew Forstater, “Robert Eisner’s Common-Sense Commitment to Full Employment and Activist Fiscal Policy,” Journal of Economic Issues, 33, June, 1999.

Mathew Forstater, “Functional Finance and Full Employment: Lessons from Lerner for Today,” Journal of Economic Issues, 33, June, 1999.

Mathew Forstater, “Public Employment and Economic Flexibility,” Policy Brief No. 50, The Jerome Levy Economics Institute of Bard College, February, 1999. [I*]

Mathew Forstater, “Institutionalist Approaches to Full Employment Policies,” Journal of Economic Issues, 32, December, pp. 1135-1139, 1998.

Mathew Forstater, “Flexible Full Employment: Structural Implications of Discretionary Public Sector Employment,” Journal of Economic Issues, 32, June, pp. 557-564, 1998.

Dimitri B. Papadimitriou, L. Randall Wray, and Mathew Forstater, “Toward Full Employment Without Inflation: The Job Opportunity Program,” Report, The Jerome Levy Economics Institute of Bard College, Vol. 8, No. 3, pp. 7-12, 1998. [I*]

Mathew Forstater, “Selective Use of Discretionary Public Employment and Economic Flexibility,” Working Paper No. 218, The Jerome Levy Economics Institute of Bard College, December, 1997.

Inequality:

Tcherneva, “Reorienting Fiscal Policy: A Bottom up Approach”, Journal of Post Keynesian Economics, September, 2014 (forthcoming)

Tcherneva, P. ““The Role of Fiscal Policy: Lessons from Stabilization Efforts in the U.S. During the Great Recession,”International Journal of Political Economy, Spring 2012, 41(2): 5-26.”

Tcherneva, P. “Inflationary and Distributional Effects of Alternative Fiscal Policies: An Augmented Minskian-Kaleckian Model.”, Working Paper #706, Levy Economics Institute, Annandale-on-Hudson, February 2012.

Minsky:

Papadimitriou, Dimitri B., and L. Randall Wray. “The economic contributions of Hyman Minsky: varieties of capitalism and institutional reform.” Review of Political Economy 10.2 (1998): 199-225.

Papadimitriou, Dimitri B., and L. Randall Wray. Minsky’s Analysis of Financial Capitalism. Jerome Levy Economics Institute, Bard College, 1999.

Wray, L. Randall, and Eric Tymoigne. “Macroeconomics meets Hyman P. Minsky: The financial theory of investment.” (2008).

Wray, L. Randall. “Minsky’s approach to employment policy and poverty: employer of last resort and the war on poverty.” (2007).

Eric Tymoigne (2011)“Engineering Pyramid Ponzi Finance: The Evolution of Private Finance from 1970–2008 and Implications for Regulation.” In J. Leclaire, T.-H. Jo, and J. Knodell (eds.) Heterodox Analysis of Financial Crisis and Reform. 2011.

Eric Tymoigne (2010) “Minsky and Economic Policy: ‘Keynesianism’ all over again?” In Papadimitriou, D. and L.R. Wray (eds.), The Elgar Companion to Hyman P. Minsky. Northampton: Edward Elgar.

Eric Tymoigne (2007) “A Hard-Nosed Look at Worsening U.S. Household Finance.” Challenge, 50 (4), July-August 2007: 88-111

Money Manager Capitalism:

Wray, L. Randall. “The rise and fall of money manager capitalism: a Minskian approach.” Cambridge Journal of Economics 33.4 (2009): 807-828.

Minsky, Hyman P., and L. Randall Wray. Securitization. No. 08-2. Levy Economics Institute, The, 2008.

Wray, L. Randall. The commodities market bubble: money manager capitalism and the financialization of commodities. No. 96. Public policy brief//Jerome Levy Economics Institute of Bard College, 2008.

Wray, L. Randall. Money manager capitalism and the global financial crisis. No. 578. Working paper, Levy Economics Institute, 2009.

Wray, L. Randall. “Saving, profits, and speculation in capitalist economies.”Journal of Economic Issues 25.4 (1991): 951-975.

Mitchell, William F. “A Modern Monetary Perspective on the Crisis and a Reform Agenda.” Centre of Full Employment and Equity, University of Newcastle, 2009.

Tymoigne, Éric. “Detecting Ponzi finance: An evolutionary approach to the measure of financial fragility.” (2010).

Social Security/Healthcare:

Bell, Stephanie, and L. Randall Wray. “Financial aspects of the social security” problem”.” Journal of Economic Issues (2000): 357-364.

Kelton, Stephanie. “An Introduction to the Health Care Crisis in America: How Did We Get Here?.” Special Series on Health Care. Kansas City, Mo.: Center for Full Employment and Price Stability. September (2007).

Semenova, Alla, and Stephanie Kelton. “Are Rising Health Care Costs Reducing US Global Competitiveness?” Working paper. Kansas City, Mo.: Center for Full Employment and Price Stability. March, 2008.

Semenova, Alla, and Stephanie Kelton. “The Business Sector’s Response to Rising Health Care Costs: Implications for a Demand-Driven Economy.” Center for Full Employment and Price Stability: University of Missouri-Kansas City, MO(2008).

Semenova, Alla, and Stephanie Kelton. “Health Care Reform, Universal Coverage and Financial “Basics” A Functional Finance Perspective August 2008.” (2008).

Galbraith, James K., L. Randall Wray, and Warren Mosler. “The case against intergenerational accounting: The accounting campaign against social security and Medicare.” No. 98. Public policy brief at Jerome Levy Economics Institute of Bard College, 2009.

William Mitchell and Warren Mosler. 2005. “Essential elements of a modern monetary economy with applications to social security privatisation and the intergenerational debate.” Centre of Full Employment and Equity Working Paper No. 05-01.

William Mitchell and Warren Mosler. 2003. “The Intergenerational Report–Myths and Solutions.” Centre of Full Employment and Equity Working Paper No. 03-10.

Banking/Finance:

Wray, L. Randall. “Lessons from the subprime meltdown.” Challenge 51.2 (2008): 40-68.

Wray, L. Randall. “Commercial banks, the central bank, and endogenous money.” Journal of Post Keynesian Economics 14.3 (1992): 297-310.

Nersisyan, Yeva, and L. Randall Wray. “The global financial crisis and the shift to shadow banking.” No. 587. Working paper, Levy Economics Institute, 2010.

Minsky, Hyman P., et al. “Community development banking: A proposal to establish a nationwide system of community development banks.” No. 3. Public policy brief at Jerome Levy Economics Institute of Bard College, 1993.

Wray, L. Randall. “What do banks do? What should banks do?” No. 612. Working paper, Levy Economics Institute, 2010.

Central Banking:

Bell, Stephanie, and L. Randall Wray. “Fiscal effects on reserves and the independence of the Fed.” Journal of Post Keynesian Economics 25.2 (2003): 263-272.

Bell-Kelton, Stephanie. “Behind closed doors. The political economy of central banking in the United States.” International Journal of Political Economy 35.1 (2006): 5-23.

Wray, L. Randall. “A Post Keynesian view of central bank independence, policy targets, and the rules versus discretion debate.” Journal of Post Keynesian Economics 30.1 (2007): 119-141.

Wray, L. Randall. “The Fed and the New Monetary Consensus: The case for rate hikes, part two.” No. 80. Public policy brief at Jerome Levy Economics Institute of Bard College, 2004.

Tcherneva, Pavlina R. “Bernanke’s paradox: can he reconcile his position on the federal budget with his recent charge to prevent deflation?.” Journal of Post Keynesian Economics 33.3 (2011): 411-434.

Fullwiler, Scott, and L. Randall Wray. “Quantitative easing and proposals for reform of monetary policy operations.” Bard College Levy Economics Institute Working Paper 645 (2010).

Fullwiler, Scott T. “An endogenous money perspective on the post-crisis monetary policy debate.” Review of Keynesian Economics 1.2 (2013): 171-194.

Fullwiler, Scott. “Treasury Debt Operations: An Analysis Integrating Social Fabric Matrix and Social Accounting Matrix Methodologies.” Available at SSRN 1825303 (2011).

Fullwiler, Scott T. “The Social Fabric Matrix Approach to Central Bank Operations: An Application to the Federal Reserve and the Recent Financial Crisis.” Institutional Analysis and Praxis. Springer New York, 2009. 123-169.

Scott Fullwiler. 2008. “Modern Central Bank Operations–The General Principles” Available at SSRN 1658232

Scott Fullwiler. 2005. “Paying Interest on Reserve Balances–It’s More Significant than You Think.” Journal of Economic Issues (June). Working Paper version available at SSRN 1723589

Scott Fullwiler. 2003. “Timeliness and the Fed’s Daily Tactics.” Journal of Economic Issues (December)

Government Spending/Debt/Deficits:

Bell, Stephanie. “Do taxes and bonds finance government spending?.” Journal of Economic Issues (2000): 603-620.

Kelton, Stephanie, and L. Randall Wray. “What a long, strange trip it’s been: Can we muddle through without fiscal policy?.” Post-Keynesian Principles of Economic Policy (2006): 101-119.

Kelton, Stephanie. “Limitations of the government budget constraint: Users vs. issuers of the currency.” Panoeconomicus 58.1 (2011): 57-66.

Wray, L. Randall. “A Keynesian presentation of the relations among government deficits, investment, saving, and growth.” Journal of Economic Issues 23.4 (1989): 977-1002.

Nersisyan, Yeva, and L. Randall Wray. “Does Excessive Sovereign Debt Really Hurt Growth? A Critique of’This Time is Different’, by Reinhart and Rogoff.” A Critique of’This Time is Different’, by Reinhart and Rogoff (June 21, 2010). The Levy Economics Institute Working Paper 603 (2013).

Wray, L. Randall. “Deficits, inflation, and monetary policy.” Journal of Post Keynesian Economics 19.4 (1997): 543-571.

Nersisyan, Yeva, and L. Randall Wray. “Deficit hysteria redux? Why we should stop worrying about US government deficits.” No. 111. Public policy brief at Jerome Levy Economics Institute of Bard College, 2010.

Tcherneva, Pavlina R. “The return of fiscal policy: can the new developments in the new economic consensus be reconciled with the Post-Keynesian view?.”Levy Economics Institute, Working Papers Series (2008).

Fullwiler, Scott. “Functional Finance and the Debt Ratio.” Available at SSRN 2196482 (2012).

Fullwiler, Scott. “What If the Government Just Prints Money?.” Available at SSRN 1731625 (2009).

Fullwiler, Scott. “Helicopter Drops are FISCAL Operations.” Available at SSRN 1725026 (2010).

William Mitchell and Warren Mosler. 2002. “Public Debt Management and Australia’s Macroeconomic Priorities.” Centre of Full Employment and Equity Working Paper no. 02-13.

James Juniper and William Mitchell. 2008. “There Is No Financial Crisis So Deep That It Cannot Be Dealt with by Public Spending.” Centre of Full Employment and Equity Working Paper No. 08-10.

William Mitchell. 2007. “Econometrics, Realism, and Policy in Post Keynesian Economics.” Centre of Full Employment and Equity Working Paper No. 07-02

Mathew Forstater, “Taxation and Primitive Accumulation: The Case of Colonial Africa,” Research in Political Economy, Vol. 22, pp. 51-64, 2005.

Mathew Forstater, “Preface” in E. J. Nell and M. Forstater (eds.): Reinventing Functional Finance, Cheltenham, U.K.: Edward Elgar, 2003.

Mathew Forstater, “Toward a New Instrumental Macroeconomics,” in E. J. Nell and M. Forstater (eds.): Reinventing Functional Finance, Cheltenham, U.K.: Edward Elgar, 2003. [I*]

Mathew Forstater, “Bond Sales,” in Cynthia Northrup (ed.) History of U.S. Economic Policy, 1600s-2000: An Encyclopedia, Vol. 1, p. 30, ABC-Clio, 2003.

Fadhel Kaboub and Mathew Forstater, “Government Budgets,” in Cynthia Northrup (ed.) History of U.S. Economic Policy, 1600s-2000: An Encyclopedia, Vol. 1, p. 134, ABC-Clio, 2003.

Mathew Forstater, “Toward a New Instrumental Macroeconomics: Abba Lerner and Adolph Lowe on Economic Method, Theory, History and Policy,” Working Paper No. 254, The Jerome Levy Economics Institute of Bard College, October 1998. [I*]

Poverty:

Bell, Stephanie A., and L. Randall Wray. “The war on poverty after 40 years: A Minskyan assessment.” No. 78. Public policy brief at Jerome Levy Economics Institute of Bard College, 2004.

Fullwiler, Scott T., and Susan Meyeraan. “Confronting Poverty with Jobs and Job Training: A Northeast Iowa Case Study.” Journal of Economic Issues 44.4 (2010): 1073-1084.

The Euro:

Kelton, Stephanie A., and L. Randall Wray. “Can Euroland Survive?” No. 106. Public policy brief at Jerome Levy Economics Institute of Bard College, 2009.

Pilkington, Philip, and Warren Mosler. “Tax-backed Bonds–A National Solution to the European Debt Crisis.” No. 12-04. Levy Economics Institute, The, 2012.

Wray, L. Randall. “The euro crisis and the job guarantee: A proposal for Ireland.” Levy Economics Institute of Bard College Working Paper 707 (2012).

Mathew Forstater, “The European Economic and Monetary Union: Introduction,” Eastern Economic Journal, 25, April. 1999.

Interest Rates:

Wray, L. Randall. “Alternative theories of the rate of interest.” Cambridge Journal of Economics 16.1 (1992): 69-89.

Wray, L. Randall. “Alternative approaches to money and interest rates.” Journal of Economic Issues 26.4 (1992): 1145-1178.

Wray, L. Randall. “When are interest rates exogenous? Complexity, Endogenous Money and macroeconomic Theory: Essays in Honour of Basil J. Moore”, Cheltenham: Edward Elgar (2006).

Forstater, Mathew, and Warren Mosler. “The natural rate of interest is zero.”Journal of Economic Issues (2005): 535-542.

Scott Fullwiler. 2007. “Interest Rates and Fiscal Sustainability.” Journal of Economic Issues (December). Working Paper version available at SSRN 1722986

Scott Fullwiler. 2006. “Setting Interest Rates in the Modern Money Era.” Journal of Post Keynesian Economics (Spring). Working Paper version available at SSRN 1723591

Economic Geography:

Mitchell, William, and Martin Watts. “Identifying functional regions in Australia using hierarchical aggregation techniques.” Geographical Research 48.1 (2010): 24-41.

Mitchell, William F., and Robert Stimson. “Creating a new geography of functional economic regions to analyse aspects of labour market performance in Australia.” Ed. P. Dalziel. Centre of Full Employment and Equity, University of Newcastle, 2010.