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| Pavlina R. Tcherneva |
| Assistant Professor, Franklin and Marshall College |
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| Welcome ! |
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| Pavlina R. Tcherneva, Ph.D., is an Assistant Professor of Economics at Franklin and Marshall College. |
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| Tcherneva specializes in the fields of monetary theory, fiscal policy, macroeconomic stabilization, and the economics of gender. She has previously taught at Bard College and the University of Missouri–Kansas City (UMKC) and has conducted research at the University of Cambridge Centre for Economic and Public Policy, the Levy Economics Institute, and the Center for Full Employment and Price Stability. |
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| Obama's Job Creation Promise |
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Policy Note 2009/1, The Levy Economics Institute
Job creation is once again at the forefront of policy action, and for advocates of pro-employment policies, President Obama’s Keynesian bent is a most welcome change. However, there are concerns that Obama’s plan simply does not go far enough, and that a large-scale public investment program may face shortages of skilled labor, put upward pressure on wages, and leave women and minorities behind. |
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| Keynes's Approach to Full Employment |
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| This paper argues that John Maynard Keynes had a targeted (as contrasted with aggregate) demand approach to full employment. Modern policies, which aim to “close the demand gap,” are inconsistent with the Keynesian approach for theoretical, methodological, and purely practical reasons. |
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| Research Areas |
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| Current research interests include the nature of government finance, Keynesian fiscal policy, and the effects of pro-employment policies on gender outcomes and urban development. |
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Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey (2004) collects Nobel Laureate Vickrey's articles on macroeconomic theory and policy written towards the end of his career. This volume demonstrates his enduring commitment to full employment and price stability, and his rejection of conventional macroeconomic theorizing. Vickrey never lost hope that sensible macroeconomic policy could be understood and implemented, a faith inspired by his humanistic vision of a better world for all and his belief that common sense would ultimately prevail. Advocating sensible economic policies, this collection will be of interest to professional economists, graduate students, and policy makers alike. |
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"This collection of Vickrey's writings is primarily concerned with macro policy issues, and thus includes some of his lesser-known work. It is a collection that Bill would have wanted to get out to the public because he felt that a solid macro policy was necessary to create a foundation of equity and efficiency before one can even start talking about micro policy."
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- From the preface by David Colander, Middlebury College, US
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| Teaching Interests |
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| Selection of course taught at Franklin and Marshall College, Bard College and the University of Missouri-Kansas City. |
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Macroeconomic Stability |
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National Economic Policy |
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Introduction to Economic Perspectives |
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Monetary Economics |
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Women and the Economy |
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Money and Banking |
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Economics of Poverty |
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Intermediate Macro |
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