About the cFEPS Archive
The Center for Full Employment and Price Stability was a non-partisan, non-profit policy institute at the University of Missouri in Kansas City, MO dedicated to promoting research and public discussion of issues related to macroeconomic and monetary policy, especially employment and budgetary policy. In an effort to incorporate research into policy, the Center sponsored interdisciplinary research, organized symposia, conferences, and lectures, and participated in community programs. Pavlina R. Tcherneva (Director, EDI), served as associate director of CFEPS from 1999 - 2005.
Working Papers
WP 1 - Fifteen Fatal Fallacies of Financial Fundamentalism - William Vickrey
WP 2 - We Need a Bigger 'Deficit' - William Vickery
WP 3 - Public Service Employment - L. Randall Wray
WP 4 - Can Penal Keynesianism Replace Military Keynesianism - L. Randall Wray
WP 5 - Financial Aspects of the Social Security Problem - Stephanie Bell (Kelton) and L. Randall Wray
WP 6 - Economic Development in the UN - Jan Kregel
WP 7 - The Full Employment Approach to Reducing Black Poverty and Unemployment in the United States - Mathew Forstater
WP 8 - Causes and Cures for Unemployment - Stephanie Bell (Kelton)
WP 9 - The Employer of Last Resort Approach to Full Employment - L. Randall Wray
WP 10 - The Neo-Chartalist Approach to Money - L. Randall Wray
WP 11 - Social Security, Long-Term Financing and Reform - L. Randall Wray
WP 12 - Money and Inflation - L. Randall Wray
WP 13 - Full Employment and Environmental Sustainability - Mathew Forstater
WP 14 - Full Employment Policies Must Consider Effective Demand and Structural Technological Change - Mathew Forstater
WP 15 - Life-Sustaining, Life-Enhancing Employment - Mathew Forstater
WP 16 - Unemployment in Capitalist Economics - Mathew Forstater
WP 17 - The Endogenous Money Approach - L. Randall Wray
WP 18 - An Institutionalist Post Keynesian Methodology of Economic Policy with an Application to Full Employment - Mathew Forstater
WP 19 - Financial Instability - L. Randall Wray
WP 20 - Unemployment - Mathew Forstater
WP 21 - Monetary Policy - An Institutional Approach - L. Randall Wray
WP 22 - A Monetary and Fiscal Framework for Economic Stability - L. Randall Wray
WP 23 - Is Euroland the Next Argentina? - L. Randall Wray
WP 24 - Convergence Going In, Divergence Coming Out - Stephanie Bell (Kelton)
WP 25 - Taxation - A Secret of Colonial Capitalist (So-Called) Primitive Accumulation - Mathew Forstater
WP 26 - When Exports Are a Cost and Imports Are a Benefit - Stephanie Bell (Kelton) and John Henry
WP 27 - Further Simulations of an Employer of Last Resort - Scott Fullwiler
WP 28 - Currency Sovereignty and the Possibility of Full Employment - L. Randall Wray
WP 29 - Job or Income Guarantee - Pavlina R. Tcherneva
WP 30 - When Are Interest Rates Exogenous - L. Randall Wray
WP 31 - International Aspects of Current Monetary Policy - L. Randall Wray
WP 32 - The Credit Money and State Money Approaches - L. Randall Wray
WP 33 - Using Minsky to Analyze the Impact of International Development Finance on International Financial Stability - Jan Kregel
WP 34 - Setting Interest Rates in the Modern Money Era - Scott Fullwiler
WP 35 - Tax-Driven Money - Mat Forstater
WP 36 - Globalization and Disarticulation - Daniel Kostzer
WP 37 - The Natural Rate of Interest is Zero - Warren Mosler and Mat Forstater
WP 38 - Paying Interest on Reserve Balances - Scott Fullwiler
WP 39 - Full Employment Through Job Guarantee - William Mitchell and L. Randall Wray
WP 40 Entitled to Nothing - Stephanie Bell (Kelton)
WP 41 - Employer of Last Resort Program - A Case Study of Argentina's Jefes de Hogar Program - Pavlina R. Tcherneva and L. Randall Wray
WP 42 - Can Basic Income and Job Guarantees Deliver on Their Promises - Pavlina R. Tcherneva and L. Randall Wray
WP 43 - Is Argentina's Job Creation Project Jefes de Hogar a True Employer of Last Resort Program - Pavlina R. Tcherneva and L. Randall Wray
WP 44 - Macroeconomic Stabilization Through an Employer of Last Resort - Scott Fullwiler
WP 45 - Money - An Alternative Story - Eric Tymoigne and L. Randall Wray
WP 46 - The Nature, Origins, and Role of Money - Pavlina R. Tcherneva
WP 47 - Behind Closed Doors - Stephanie Bell (Kelton)
WP 48 - Flexible Exchange Rates, Fed Behavior, and Demand Constrained Growth in the USA - L. Randall Wray
WP 49 The Economic Viability of Universal Guarantees in Sovereign Currency Nations - Pavlina R. Tcherneva
WP 50 - Gender and the Job Guarantee - Pavlina R. Tcherneva and L. Randall Wray
WP 51 - Understanding Policy in a Floating Rate Regime - L. Randall Wray
WP 52 - Lerner, Abba Ptachyq (1903-1982) - Mathew Forstater
WP 53 - Interest Rates and Fiscal Sustainability - Scott Fullwiler
WP 54 - Financial Stability, Social Justice, and Public Employment in the Work of Hyman P. Minsky - Dodd
WP 55 - The Origin of Money - Semenova
WP 56 - Employer of Last Resort Policy and Feminist Economics - Zdravka Todorova
Policy Notes
1999
PN 99_01 - Abolish the Surplus - L. Randall Wray
PN 99_02 - Subway Tokens and Social Security - L. Randall Wray
2000
PN 00_01 - Implications of a Budget Surplus at Mid-Year 2000 - L. Randall Wray
PN 00_02 - Public Service Employment Assurance - Mathew Forstater
PN 00_03 - Is the New Economy Responsible for the Clinton Expansion - L. Randall Wray
PN 00_04 - Can Penal Keynesianism Replace Military Keynesianism - L. Randall Wray
PN 00_05 - Large Tax Cuts are Needed to Prevent a Hard Landing - L. Randall Wray
2001
PN 01_01 - Tax Cut Facts - L. Randall Wray and Pavlina R. Tcherneva
PN 01_02 - Financing State and Local Government Infrastructure Investment - L. Randall Wray
PN 01_03 - A Full Employment Program for Hong Kong - Xinhua Liu and L. Randall Wray
2002
PN 02_01 - Downgrading Japan - L. Randall Wray
PN 02_02 - A Monetary and Fiscal Framework for Economic Stability - L. Randall Wray
PN 02_03 - Fisher Effect or Fed's Cola - L. Randall Wray
PN 02_04 - Social Security - Truth or Useful Fictions? - L. Randall Wray
PN 02_05 - The Perfect Fiscal Storm - L. Randall Wray
2003
PN 03_01 - Let's Create a Real Job Czar for the Jobless - L. Randall Wray
2004
PN 04_01 - Red Ink As Far As the Eye Can See - L. Randall Wray
PN 04_02 - Channel Surfing With the Fed - Philip Arestis and Warren Mosler
PN 04_07 - An Interview With the Chairman - Warren Mosler
2005
PN 05_01 - Leakages and Potential Growth - Wray
PN 05_02 - Innocent Frauds in Greenspan_s Latest Testimony - Philip Arestis and Warren Mosler
PN 05_03 - The Federal Reserve - History, Procedures, and Policy - L. Randall Wray
2006
PN 06_01 - Teaching the Fallacy of Composition - The Federal Budget Deficit - L. Randall Wray
Special Reports
2000
SR 00 01 - Petition 2000 - For the Record - Mathew Forstater
SR 00_02 - A Primer on Government Surpluses - L. Randall Wray
SR 00_03 - A Proposal to Implement A Community Service Program at UMKC - L. Randall Wray
SR 00_04 - Palestinian Development Plan - Pavlina R. Tcherneva and Warren Mosler
2001
SR 01_01 - Public Service Job Assurance - A Most Fitting Tribute to Dr. King - Mathew Forstater
SR 01_02 - Community Service Job Assurance for the Prospect Corridor Initiative - Mathew Forstater
SR 01_03 - Financing State and Local Government Infrastructure Investment - L. Randall Wray
SR 01_04 - An Open Letter to the US Congress
2002
SR 02_01 - Bush Economic Forum Gives Little Cause for Cheer - Mathew Forstater and L. Randall Wray
2003
SR 03_01 - Opposition to the Bush Tax Cuts - L. Randall Wray
2004
SR 04_01 - Notes on the Social and Economic Benefits of Job Creation in Kansas City's 3rd District - Mathew Forstater
SR 04 02 - Revisiting the Liberal Agenda - Warren Mosler
2005
SR 05_01 - Social Security - Warren Mosler and Mathew Forstater
SR 05 03 - The Art of Job Creation - Pavlina R. Tcherneva
2007
SR 07 11 - Interview for OIKOS - L. Randall Wray
Seminar Papers
SP 2 - Historicizing Government Work Programs - Nancy E. Rose
SP 3 - Designing Policies to Combat Joblessness - John Harvey
SP 4 - The Missing Entitlement and the Lost Entitlement - Judith Goldberg
SP 5 - The Keynesian Revolution - Has It Reached China - Ingrid Rima
SP 6 - Maintaining Full Employment - Raymond Majewski and Edward J. Nell
SP 7 - Chicago, Keynes and Fiscal Policy - Esteban Pérez Caldentey
SP 8 - Short-Run Stabilization by an Employer of Last Resort - Edward J. Nell
SP 9 - Can the U.S. Economy Escape the Law of Gravity - Gary Dymski
SP 10 - Technical Change, Effective Demand and Employment - Sergio Cesaratto and Antonella Stirati
SP 11 - Strong Currency, Weak Economy - Arturo Huerta
SP 12 - An Alternative View of the Argentine Crisis - Jan Kregel
SP 13 - The Perils of Globalization - Jan Kregel
SP 14 - Classical Economics on Limits to Growth - Khalid Saeed
SP 15 - Primitive Trade Relations - Eric Tymoigne and John Henry
Special Series on Health Care
Ch. 1 - An Introduction to the Health Care Crisis in America - Stephanie Kelton
Ch. 2 - Are Rising Health Care Costs Reducing U.S. Global Competitiveness - Alla Semenova and Stephanie Kelton
Ch. 3 - The Business Sector's Response to Rising Health Care Costs - Alla Semenova and Stephanie Kelton
Ch. 6 - Health Care Reform, Universal Coverage and Financial Basics - Alla Semenova and Stephanie Kelton