Pavlina R. Tcherneva Assistant Professor, Franklin and Marshall College search sitemap Home page Research Teaching Links Bio/CV Fun Welcome ! Pavlina R. Tcherneva, Ph.D., Assistant Professor of Economics at Franklin and Marshall College. I specialize in the fields of monetary theory, fiscal policy, macroeconomic stabilization, and the economics of gender. I have previously taught at Bard College and the University of Missouri–Kansas City and have 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. Dispassionate Data: Two key charts that describe what the U.S. government deficit means for the rest of the economy read more Research Areas Current research interests include: Government finance, Bernanke's monetary policy, monetary theory, the economics of Keynes, direct job creation, and the impact of fiscal policy on gender Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey   This book 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. read more An Introduction to the Modern Money Approach   "Chartalism and the tax-driven approach to money" in P. Arestis and M. Sawyer (eds.), Handbook of Alternative Monetary Economics, Northampton, MA: Edward Elgar, 2006. read more Teaching Interests Teach-ins, graduate and undergraduate courses   Fiscal Sustainability Teach-in, 4/28/10 Hyman Minsky Graduate Summer School Monetary Economics Macroeconomic Stability Women and the Economy Labor Markets and Employment Policy The Economics of Keynes   Latest News New: Bernanke's Paradox   "Bernanke's Paradox: Can he reconcile his position on the federal budget with his recent charge to prevent deflation?", Journal of Post Keynesian Economics, (forthcoming) Bernanke has clearly stated that the U.S. government cannot go bankrupt. This is the basis for his QE1 and QE2 moves. So why is he siding with the deficit hawks? Short Bloomberg radio interview on The Hays Advantage discussing Bernanke's QE2 policies. New: Fiscal Policy Effectiveness: Lessons from the Great Recession   Fiscal policy as is currently practiced is backwards and therefore slow to work. This paper suggests new directions for fiscal policy after the Great Recession. (December 2010; do not quote without author's permission) New: Fiscal Policy: Why Aggregate Demand Management Fails and What to Do About It   The current aggregate demand management approach to fiscal policy has some important advantages but also some crucial drawbacks that merit its reconsideration. (November 2010; do not quote without author's permission) Obama's Job Creation Promise   Policy Note 2009/1, The Levy Economics Institute A modest proposal to guarantee that the President meets and exceeds expectations. Keynes's Approach to Full Employment   What passes for fiscal policy today is not what Keynes had in mind. Economists have missed the key Keynesian message when it comes to full employment. Blog Posts Some of my blog posts.   For more blogs from the Modern Money (MMT) perspective, click on the link below. New: The Debt Ceiling and America’s Stockholm Syndrome Modern Monetary Theory and Mr. Paul Krugman: a way forward Is Bernanke's QE2 an act of desperation? Women want jobs, not handouts. Do not confuse solvency with sustainability! What is responsible fiscal policy? Direct Job Creation-Lessons from Argentina. Think unemployment claims show a glimmer of hope? Think again. Bring the unemployment numbers down now. A message to President Obama: stop priming the pump, hire the unemployed. more blogs         Designed by: Elegant Web Templates