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Stephanie  KeltonStephanie A. Kelton

Stephanie A. Kelton is Associate Professor of Economics at the University of Missouri-Kansas City and Director of Graduate Student Research at the Center for Full Employment and Price Stability. Dr. Kelton has undergraduate degrees in both Business Finance and Economics from California State University, Sacramento (1995). After finishing her undergraduate degrees, she studied at Cambridge University, England, where she completed a M.Phil. in Economics (1997), while on an Rotary Scholarship. She then spent a year at The Jerome Levy Economics Institute of Bard College, in upstate New York, on a fellowship she won through Christ's College, Cambridge. While at the Levy Institute, she wrote a number of papers that became part of her Ph.D. dissertation at the New School for Social Research (April 2001) on Public Policy and Government Finance: A Comparative Analysis Under Different Monetary Systems. Her primary research interests include monetary theory, employment policy, social security, and European monetary integration. Dr. Kelton's research has appeared in journals including Journal of Economic Issue, Cambridge Journal of Economics, and Review of Social Economy.

Selected Publications


Bell, Stephanie. "Financing State and Local Government Infrastructure Investment," with L. Randall Wray, Policy Note, Center for Full Employment and Price Stability, 2001/2.

Bell, Stephanie. "Are Employment Relations Undergoing a Fundamental Change that Threatens the Future of Capitalism? A Critique of Hodgson's View of the Labor Contract," with John F. Henry, Journal of Economic Issues, 35 (June 2001): 335-343.

Bell, Stephanie. "Hospitality vs. Exchange: The Limits of Monetary Economies" with John. F. Henry. Review of Social Economy, 60 (June 2001): 203-220.

Bell, Stephanie. "The Role of the State and the Hierarchy of Money." Cambridge Journal of Economics, 25 (May 2001): 149-163.

Bell, Stephanie. "Do Taxes and Bonds Finance Government Spending?" Journal of Economic Issues, 34 (September 2000): 603-620.

Bell, Stephanie. "Causes and Cures for Unemployment: Assessing the Mainstream View," Working Paper, Center for Full Employment and Price Stability, 2000/7.

Bell, Stephanie. "Financial Aspects of the Social Security 'Problem'," with L. Randall Wray, Journal of Economic Issues, 34 (June 2000): 357-364.

Bell, Stephanie. "Financial Aspects of the Social Security 'Problem'," with L. Randall Wray, Working Paper, Center for Full Employment and Price Stability, 2000/1.

Bell, Stephanie. "Functional Finance: What, Why and How?" Working Paper #287, The Jerome Levy Economics Institute of Bard College, 1999.

Bell, Stephanie. "Can Taxes and Bonds Finance Government Spending: Reserve Accounting and Government Finance." The Third Annual Post-Graduate Economics Conference: Conference Papers, Leeds University Business School (November 1998).

Bell, Stephanie. "Can We Grow Faster?" with L. Randall Wray. Report 8, No. 2. The Jerome Levy Economics Institute of Bard College (May 1998).

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