Greek Labour Institute Partnership
The Levy Institute reflects a belief that sound public policy can lead to full employment and sustained growth. In that regard, we are partnering with the Labour Institute of the General Confederation of Greek Workers (INE-GSEE) to design and implement an emergency employment program for the social economy sector in Greece, along the lines of Hyman Minsky's employer-of-last-resort policy proposal. This pilot program will provide transitional jobs supporting skills training, capacity building, and entrepreneurship, offering communities an opportunity to actively transform their own social and economic environment. Our ongoing partnership with the INE-GSEE includes the development and application of a stock-flow consistent model for simulating the Greek economy, designed along the lines of the US macro model on which the Institute's Strategic Analysis series is based.
Research Project Reports | Οκτώβριος 2012
Ενδιάμεση έκθεσηIn this interim report, we discuss the evolution of major macroeconomic variables for the Greek economy, focusing in particular on the sources of growth before and after the euro era, the causes and consequences of the continuing recession, and the likely results of the policies currently being implemented. Some preliminary suggestions for alternative policies are included. These alternatives will be tested in a more robust econometric framework in a subsequent report.
Research Project Reports | Ιούνιος 2012Δείτε Περισσότερα Δείτε Λιγότερα
Countries in crisis round the world face the daunting task of dealing with abrupt increases in unemployment and associated deepening poverty. Greece, in the face of her sovereign debt crisis, has been hit the hardest. Remediating employment policies, including workweek reductions and employment subsidies, abound but have failed to answer the call satisfactorily. Direct public-service job creation, instead, enables communities to mitigate risks and vulnerabilities that rise especially in turbulent times by actively transforming their own economic and social environment.
With underwriting from the Labour Institute of the Greek General Confederation of Workers, the Levy Economics Institute was instrumental in the design and implementation of a social works program of direct job creation throughout Greece. Two-year projects, funded from European Structural Funds, have begun.
This report traces the economic trends preceding and surrounding the economic crisis in Greece, with particular emphasis on recent labor market trends and emerging gaps in social safety net coverage. While its primary focus is identifying the needs in Greece, broader lessons for direct job creation are highlighted, and could be applied to countries entertaining targeted employment creation as a means to alleviate social strains during crisis periods.Αρχείο:Σχετικό Πρόγραμμα:Πολιτική Απασχόλησης και Αγορές Εργασίας, Η Κατάσταση στην Οικονομία της Ευρωζώνης και στην Οικονομία της ΕλλάδαςΣυγγραφέας/είς:
Minsky Conference: FDIC's Hoenig Gives Keynote on Banking System Reform
Greek Economy to Grow Over 2 Percent in 2017, Papadimitriou Says