Publications

This issue of the Summary features a public policy brief that considers the flaws in the eurozone’s settlement and payment system and a policy note that revisits the fall of Lehman Brothers ten years later.
 
Working papers included in this issue discuss the construction of stock-flow-consistent models that consider the specific features of the economy they are built to examine; investigate the role of social institutions in investment decisions under capitalism; compare Hyman Minsky’s and Lauchlin Curry’s positions on monetary economics; explore the evolution of central bank profits as fiscal revenue; assess the scope, successes, and shortcomings of social programs in Mexico and Argentina; and evaluate the impact of gender budgeting on gender equality and fiscal spending in Asia Pacific countries.
 
INSTITUTE RESEARCH
Program: The State of the US and World Economies

• GENNARO ZEZZA and FRANCESCO ZEZZA, On the Design of Empirical Stock-Flow-Consistent Models

 
Program: Monetary Policy and Financial Structure

• JAN KREGEL, Globalization, Nationalism, and Clearing Systems
• JAN KREGEL, Preventing the Last Crisis: Minsky’s Forgotten Lessons Ten Years after Lehman
• SUNANDA SEN, Investment Decisions under Uncertainty
• IVÁN D. VELASQUEZ, Two Harvard Economists on Monetary Economics: Lauchlin Currie and Hyman Minsky on Financial Systems and Crises
• JÖRG BIBOW, Unconventional Monetary Policies and Central Bank Profits: Seigniorage as Fiscal Revenue in the Aftermath of the Global Financial Crisis

 
Program: Gender Equality and the Economy

• MARTHA TEPEPA, Social Policy in Mexico and Argentina

 
Program: Employment Policy and Labor Markets

• LEKHA S. CHAKRABORTY, MARIAN INGRAMS, and YADAWENDRA SINGH, Macroeconomic Policy Effectiveness and Inequality: Efficacy of Gender Budgeting in Asia Pacific

 
INSTITUTE NEWS

• Levy Berlin
• Minsky Conference
• Minsky Summer Seminar