Conference

29th Annual Hyman P. Minsky Conference on the State of US and World Economies

Prospects and Challenges for the US and Europe in an Emerging Post-Pandemic Recovery

A conference organized by the Levy Economics Institute of Bard College

Levy Economics Institute of Bard College
Blithewood
Annandale-on-Hudson, New York 12504

Program

Wednesday, May 5, 2021
9:15–9:30 a.m. Welcome and Introduction
Dimitri Papadimitriou, President, Levy Institute
9:30–10:30 a.m. Speaker
Charles Evans, President and CEO, Federal Reserve Bank of Chicago
MODERATOR: Binyamin Appelbaum, Editorial Board Member, The New York Times
10:30 a.m.–12:00 p.m. Session 1. PROSPECTS FOR REFORMING THE FINANCIAL SYSTEM
MODERATOR: Robert Huebscher, Advisor Perspectives
SPEAKERS: Jan Kregel, Director of Research, Levy Institute
Remarks in PDF
Paolo Savona, Chairman, CONSOB
Remarks in PDF
Charles Goodhart, Emeritus Professor of Banking and Finance, London School of Economics
Remarks in PDF
12:00–1:00 p.m. Speaker
Robert Barbera, Director, J.H.U. Center for Financial Economics; Economics Department Fellow, The Johns Hopkins University
1:00–2:30 p.m. Session 2. WHAT'S AHEAD FOR THE US ECONOMY?
MODERATOR: Michael Stephens, Levy Institute
SPEAKERS: Lakshman Achuthan, Cofounder, Economic Cycle Research Institute
Michalis Nikiforos, Research Scholar, Levy Institute; Professor University of Geneva
Remarks in PDF
Frank Veneroso, President, Veneroso Associates, LLC
2:30–4:00 p.m. Session 3. ECONOMIC POLICY FOR THE NEW ADMINISTRATION
MODERATOR: David Henry, Reporter, Reuters
SPEAKERS: Jason Furman, Aetna Professor of the Practice of Economic Policy, Harvard Kennedy School (HKS) and the Department of Economics at Harvard University
Remarks in PDF
Bruce Greenwald, Professor, Columbia Business School
L. Randall Wray, Senior Scholar, Levy Institute; Professor, Bard College
Remarks in PDF
Thursday, May 6, 2021
10:00–11:00 a.m. Speaker
Robert Kaplan, President and CEO, Federal Reserve Bank of Dallas
MODERATOR: Deborah Solomon, Economics Editor, Washington Bureau, The New York Times
11:00 a.m.–12:30 p.m. Session 4. FINANCIAL GOVERNANCE AND REGULATION
MODERATOR: Peter Coy, Bloomberg
SPEAKERS: Patricia McCoy, Liberty Mutual Insurance Professor, Boston College Law School
Remarks in PDF
Kathryn Judge, Harvey J. Goldschmid Professor of Law, Columbia Law School
Michael Greenberger, Professor, University of Maryland Law School
References in PDF
12:30–2:00 p.m. Session 5. US FINANCIAL MARKET INSTABILITY
MODERATOR: Jeanna Smialek, Economics Reporter, The New York Times
SPEAKERS: Jan Hatzius, Chief Economist, Goldman Sachs
Remarks in PDF
Bruce Kasman, Managing Director and Global Head of Economic Research, J.P. Morgan
James Paulsen, Chief Investment Strategist, The Leuthold Group, LLC
2:00–3:30 p.m. Session 6. WHAT'S AHEAD FOR EUROPE?
MODERATOR: Dimitri Papadimitriou, Levy Institute
Lex Hoogduin, Professor, Groningen University, the Netherlands; Founder, GloComNet
Denis MacShaneFormer Europe Minister, UK; Senior Advisor, Avisa Partners, Brussels
Gennaro Zezza, Research Scholar, Levy Institute; Professor, University of Cassino
Remarks in PDF

Participants

Participant biographies are available here.

Lakshman Achuthan, Cofounder, Economic Cycle Research Institute
 
Binyamin Appelbaum, Editorial Board Member, The New York Times
 
Robert Barbera, Director, J.H.U. Center for Financial Economics; Economics Department Fellow, The Johns Hopkins University
 
Peter Coy, Economics Editor, Bloomberg Businessweek
 
Charles Evans, President and CEO, Federal Reserve Bank of Chicago
 
Jason Furman, Aetna Professor of the Practice of Economic Policy, Harvard Kennedy School (HKS) and the Department of Economics at Harvard University
 
Charles Goodhart, Emeritus Professor of Banking and Finance, London School of Economics
 
Michael Greenberger, University of Maryland School of Law
 
Bruce Greenwald, Columbia Business School
 
Jan Hatzius, Chief Economist, Goldman Sachs
 
David Henry, Reporter, Reuters
 
Lex Hoogduin, Professor, Groningen University, the Netherlands; Founder, GloComNet
 
Robert Huebscher, Advisor Perspectives

Kathryn Judge, Harvey J. Goldschmid Professor of Law, Columbia Law School
 
Robert Kaplan, President and CEO, Federal Reserve Bank of Dallas
 
Bruce Kasman, Managing Director and Global Head of Economic Research, J.P. Morgan
 
Jan Kregel, Director of Research, Levy Institute
 
Denis MacShane, Former Europe Minister (UK); Senior Advisor, Avisa Partners, Brussels
 
Patricia McCoy, Liberty Mutual Insurance Professor, Boston College Law School
 
Michalis Nikiforos, Research Scholar, Levy Institute; University of Geneva
 
Dimitri B. Papadimitriou, President, Levy Institute
 
James Paulsen, Chief Investment Strategist, Leuthold Group
 
Paolo Savona, Chairman, CONSOB
 
Jeanna Smialek, Economics Reporter, The New York Times
 
Deborah Solomon, Economics Editor, Washington Bureau, The New York Times
 
Michael Stephens, Senior Editor, Levy Institute

Frank Veneroso, President, Veneroso Associates
 
L. Randall Wray, Senior Scholar, Levy Institute; Bard College
 
Gennaro Zezza, Research Scholar, Levy Institute; University of Cassino

Preconference Reading

Below are recent Institute publications by Minsky Conference participants

Summary Volume 30, Issue 2 | May 2021

Strategic Analysis | December 2020
What’s Ahead for the Greek Economy?
 
Strategic Analysis | October 2020
When Will Italy Recover?
 
Strategic Analysis | January 2020
Prospects and Challenges for the US Economy: 2020 and Beyond
 
One-Pager No. 66 | April 2021
Anatomy of a Stock Market Bubble
 
Working Paper No. 987 | March 2021
The Souk Al-Manakh: The Anatomy of a Pure Price-Chasing Bubble
 
One-Pager No. 65 | February 2021
COVID Relief and the Inflation Warriors
 
Working Paper No. 985 | February 2021
Has Japan Been Following Modern Money Theory Without Recognizing It? No! And Yes.
 
Public Policy Brief No. 154 | February 2021
Another Bretton Woods Reform Moment: Let Us Look Seriously at the Clearing Union
 
Working Paper No. 982 | January 2021
The Economic Problem: From Barter to Commodity Money to Electronic Money
 
Policy Note 2021/1 | January 2021
Keynes’s Clearing Union Is Alive and Well and Living in Your Mobile Phone
 
Working Paper No. 979 | November 2020
Is It Time to Eliminate Federal Corporate Income Taxes?
 
Policy Note 2020/6 | October 2020
Alternative Macro Policy Response for a Pandemic Recession
 
Working Paper No. 961 | July 2020
The “Kansas City” Approach to Modern Money Theory
 
Public Policy Brief No. 151 | June 2020
Crisis, Austerity, and Fiscal Expenditure in Greece: Recent Experience and Future Prospects in the Post-COVID-19 Era
 
Public Policy Brief No. 150 | June 2020
The Impact of Technological Innovations on Money and Financial Markets
 
Working Paper No. 958 | June 2020
A Stock-Flow Consistent Quarterly Model of the Italian Economy
 
One-Pager No. 63 | April 2020
Are We All MMTers Now? Not so Fast
 
Policy Note 2020/1 | March 2020
When Two Minskyan Processes Meet a Large Shock: The Economic Implications of the Pandemic
 
One-Pager No. 62 | March 2020
The Economic Response to the Coronavirus Pandemic
 
One-Pager No. 61 | March 2020
A Global Slowdown Will Test US Corporate Fragility
 
Public Policy Brief No. 148 | January 2020
Can We Afford the Green New Deal?