Greek Labour Institute Partnership (2011-14)



Three years into the austerity regimen imposed as a condition of Greece's bailout by international lenders, the country's unemployment rate reached an unprecedented 27 percent—the highest in the European Union. Youth unemployment approached 60 percent. More than 1.3 million people were without jobs, and reports suggested that one out of three Greek households was living in poverty. Greece became the epicenter of the worst crisis of capitalism since the interwar depression.
 
The Levy Institute reflects a belief that sound public policy can lead to full employment and sustained growth. In that regard, we partnered 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 provided transitional jobs supporting skills training, capacity building, and entrepreneurship, offering communities an opportunity to actively transform their own social and economic environment. Our partnership with the INE-GSEE included 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.

Project Director

Dimitri B. Papadimitriou
President
Phone: 845-758-7711
Fax: 845-758-1149
[email protected]

We mourn the untimely passing of the Levy Institute's long-serving Research Associate Nilüfer Çagatay, a bright and engaging scholar, a leader in feminist economics, and a very dear friend and collaborator from the very early years of the Institute.

We mourn the untimely passing of the Levy Institute's long-serving Research Associate Nilüfer Çagatay, a bright and engaging scholar, a leader in feminist economics, and a very dear friend and collaborator from the very early years of the Institute.

Read Yeva Nersisyan and L. Randall Wray's latest op-ed on SVB and the Fed


Institute Scholar Yeva Nersisyan's op-ed "Lowering inflation isn't a job for a one-trick pony" featured in The Hill


Senior Scholar Ajit Zacharias discusses how the LIMEW highlights aspects of inequality and wellbeing that are neglected by conventional measures.


Senior Scholar Rania Antonopoulos was invited by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) to speak at a high level panel of the "XV Regional Conference on Women in Latin America and the Caribbean" on the topic of <a href="https://conferenciamujer.cepal.org/15/en#:~:text=The%20Regional%20Conference%20on%20Women,within%20the%20United%20Nations%20system" target="_blank">Financing the Care Economy</a>.

Senior Scholar Rania Antonopoulos was invited by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) to speak at a high level panel of the "XV Regional Conference on Women in Latin America and the Caribbean" on the topic of Financing the Care Economy.

Institute President Dimitri B. Papadimitriou discusses current conditions of the Greek economy and recent Strategic Analysis.


Institute Scholars Yeva Nersisyan and L. Randall Wray's new op-ed featured in The Hill


Levy BLS Grant Featured in Financial Times Op-Ed


New US Consumption Gauge To Include Unpaid Work, Housing