Report April 2005
A new Strategic Analysis by the Levy Institute's Macro-Modeling Team assesses the main sector balances, all of which are now deficits. The private sector, led by personal borrowing, is now running a deficit approaching 2 percent of GDP; although this trend has helped support the economy in the short term, it is unsustainable, given the private sector's existing pile of debt.
New Strategic Analysis
- "How Fragile Is the US Economy?"
New Policy Notes
- "The Case for an Environmentally Sustainable Jobs Program,"
- "Manufacturing a Crisis: The Neocon Attack on Social Security"
- "Levy Institute Measure of Economic Well-Being: How Much Does Public Consumption Matter for Well-Being?"
New Public Policy Briefs
- "The Fed and the New Monetary Consensus: The Case for Rate Hikes, Part Two"
New Working Papers
- "The Transmission Mechanism of Monetary Policy: A Critical Review,"
- "Visions and Scenarios: Heilbroner's Worldly Philosophy, Lowe's Political Economics, and the Methodology of Ecological Economics,"
- "Household Wealth Distribution in Italy in the 1990s,"
- "Measuring Capacity Utilization in OECD Countries: A Cointegration Method,"
- "Occupational and Industrial Mobility in the United States 1969–93,"
- "Determinants of Minority-White Differentials in Child Poverty"
Levy Institute News
- New Research Associate, New Book in Levy Institute Book Series
- Conferences: Economic Imbalance: Fiscal and Monetary Policy for Sustainable Growth; Time Use and Economic Well-Being
Publications and Presentations by Levy Institute Scholars
Recent Levy Institute Publications