Report April 2009

There is broad consensus that the prospects for the domestic economy have become dire, requiring extensive government intervention. In a new Strategic Analysis highlighted in the current issue of the Report, Levy scholars take a more skeptical view of the effectiveness of the policy prescriptions currently on offer—and argue that the global economy must be run in an entirely new way. 

NEW STRATEGIC ANALYSES

• Prospects for the United States and the World: A Crisis that Conventional Remedies Cannot Resolve
• Flow of Funds Figures Show the Largest Drop in Household Borrowing in the Last 40 Years

NEW PUBLIC POLICY BRIEFS

• After the Bust: The Outlook for Macroeconomics and Macroeconomic Policy
• The Case Against Intergenerational Accounting: The Accounting Campaign Against Social Security and Medicare
• The Return of Big Government: Policy Advice to President Obama

NEW POLICY NOTE

• Obama’s Job Creation Promise: A Modest Proposal to Guarantee That He Meets and Exceeds Expectations

NEW LIMEW REPORTS

• Postwar Trends in Economic Well-Being in the United States, 1959–2004
• What Are the Long-Term Trends in Intergroup Economic Disparities?

NEW WORKING PAPERS

• Small Is Beautiful: Evidence of an Inverse Relationship between Farm Size and Yield in Turkey
• Hypothetical Integration in a Social Accounting Matrix and Fixed-price Multiplier Analysis
• Insuring Against Private Capital Flows: Is It Worth the Premium? What Are the Alternatives?
• Macroeconomic Imbalances in the United States and Their Impact on the International Financial System
• Financial Stability: The Significance and Distinctiveness of Islamic Banking in Malaysia
• Long-Term Trends in the Levy Institute Measure of Economic Well-Being (LIMEW), United States, 1959–2004

LEVY INSTITUTE NEWS

• 2008 Economists for Peace and Security Conference
• 18th Annual Hyman P. Minsky Conference

PUBLICATIONS AND PRESENTATIONS

• Publications and Presentations by Levy Institute Scholars
• Recent Levy Institute Publications