Report January 2010

After unprecedented efforts by the Federal Reserve and Congress, and the adoption of “big government” policies, the financial system is more stable but the official unemployment level is 10.2 percent—and rising. According to the Institute’s latest Strategic Analysis, the nascent recovery is still very fragile, so a good policymaking strategy will require a clear assessment of US economic prospects over the medium term (i.e., six years).

NEW STRATEGIC ANALYSIS

• The Current Recession And Beyond: Medium-term Prospects for the US Economy

NEW PUBLIC POLICY BRIEFS

• It Isn’t Working: Time for More Radical Policies
• Can Euroland Survive?

NEW POLICY NOTES

• Banks Running Wild: The Subversion of Insurance by “Life Settlements” and Credit Default Swaps
• Fiscal Stimulus, Job Creation, and the Economy: What Are the Lessons of the New Deal?

NEW LEVY INSTITUTE MEASURE OF ECONOMIC WELL-BEING (LIMEW)

• Has Progress Been Made in Alleviating Racial Economic Inequality?

NEW WORKING PAPERS

• The Unequal Burden of Poverty on Time Use Securitization, Deregulation, Economic Stability, and Financial Crisis, Parts I and II
• A Critical Assessment of Seven Reports on Financial Reform: A Minskyan Perspective, Parts I–IV
• Market Failure and Land Concentration
• A Financial Sector Balance Approach and the Cyclical Dynamics of the US Economy Explaining the Gender Wage Gap in Georgia
• Money Manager Capitalism and the Global Financial Crisis
• A Perspective on Minsky Moments: The Core of the Financial Instability
• Hypothesis in Light of the Subprime Crisis
• An Alternative View of Finance, Saving, Deficits, and Liquidity Lessons from the New Deal: Did the New Deal Prolong or Worsen the Great Depression?
• Minsky Moments, Russell Chickens, and Gray Swans: The Methodological Puzzles of the Financial Instability Analysis

INSTITUTE NEWS

Upcoming Events

• The 19th Annual Hyman P. Minsky Conference on the State of the US and World Economies, April 14–16, 2010
• The Hyman P. Minsky Summer Seminar, June 19–29, 2010

PUBLICATIONS AND PRESENTATIONS

• Publications and Presentations by Levy Institute Scholars