Report July 2009

The July Report highlights the Institute’s annual Minsky conference, held April 16–17, 2009, at the Ford Foundation in New York City. Over 150 top policymakers, economists, and analysts gathered to offer their insights into the extraordinary challenges posed by the current global crisis, with topics ranging from financial market reregulation to the rehabilitation of mortgage financing to the institutional shape of the future financial system.

CONFERENCE

• 18th Annual Hyman P. Minsky Conference on the State of the US and World Economies: Meeting the Challenges of Financial Crisis

NEW STRATEGIC ANALYSES

• A “People First” Strategy: Credit Cannot Flow When There Are No Creditworthy Borrowers or Profitable Projects
• Recent Rise in Federal Government and Federal Reserve Liabilities: Antidote to a Speculative Hangover

NEW PUBLIC POLICY BRIEF

• It’s That “Vision” Thing: Why the Bailouts Aren’t Working, and Why a New Financial System Is Needed

NEW POLICY NOTES

• What Role for Central Banks in View of the Current Crisis?
• An Assessment of the Credit Crisis Solutions
• A Crisis in Coordination and Competence
• A Proposal for a Federal Employment Reserve Authority
• The “Unintended Consequences” Game
• “Enforced Indebtedness” and Capital Adequacy Requirements

NEW WORKING PAPERS

• Background Considerations to a Regulation of the US Financial System: Third Time a Charm? Or Strike Three?
• Managing the Impact of Volatility in International Capital Markets in an Uncertain World
• Labor-market Performance in the OECD: An Assessment of Recent Evidence
• The Social and Economic Importance of Full Employment
• The Return of the State: The New Investment Paradigm
• The Current Economic and Financial Crisis: A Gender Perspective
• Whither New Consensus Macroeconomics? The Role of Government and Fiscal Policy in Modern Macroeconomics
• New Consensus Macroeconomics: A Critical Appraisal
• Housing Inequality in the United States: A Decomposition Analysis of Racial and Ethnic Disparities in Homeownership
• Caste and Wealth Inequality in India

LEVY INSTITUTE NEWS

• Event: Conference on Employment Guarantee Policies
• Events: Conference and Seminar on Gender and the Global Economic Crisis

PUBLICATIONS AND PRESENTATIONS

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