Summary Fall 2010
The Fall Summary provides an overview of the annual Minsky Conference, which was held in April in New York City with support from the Ford Foundation. Titled “After the Crisis: Planning a New Financial Structure,” the conference focused on many Minskyan themes, including the reconstitution of the financial structure, the reregulation and supervision of financial institutions, the moral hazard of the “too big to fail” doctrine, and the economics of the “big bank” and “big government.” In addition, participants considered central bank exit strategies. A related policy note asserts that the late Wynne Godley’s financial balances approach should be the workhorse of discussions on global rebalancing.
INSTITUTE RESEARCH
Program: The State of the US and World Economies
- 19th ANNUAL HYMAN P. MINSKY CONFERENCE
- After the Crisis: Planning a New Financial Structure
- JAMES K. GALBRAITH, The Great Crisis and the American Response
- DIMITRI B. PAPADIMITRIOU, L. RANDALL WRAY, and YEVA NERSISYAN, Endgame for the Euro? Without Major Restructuring, the Eurozone Is Doomed
- DIMITRI B. PAPADIMITRIOU and GREG HANNSGEN, Debts, Deficits, Economic Recovery, and the US Government
- PAUL MCCULLEY, Global Central Bank Focus: Facts on the Ground
- JÖRG BIBOW, Global Imbalances, the US Dollar, and How the Crisis at the Core of Global Finance Spread to “Self-Insuring” Emerging Market Economies
- CLAUDIO H. DOS SANTOS and ANTONIO C. MACEDO E SILVA, Revisiting “New Cambridge”: The Three Financial Balances in a General Stock-flow Consistent Applied Modeling Strategy
- G. E. KRIMPAS, The Recycling Problem in a Currency Union
- JÖRG BIBOW, Bretton Woods 2 Is Dead, Long Live Bretton Woods 3?
- YEVA NERSISYAN and L. RANDALL WRAY, Does Excessive Sovereign Debt Really Hurt Growth? A Critique of This Time Is Different, by Reinhart and Rogoff
Program: Monetary Policy and Financial Structure
- YEVA NERSISYAN and L. RANDALL WRAY, Deficit Hysteria Redux? Why We Should Stop Worrying about US Government Deficits
- LUIZ CARLOS BRESSER-PEREIRA, The Global Financial Crisis and a New Capitalism?
- AMIT BHADURI, A Contribution to the Theory of Financial Fragility and Crisis
- BERNARD SHULL, Too Big to Fail in Financial Crisis: Motives, Countermeasures, and Prospects
- JAN KREGEL, Fiscal Responsibility: What Exactly Does It Mean?
- GARY A. DYMSKI, Three Futures for Postcrisis Banking in the Americas: The Financial Trilemma and the Wall Street Complex
- ÉRIC TYMOIGNE, Detecting Ponzi Finance: An Evolutionary Approach to the Measure of Financial Fragility
Program: Gender Equality and the Economy
- LEKHA S. CHAKRABORTY, Determining Gender Equity in Fiscal Federalism: Analytical Issues and Empirical Evidence from India
- FATMA GÜL ÜNAL, MIRJANA DOKMANOVIC, and RAFIS ABAZOV, The Economic and Financial Crises in CEE and CIS: Gender Perspectives and Policy Choices
- RANIA ANTONOPOULOS and EMEL MEMIS, Time and Poverty from a Developing Country Perspective
Program: Employment Policy and Labor Markets
- CHARLES J. WHALEN, Economic Policy for the Real World
Program: Immigration, Ethnicity, and Social Structure
- SANJAYA DESILVA, ANH PHAM, and MICHAEL SMITH, Racial Preferences in a Small Urban Housing Market: A Spatial Econometric Analysis of Microneighborhoods in Kingston, New York
Program: Economic Policy for the 21st Century
Explorations in Theory and Empirical Analysis
• GREG HANNSGEN, Infinite-variance, Alpha-stable Shocks in Monetary SVAR
INSTITUTE NEWS
- The Hyman P. Minsky Summer Seminar and Conference, June 19–29, 2010
- Upcoming Event: The 2011 Hyman P. Minsky Summer Seminar
- New Research Associate
PUBLICATIONS AND PRESENTATIONS
- Publications and Presentations by Levy Institute Scholars
- Recent Levy Institute Publications