Summary Vol. 17, No. 2 | April 2008

Summary Spring 2008

This issue highlights a series of working papers under the Monetary Policy and Financial Structure program that analyze the current instability within the financial industry in the United States. In each case, the author calls for policy and political reform in order to prevent "it" (the Great Depression) from happening again.



Program: Monetary Policy and Financial Structure

  • L. RANDALL WRAY, Lessons from the Subprime Meltdown
  • JAN KREGEL, The Natural Instability of Financial Markets
  • THOMAS I. PALLEY, Financialization: What It Is and Why It Matters
  • JAN KREGEL, Financial Flows and International Imbalances—The Role of Catching Up by Late-industrializing Developing Countries
  • JAN KREGEL, Minsky's Cushions of Safety: Systemic Risk and the Crisis in the US Subprime Mortgage Market

Program: The Distribution of Income and Wealth

  • JOSEPH DEUTSCH and JACQUES SILBER, Earnings Functions and the Measurement of the Determinants of Wage Dispersion: Extending Oaxaca's Approach

Program: Gender Equality and the Economy

  • PAVLINA R. TCHERNEVA and L. RANDALL WRAY, Public Employment and Women: The Impact of Argentina's Jefes Program on Female Heads of Poor Households

Program: Employment Policy and Labor Markets

  • JAN KREGEL, Nurkse and the Role of Finance in Development Economics
  • HIND JALAL, Promotion Nationale: Forty-Five Years of Experience of PublicWorks in Morocco
  • ZAHRA KARIMI, Financing Job Guarantee Schemes by Oil Revenue: The Case of Iran

Program: Immigration, Ethnicity, and Social Structure

  • JOEL PERLMANN, American Jewish Opinion about the Future of the West Bank: A Reanalysis of American Jewish Committee Surveys


  • Upcoming Event: 17th Annual Hyman P. Minsky Conference, April 17–18


  • Publications and Presentations by Levy Institute Scholars
  • Recent Levy Institute Publications
W. Ray Towle

Publication Highlight

Working Paper No. 1023
Climate Change and Fiscal Marksmanship
Evidence From an Emerging Country, India
Author(s): Lekha S. Chakraborty, Amandeep Kaur, Ajay Narayan Jha, Jitesh Yadav, Balamuraly B
July 2023

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