Summary Vol. 28, No. 2 | April 2019

Summary Spring 2019

This issue of the Summary features a public policy brief that considers the flaws in the eurozone’s settlement and payment system and a policy note that revisits the fall of Lehman Brothers ten years later.
Working papers included in this issue discuss the construction of stock-flow-consistent models that consider the specific features of the economy they are built to examine; investigate the role of social institutions in investment decisions under capitalism; compare Hyman Minsky’s and Lauchlin Curry’s positions on monetary economics; explore the evolution of central bank profits as fiscal revenue; assess the scope, successes, and shortcomings of social programs in Mexico and Argentina; and evaluate the impact of gender budgeting on gender equality and fiscal spending in Asia Pacific countries.
Program: The State of the US and World Economies
  • GENNARO ZEZZA and FRANCESCO ZEZZA, On the Design of Empirical Stock-Flow-Consistent Models
Program: Monetary Policy and Financial Structure
  • JAN KREGEL, Globalization, Nationalism, and Clearing Systems
  • JAN KREGEL, Preventing the Last Crisis: Minsky’s Forgotten Lessons Ten Years after Lehman
  • SUNANDA SEN, Investment Decisions under Uncertainty
  • IVÁN D. VELASQUEZ, Two Harvard Economists on Monetary Economics: Lauchlin Currie and Hyman Minsky on Financial Systems and Crises
  • JÖRG BIBOW, Unconventional Monetary Policies and Central Bank Profits: Seigniorage as Fiscal Revenue in the Aftermath of the Global Financial Crisis
Program: Gender Equality and the Economy
  • MARTHA TEPEPA, Social Policy in Mexico and Argentina
Program: Employment Policy and Labor Markets
  • LEKHA S. CHAKRABORTY, MARIAN INGRAMS, and YADAWENDRA SINGH, Macroeconomic Policy Effectiveness and Inequality: Efficacy of Gender Budgeting in Asia Pacific
  • Levy Berlin
  • Minsky Conference
  • Minsky Summer Seminar
Elizabeth Dunn Michael Stephens

Publication Highlight

Working Paper No. 1026
Banking Sector, Distributive Conflict, and Monetary Theory of Distribution
Author(s): Riccardo Zolea
August 2023

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