Archived Publication Types

The Levy Institute’s October 2004 conference on the distributional effects of government spending and taxation addressed topics ranging from the social benefits of various types of economic development to the…more

Download Volume 15, No. 1 PDF (644.31 KB)

The most charitable interpretation of the Federal Reserve’s recent interest rate hikes is that they appear to have been premature. A convincing array of data on payrolls, employment-to-population ratios, and…more

Download Public Policy Brief Highlights No. 80A, 2004 PDF (243.36 KB)

The conference was held October 15–16, 2004, at the Levy Institute’s research and conference center at Blithewood on the campus of Bard College, Annandale-on-Hudson, N.Y.

The American economy has grown reasonably fast since the second half of 2003, and the general expectation seems to be that satisfactory growth will continue more or less indefinitely. In…more

Download Volume 14, No. 3 PDF (1.21 MB)

In this issue: an overview of the 14th Annual Hyman P. Minsky Conference on Financial Structure. A common observation among participants was the atypical business cycle pattern associated with the…more

Download Volume 13, No. 3 PDF (578.22 KB)

For a time, the Federal Open Market Committee (FOMC) seemed to have learned from the mistakes of the past. Instead of taking good economic performance as a sign of incipient…more

Download Public Policy Brief Highlights No. 79A, 2004 PDF (410.07 KB)

Twenty to 25 years ago, a debate was under way in academe and in the popular press over the War on Poverty. One group of scholars argued that the war,…more

Download Public Policy Brief Highlights No. 78A, 2004 PDF (243.92 KB)

In this issue, Senior Scholar L. Randall Wray’s comments on President Bush’s tax relief and spending stimulus, and all that red ink. Contents: Comment, “Greenspan and All That Red Ink”…more

Download Volume 14, No. 2 PDF (426.40 KB)

A rebound of consumption, investment, and consumer confidence in the second half of 2003 has raised hopes that the United States’ recovery from the 2001 recession is on a sustainable…more

Download Public Policy Brief Highlights No. 77A, 2004 PDF (333.34 KB)

The sharp reversal from surplus to deficit of the federal budget has prevented a deep recession, but long-term strategic economic difficulties remain. A new Strategic Analysis suggests that the government…more

Download Volume 13, No. 2 PDF (523.84 KB)

Topics at the 2004 Minsky conference included fiscal and monetary policies for the expansion of national economies as well as the global economy; exchange rate misalignments resulting from “brutal” gyrations…more

Download Conference Proceedings, April 23–24, 2004 PDF (748.07 KB)

Economic growth and a rising stock market in the 1990s gave the impression that everyone was accumulating wealth and asset poverty rates were declining. The impression was supported by the…more

Download Public Policy Brief Highlights No. 76A, 2004 PDF (249.57 KB)

As 2004 begins, the Levy Institute can look back on the 2002–03 period as one of accomplishment and transition. Several initiatives were begun, new personnel were added, and the Institute…more

Download Biennial Report, 2002–2003 PDF (2.02 MB)

Like a recurrent nightmare, the Bush administration, apparently emboldened by its success in getting Congress to start down the road to privatizing Medicare, seems ready to resurrect its proposals to…more

Download Volume 14, No. 1 PDF (465.79 KB)

The Winter Summary highlights the recent Levy Institute conference "International Perspectives on Household Wealth," which focused on the dynamics of the distribution of wealth across population subgroups, income levels, and…more

Download Volume 13, No. 1 PDF (251.91 KB)

In 2002 more than $1 trillion worth of new bonds was sold across international boundaries. The total stock of cross-border bond holdings was more than $9 trillion. Such lending, together…more

Download Public Policy Brief Highlights No. 75A, 2003 PDF (337.92 KB)

Most recent discussions of deflation seem to overlook the main dangers posed by a deflationary economy and appear to offer superficial solutions. In this brief, the authors argue that, barring…more

Download Public Policy Brief Highlights No. 74A, 2003 PDF (107.13 KB)

The main focus of this conference was on the distribution of household wealth and savings in the United States and other advanced industrialized countries. Most of the papers highlighted recent…more

The slowdown in economic growth and rising unemployment in the euro area have revealed serious fault lines in the stability and growth pact governing the zone’s macroeconomic policies. In an…more

Download Volume 13, No. 3 PDF (339.91 KB)

In an asset and debt deflation, the process of reducing debt by saving and curtailing spending takes a long time, say authors Philip Arestis and Elias Karakitsos. Current imbalances and…more

Download Public Policy Brief Highlights No. 73A, 2003 PDF (292.66 KB)

The “American Model” serves as a point of reference in discussions of economic policy around the world, especially in Europe. Many claim that the American version of the free market…more

Download Public Policy Brief Highlights No. 72A, 2003 PDF (237.95 KB)

This issue provides an overview of the Institute’s Annual Hyman P. Minsky Conference, the focus of which was the formulation of economic policy for sustainable growth; topices included the effects…more

Download Volume 13, No. 2 PDF (730.93 KB)

The 13th Annual Hyman P. Minsky conference, held April 15, 2003, at the Hilton New York, focused on the uncertainty surrounding the United States’ recent economic recovery, as well as…more

Download Conference Proceedings, April 15, 2003 PDF (532.74 KB)

Despite the collapse in stock prices, consumers have taken advantage of rising property values and low interest rates to continue borrowing and spending; debt in the personal sector now stands…more

Download Volume 13, No. 1 PDF (183.86 KB)