Publications

1714 publications found

• Policy Note No. 5
  May 07, 2013

  The New Rome

  C. J. Polychroniou
  Abstract

  The European Union (EU) is a treaty-based organization that was set up after World War II as a means of putting an end to a favorite practice of the Europeans:…more

  Download Policy Note 2013/5 PDF (252.43 KB)
• Working Paper No. 763
  May 07, 2013

  The Problem of Excess Reserves, Then and Now

  Walker F. Todd
  Abstract

  This working paper looks at excess reserves in historical context and analyzes whether they constitute a monetary policy problem for the Federal Reserve System (the “Fed”) or a potentially inflationary…more

  Download Working Paper No. 763 PDF (147.49 KB)
• Working Paper No. 763
  May 07, 2013

  Το πρόβλημα με τα πλεονάζοντα αποθεματικά στο παρελθόν και σήμερα

  Walker F. Todd
  Abstract

  Η παρούσα εργασία εξετάζει από ιστορικό πλαίσιο τα πλεονάζοντα αποθεματικά και αναλύει αν αποτελούν πρόβλημα νομισματικής πολιτικής για την Ομοσπονδιακή Τράπεζα των ΗΠΑ (Fed) ή ένα ενδεχομένως πληθωριστικό πρόβλημα για…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 763 PDF (457.17 KB)
• Policy Note No. 4
  April 29, 2013

  Διδάγματα από τo Κυπριακό «κούρεμα» των καταθέσεων για την ασφάλιση των τραπεζικών καταθέσεων στην ΕΕ

  Jan Kregel
  Abstract

  Τον Μάρτιο του τρέχοντος έτους, η κυβέρνηση της Κύπρου πρότεινε ως λύση για την κρίση των Κυπριακών τραπεζών και ως μέρος μιας διαπραγμάτευσης για την εξασφάλιση έκτακτης οικονομικής στήριξης για…more

  Download Σημείωμα Πολιτικής 2013/4 PDF (417.86 KB)
• Policy Note No. 4
  April 29, 2013

  Lessons from the Cypriot Deposit Haircut for EU Deposit Insurance Schemes

  Jan Kregel
  Abstract

  In March of this year, the government of Cyprus, in response to a banking crisis and as part of a negotiation to secure emergency financial support for its financial system…more

  Download Policy Note 2013/4 PDF (219.45 KB)
• Public Policy Brief No. 129
  April 26, 2013

  More Swimming Lessons from the London Whale

  Jan Kregel
  Abstract

  This policy brief by Senior Scholar and Program Director Jan Kregel builds on an earlier analysis (Policy Note 2012/6) of JPMorgan Chase and the actions of the “London Whale,” and what…more

  Download Public Policy Brief No. 129, 2013 PDF (245.95 KB)
• Public Policy Brief No. 128
  April 20, 2013

  From Safety Nets to Economic Empowerment

  Rania Antonopoulos
  Abstract

  Social protection systems comprise public policies designed to prevent or alleviate economic insecurity and poverty. Throughout the developing world, social protection strategies and the dialogue surrounding them have recently been…more

  Download Public Policy Brief No. 128, 2013 PDF (453.64 KB)
• Public Policy Brief No. 128
  April 20, 2013

  Από τα δίχτυα ασφαλείας στην οικονομική ενδυνάμωση

  Rania Antonopoulos
  Abstract

  Τα προγράμματα κοινωνικής προστασίας περιλαμβάνουν δημόσιες πολιτικές που είναι σχεδιασμένες για να εμποδίσουν ή να απαλείψουν την ανασφάλεια και τη φτώχεια. Σε όλο τον αναπτυσσόμενο κόσμο, οι στρατηγικές κοινωνικής προστασίας…more

  Download Κείμενο Δημόσιας Πολιτικής No. 128 PDF (1.34 MB)
• Book Series
  April 16, 2013

  Ending Poverty: Jobs, Not Welfare

  Hyman P. Minsky
  Abstract

  Although Hyman P. Minsky is best known for his ideas about financial insta­bility, he was equally concerned with the question of how to create a stable economy that puts an…more

• Policy Note No. 3
  April 15, 2013

  Employment Recovery(?) after the Great Recession

  Michalis Nikiforos
  Abstract

  This policy note discusses the prospects for job creation in the US based on the most recent Levy Economics Institute Strategic Analysis report, Is the Link between Jobs and Output…more

  Download Policy Note 2013/3 PDF (377.37 KB)
• Working Paper No. 762
  April 12, 2013

  On the Franco-German Euro Contradiction and Ultimate Euro Battleground

  Jörg Bibow
  Abstract

  Highlighting that France and Germany held largely contradicting hopes and aspirations for Europe’s common currency, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well…more

  Download Working Paper No. 762 PDF (577.11 KB)
• Working Paper No. 762
  April 12, 2013

  Μια ανάλυση για την γαλλογερμανική αντίφαση γύρω από το ευρώ και την τελική μάχη στην ευρωζώνη

  Jörg Bibow
  Abstract

  Υπογραμμίζοντας τις αντικρουόμενες ελπίδες και προσδοκίες μεταξύ Γαλλίας και Γερμανίας για το ευρωπαϊκό κοινό νόμισμα, το κείμενο αναλύει τον τρόπο με τον οποίον συνέβαλε αυτή η κατάσταση στη συνεχιζόμενη ευρωκρίση…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 762 PDF (967.17 KB)
• Research Project Report
  April 10, 2013

  The Lender of Last Resort: A Critical Analysis of the Federal Reserve’s Unprecedented Intervention after 2007

  L. Randall Wray
  Abstract

  This monograph is part of the Levy Institute’s Research and Policy Dialogue Project on Improving Governance of the Government Safety Net in Financial Crisis, a two-year project funded by the…more

  Download Research Project Report, April 2013 PDF (2.10 MB)
• Working Paper No. 761
  March 29, 2013

  Currency Concerns under Uncertainty

  Sunanda Sen
  Abstract

  The recent declines in China’s financial account balance ended the “twin surplus” era and led to a modest decline in the stock of official reserves, which reflects a reversal in…more

  Download Working Paper No. 761 PDF (129.13 KB)
• Working Paper No. 760
  March 26, 2013

  Indirect Domestic Value Added in Mexico’s Manufacturing Exports, by Origin and Destination Sector

  Gerardo Fujii-Gambero and Rosario Cervantes-Martínez
  Abstract

  As domestic exports usually require imported inputs, the value of exports differs from the domestic value added contained in exports. The higher the domestic value added contained in exports, the…more

  Download Working Paper No. 760 PDF (342.86 KB)
• Strategic Analysis
  March 19, 2013

  Ισχύει ακόμη η σύνδεση παραγωγής και δημιουργίας θέσεων εργασίας;

  Dimitri B. Papadimitriou and Michalis Nikiforos
  Abstract

  Καθώς ετοιμάζεται να δημοσιευθεί η παρούσα έκθεση, η ανεργία παραμένει σε εξαιρετικά υψηλά επίπεδα ακόμη και σε σχέση με ανάλογα χρονικά σημεία από προηγούμενες περιόδους οικονομικής ανάκαμψης. Η οικονομία των…more

  Download Στρατηγικη Αναλυση, Μάρτιος 2013 PDF (3.79 MB)
• Strategic Analysis
  March 19, 2013

  Is the Link between Output and Jobs Broken?

  Dimitri B. Papadimitriou and Michalis Nikiforos
  Abstract

  As this report goes to press, the official unemployment rate remains tragically elevated, compared even to rates at similar points in previous recoveries. The US economy seems once again to…more

  Download Strategic Analysis, March 2013 PDF (725.09 KB)
• Working Paper No. 759
  March 18, 2013

  Wages, Exchange Rates, and the Great Inflation Moderation

  Nathan Perry and Nathaniel Cline
  Abstract

  Several explanations of the “great inflation moderation” (1982–2006) have been put forth, the most popular being that inflation was tamed due to good monetary policy, good luck (exogenous shocks such…more

  Download Working Paper No. 759 PDF (553.94 KB)
• Working Paper No. 758
  March 14, 2013

  How the Fed Reanimated Wall Street

  Nicola Matthews
  Abstract

  Walter Bagehot’s putative principles of lending in liquidity crises—to lend freely to solvent banks with good collateral but at penalty rates—have served as a theoretical basis for thinking about the…more

  Download Working Paper No. 758 PDF (1.27 MB)
• Policy Note No. 2
  March 12, 2013

  Toward a Post-Keynesian Political Economy for the 21st Century

  C. J. Polychroniou
  Abstract

  The global economy is in trouble. Indeed, the era of global neoliberalism, while still supreme, is fraught with serious problems and contradictions, as evidenced by both the recent global financial…more

  Download Policy Note 2013/2 PDF (207.71 KB)
• Working Paper No. 757
  March 11, 2013

  Expanding Social Protection in Developing Countries

  Rania Antonopoulos
  Abstract

  This paper discusses social protection initiatives in the context of developing countries and explores the opportunities they present for promoting a gender-equality agenda and women’s empowerment. The paper begins with…more

  Download Working Paper No. 757 PDF (272.01 KB)
• Working Paper No. 756
  February 14, 2013

  Long-Term Benefits from Temporary Migration

  Sanjaya DeSilva
  Abstract

  Utilizing a nationally representative sample of households from Sri Lanka, this study examines gender differences in the long-term impact of temporary labor migration. We use a propensity score matching (PSM)…more

  Download Working Paper No. 756 PDF (291.83 KB)
• Working Paper No. 755
  February 14, 2013

  The Economics of Inclusion

  Olivier Giovannoni and Michael A. Valenti
  Abstract

  This paper presents a review of the literature on the economics of shared societies. As defined by the Club de Madrid, shared societies are societies in which people hold an…more

  Download Working Paper No. 755 PDF (216.99 KB)
• Working Paper No. 754
  February 11, 2013

  Growth Trends and Cycles in the American Postwar Period, with Implications for Policy

  Olivier Giovannoni
  Abstract

  Do all types of demand have the same effect on output? To answer this question, I estimate a cointegrated vector autoregressive (VAR) model of consumption, investment, and government spending on…more

  Download Working Paper No. 754 PDF (466.06 KB)