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Research Project ReportInvesting in Early Childhood Education and Care Services in Jordan
Written in October 2022, through a collaboration between Istanbul Technical University (ITU) and the Levy Economics Institute in New York by Ipek Ilkkaracan (ITU), Ayse Aylin Bayar (ITU), Luiza Nassif Pires (Levy), Tom Masterson (Levy), and Ajit Zacharias (Levy). We are grateful to Hazar Asfoura from UN Women Jordan for her careful readings of various […] -
Policy NotesWhat Do We Save When We DOGE the Government?
The second Trump administration has seemingly added a new term to the English vocabulary – getting DOGE-ed. Almost every week we hear about another government agency getting the DOGE treatment, i.e., firing personnel, closing down offices, etc. The Department of Government Efficiency is supposedly making our government more efficient and hence saving the taxpayers some […] -
Working Paper No. 1082Growth vs. Discipline: Italy’s Fiscal Dilemmas in a Stock-Flow Consistent Model
This paper investigates the implications of the European Union’s revised fiscal governance framework for Italy, a country facing the dual challenge of high public debt and persistent economic stagnation. Using a Stock-Flow Consistent (SFC) macroeconometric model of the Italian economy (MITA), we assess the medium-term macroeconomic implications of the government Medium-term Fiscal-Structural Plan, and whether […] -
BlogTribute to Edwin Le Héron
Our eminent French economist colleague, Edwin Le Héron, passed away on 23 April 2025 in Bordeaux. A professor at Sciences Po Bordeaux since 1987, he was the founder and long-standing president of the Association pour le Développement des Études Keynésiennes (ADEK), established in 2000. ADEK has brought together French-speaking post-keynesian economists and organized major international [...] -
One-Pager No. 73The Incoming Recession: Are Imports the Real Culprit?
The preliminary estimates for real GDP growth in the first quarter of 2025 show an annualized contraction rate of 0.28 percent, along with an extraordinary increase in imports of 41.3 percent. Most commentators rushed to indicate that the contraction was due to the rise in imports, as, for instance, with the recent Reuters headline stating […] -
US House Representative Ro Khanna (CA-17) to Give Keynote Address at 32nd Annual Conference
The Levy Institute is pleased to announce the keynote speaker for our 32nd Annual Conference: US House Representative Ro Khanna (CA-17)! The 32nd Annual Levy Economics Institute Conference, Money, Finance, and Economic Strategies in Fractured Times will be returning as an in-person event on Monday, June 16, 2025. The conference will take place on the Bard College campus […] -
EventSide Event at UN Women 2025 ECOSOC Forum on Financing for Development & FfD4 Conference
The Levy Economics Institute is proud to co-sponsor the side event, “Engendering Fiscal Space: The Role of Macro-Level Economic Policies, External Debt, Concessional Finance, Special Drawing Rights, and Economic Modelling,” during the 2025 ECOSOC Forum on Financing for Development & 4th PrepCom for the Fourth Financing for Development Conference). Join April 30–May 1, 2025, at […] -
Policy NotesRemembering Pope Francis’s Call for a Universal Basic Wage
On April 21, 2025, a day after Easter Sunday, the world mourned the passing of His Holiness Pope Francis. Five years earlier, on Easter Sunday, April 12, 2020—amid the devastating COVID-19 pandemic—he issued a powerful plea for economic justice, urging leaders to address the deepening crisis of insecurity faced by workers. His call for a universal […] -
Working Paper No. 1081
The Rise and Rise of Feminist Macroeconomics: Who’s Recognizing?
Macroeconomics is arguably the most male-dominated field within the discipline of economics. Since the mid-1990s, feminist economists have thoroughly and meticulously challenged this field through empirical and theoretical analyses and proposed alternative starting points, frameworks, and models. We evaluate the contributions of five scholars—Nilüfer Çağatay, Diane Elson, Caren Grown, Stephanie Seguino, and Elissa Braunstein—who have […] -
Policy NotesTrump’s Tariffs: Ending Globalization
The Trump administration is reintroducing a number of 40-year-old, Reagan-era economic and military policies, but is particularly preoccupied with the imposition of tariffs for all of the country’s imports. Trump, in his inaugural address, placed significant emphasis on what the imposition of tariffs would represent, in his view: “Instead of taxing our citizens to enrich […] -
Levy Scholar Ajit Zacharias Appointed to National Academies Committee on Measuring the Care Economy
Senior Scholar Ajit Zacharias has been appointed to serve on the Committee on A Data Infrastructure for Measuring the Care Economy with The National Academies of Science, Engineering, and Medicine. This panel, created to assess the current data available on the care economy, will provide conclusion and recommendations on the potential for improving, expanding, and integrating […] -
Levy Scholar James K. Galbraith for Bloomberg: “Why Economists Are Looking at Economics All Wrong”
Senior Scholar James K. Galbraith appeared on the Bloomberg podcast Merryn Talks Money to discuss his new book Entropy Economics. This interview was recorded before the market chaos of the last week. There’s a problem with economists, says James K. Galbraith. It is that almost all of them are working with the wrong models. They look at it in […]