Filter by
4195 results found
-
Tarullo: Fed Shouldn’t Rush to Avert Any Wage Pressures
Money News, April 9, 2014. All Rights Reserved. Federal Reserve Governor Daniel Tarullo said the central bank shouldn’t raise interest rates “preemptively” on a belief the recession cut the supply of ready labor in the economy. “We should remain attentive to evidence that labor markets have actually tightened to the point that there is demonstrable […] -
Fed’s Tarullo: Recovery Looking “Well-Grounded” Going Forward
MNI | Deutsche Börse Group, April 9, 2014. All Rights Reserved. WASHINGTON (MNI) – Federal Reserve Board Gov. Daniel Tarullo Wednesday night sounded bullish in his outlook for the U.S. economy the rest of this year, saying the Fed’s aggressive actions have continued to play a major role. "Unconventional monetary policies have been critical in […] -
Fed President Charles Evans speaking at the Minsky conference in D.C.: FOMC has been “less aggressive” than called for
-
Public Policy Brief No. 131Minsky and Dynamic Macroprudential Regulation
In the context of current debates about the proper form of prudential regulation and proposals for the imposition of liquidity and capital ratios, Senior Scholar Jan Kregel examines Hyman Minsky’s work as a consultant to government agencies exploring financial regulatory reform in the 1960s. As Kregel explains, this often-overlooked early work, a precursor to Minsky’s […] -
Public Policy Brief No. 131
Ο Μίνσκι και η δυναμική μακροπροληπτική ρύθμιση
Στο πλαίσιο των σημερινών συζητήσεων σχετικά με την κατάλληλη μορφή της μακροληπτικής ρύθμισης και των προτάσεων για την επιβολή ορίων στα επίπεδα ρευστότητας και κεφαλαίων, ο ανώτατος μελετητής Jan Kregel εξετάζει το έργο του Μίνσκι ως σύμβουλος κυβερνητικών υπηρεσιών που διερευνούσαν το ζήτημα της ρυθμιστικής μεταρρύθμισης τη δεκαετία του 1960. Όπως εξηγεί ο Kregel, αυτή […] -
Press ReleaseTop US and European Economic Leaders to Discuss Economic Uncertainty, Financial Reform, Jobs, and Growth at the Levy Economics Institute’s 23rd Annual Hyman P. Minsky Conference, in Washington, D.C., April 9–10
-
Working Paper No. 796Minsky and the Subprime Mortgage Crisis
The aim of this paper is to develop a structural explanation of the subprime mortgage crisis, grounded on the combination of two apparently incompatible financial theories: the financial instability hypothesis by Hyman P. Minsky and the theory of capital market inflation by Jan Toporowski. Our thesis is that, once the evolution of the financial market […] -
Working Paper No. 795
Growth with Unused Capacity and Endogenous Depreciation
This paper contributes to the debate on income growth and distribution from a nonmainstream perspective. It looks, in particular, at the role that the degree of capacity utilization plays in the process of growth of an economy that is not perfectly competitive. The distinctive feature of the model presented in the paper is the hypothesis […] -
MME, April 4, 2014
-
Στρατηγικές απασχόλησης
Kathimerini, 4 Απρίλη 2014. Με επιφύλαξη παντός δικαιώματος. Τα τελευταία στοιχεία για την απασχόληση και την ανεργία στην Ελλάδα είναι πεισματικά αρνητικά. Ο αριθμός των ανέργων βρίσκεται σε ιστορικά υψηλό επίπεδο, με το ποσοστό ανεργίας των γυναικών να είναι υψηλότερο (31,6%) από των ανδρών (24,5%). Με βάση τη στρατηγική που επέβαλε η τρόικα, τόσο οι […] -
BlogA Minsky Moment on the BBC
For those of you who haven’t seen it already, Duncan Weldon did a feature on Hyman Minsky for the BBC last week, including this short article and a 30-minute piece for BBC radio. In the radio segment, Adair Turner says this about Minsky’s contribution and his departure from the mainstream (a description of the pre-crisis [...] -
Working Paper No. 794
Structural Asymmetries at the Roots of the Eurozone Crisis
In this paper, we analyze and try to measure productive and technological asymmetries between central and peripheral economies in the eurozone. We assess the effects such asymmetries would likely bring about on center–periphery divergence/convergence patterns, and derive some implications as to the design of future industrial policy at the European level. We stress that future […]