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Press ReleaseGovernment Investment in Research and Development Offers Opportunity for U.S. Economy to Regain Competitiveness Crucial for Growth and Employment, New Levy Study Says
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MME, November 4, 2013
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Δημήτρης Β. Παπαδημητρίου: Οι ανακοινώσεις της κυβέρνησης έρχονται σε σύγκρουση με την πραγματικότητα
Avgi, 4 Νοέμβριος 2013. Με επιφύλαξη παντός δικαιώματος. “Η κρίση στην Ευρωζώνη και την Ελλάδα και η εμπειρία με τις πολιτικές λιτότητας” αυτός είναι ο γενικός τίτλος του διεθνούς συνεδρίου που διοργανώνει το Levy Institute με την υποστήριξη του ιδρύματος Ford. Μάλιστα, είναι από τα λίγα συνέδρια αυτού του είδους που η παρακολούθηση και η […] -
Europe’s Deflation Paradox
Investors Chronicle, November 4, 2013. All Rights Reserved. The news that euro area inflation fell to a four-year low of 0.7 per cent last month raises a paradox. On the one hand, it’s widely agreed that such a rate is, as Societe Generale’s Michala Marcussen says, “uncomfortably low”. This is because it poses the risk […] -
MME, November 1, 2013
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Capital.gr: Δεν φαίνεται ακόμη φως στο τέλος του τούνελ
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BlogAn Omnibus Reply to MMT Critics
Randall Wray and Éric Tymoigne just released a new working paper that rounds up and responds to various critiques of Modern Money Theory (MMT); critiques they organize into five categories: One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that [...] -
Working Paper No. 778Modern Money Theory 101
One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unencumbered by hard financial constraints. Through a detailed analysis of the institutions and practices surrounding the fiscal and monetary operations of the treasury and central bank of many nations, […] -
Focus on Greece: Optimists Reap Dividends in Return for Their Faith
By Catherine Bolger The Wall Street Journal, October 11, 2013. All Rights Reserved. Investing in Greece has been highly profitable for a number of foreign investors, and they’re going back for more. Levy Institute President Dimitri B. Papadimitriou comments on the outlook for long-term investment. -
Blog
A Minsky Conference in Athens
The next Minsky conference in the Levy Institute’s international series is taking place in Athens next week, November 8-9. The central theme, as you can probably guess from the location, is the ongoing eurozone crisis. This conference is organized as part of the Levy Institute’s international research agenda and in conjunction with the Ford Foundation [...] -
Blog
Monetary and Fiscal Operations in China, an MMT Perspective
Here’s a piece I wrote with Yolanda Fernandez for the Asian Development Bank: Monetary and Fiscal Operations in the People’s Republic of China: An Alternative View of the Options Available You’ve no doubt read various analyses predicting the impending collapse of the Chinese financial sector, and arguments that China cannot continue to grow at a [...] -
Blog
The 0.2 Percent Solution: Some Advice for Debt Hawks
Larry Summers recently noted that the projected long-term budget deficit for the federal government basically disappears if we’re able to achieve annual economic growth rates that are 0.2 percentage points higher than the Congressional Budget Office assumes. The notion that eliminating the budget deficit is a valuable goal in and of itself deserves some pushback. [...]