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Summary No. 1Summary Winter 2005
A conference on the distributional effects of government spending and taxation was held at the Levy Institute’s conference center in fall 2004 and is summarized under The Distribution of Income and Wealth program. The presentations outlined how governments play a large role in affecting inequality, since countries spend at least a quarter of GDP on […] -
Policy Notes No. 1The Case for an Environmentally Sustainable Jobs Program
The job numbers in the United States and around the globe continue to look bleak. Not only are the absolute numbers dismal, but also job growth has dragged on with no hope for a substantial change in prospects. This situation supports the view that we are facing a long-term problem that requires critical and creative […] -
Report No. 1Report January 2005
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 economic fortunes of future retirees, and included keynote speaker David Cay Johnston’s stinging indictment of the distributional properties of the American tax system. A synopsis […] -
Public Policy Brief No. 80The Fed and the New Monetary Consensus
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 other labor market indicators show that the current recovery has not yet attained the degree of labor market tightness that was common in previous recoveries, […] -
Press ReleaseNew Levy Institute Study Questions Preemptive Moves by Fed
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Research Project ReportHow Much Does Public Consumption Matter for Well-Being?
This report supplements previous findings of the Levy Institute Measure of Economic Well-Being (LIMEW) research project within our program on the distribution of income and wealth. Some readers have questioned the sensitivity of our estimates in view of our imputation techniques. Therefore, the authors explore the sensitivity of their key findings to changes in the […] -
Public Policy Brief Highlight No. 80
The Fed and the New Monetary Consensus
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 other labor market indicators show that the current recovery has not yet attained the degree of labor market tightness that was common in previous recoveries, […] -
Working Paper No. 415Measuring Capacity Utilization in OECD Countries
This paper derives measures of potential output and capacity utilization for a number of OECD countries, using a method based on the cointegration relation between output and the capital stock. The intuitive idea is that economic capacity (potential output) is the aspect of output that co-varies with the capital stock over the long run. We […] -
Working Paper No. 414
Household Wealth Distribution in Italy in the 1990s
This paper describes the composition and distribution of household wealth in Italy. First, the evolution of household portfolios over the last 40 years is described on the basis of newly reconstructed aggregate balance sheets. Second, the characteristics and quality of the main statistical source on wealth distribution, the Bank of Italy’s Survey of Household Income […] -
Press Release
New Levy Institute Study Critical of Interest Rate Hikes
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Audio
The Distributional Effects of Government Spending and Taxation
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. -
Working Paper No. 413
Visions and Scenarios
Ecological economics is a transdisciplinary alternative to mainstream environmental economics. Attempts have been made to outline a methodology for ecological economics and it is probably fair to say that, at this point, ecological economics takes a “pluralistic” approach. There are, however, some common methodological themes that run through the ecological economics literature. This paper argues […]