Search

">

Filter by

4212 results found

Working Paper No. 940
On the “Utilization Controversy”
The critique by Gahn and González (2019) of the conclusions in Nikiforos (2016) regarding what data should be used to evaluate whether capacity utilization is endogenous to demand is weak for the following reasons: (i) The Federal Reserve Board (FRB) measure of utilization is not appropriate for measuring long-run variations of utilization because of the […]
Testimony
Statement of Senior Scholar L. Randall Wray to the House Budget Committee, US House of Representatives
On November 20, 2019, Senior Scholar L. Randall Wray testified before the House Committee on the Budget on the topic of reexamining the economic costs of debt: "In recent months a new approach to national government budgets, deficits, and debts—Modern Money Theory (MMT)—has been the subject of discussion and controversy. [. . .] In this […]
Institute Senior Scholar L. Randall Wray to testify before the House Committee on the Budget, Wednesday, November 19 at 10:30 am
Senior Scholar L. Randall Wray testified before the House Committee on the Budget, November 20
Blog
Join Us for the 11th Minsky Summer Seminar
The Hyman P. Minsky Summer Seminar Levy Economics Institute of Bard College Blithewood Annandale-on-Hudson, N.Y. June 7–13, 2020 The Levy Economics Institute of Bard College is pleased to announce the 11th Minsky Summer Seminar will be held from June 7–13, 2020. The Seminar will provide a rigorous discussion of both the theoretical and applied aspects [...]
Working Paper No. 939
The Macroeconomic Loss Due to Violence against Women and Girls
Violence against women and girls (VAWG) is a widely recognized human rights violation with serious consequences for the health and well-being of women and their families. However, the wider ramifications of VAWG for businesses, communities, economies, and societies are only recently being recognized. Despite this recognition, there are few studies exploring how the economic and social […]
Working Paper No. 938
The Impact of the Bank of Japan’s Monetary Policy on Japanese Government Bonds’ Low Nominal Yields
Nominal yields for Japanese government bonds (JGBs) have been remarkably low for several decades. Japanese government debt ratios have continued to increase amid a protracted period of stagnant nominal GDP, low inflation, and deflationary pressures. Many analysts are puzzled by the phenomenon of JGBs’ low nominal yields because Japanese government debt ratios are elevated. However, […]
Working Paper No. 937
Indian Fiscal Federalism at the Crossroads
There is a growing recognition that fundamental changes are happening in Indian fiscal federalism ex post the abolition of the Planning Commission, the creation of the National Institution for Transforming India (NITI) Aayog, the constitutional amendment to introduce the Goods and Services Tax (GST), the establishment of the GST Council, and the historically high tax […]
Book Series
Challenges to Indian Fiscal Federalism
The principle of fiscal federalism enshrined in India’s Constitution is under severe strain today. This book is a key addition to understanding the challenges involved. The authors capture the implications of the abolition of the Planning Commission, the introduction of the controversial Goods and Services Tax regime, and formulation of Terms of Reference of the […]
Research Project Report
Macroeconomic and Microeconomic Impacts of Improving Physical and Social Infrastructure
Feminist economics has long emphasized the role of physical and social infrastructure as determinants of the time women spend on household production (the provision of unpaid domestic services and care). Surprisingly, there is a lack of studies that directly investigate how infrastructure improvements affect the time spent on household production and commuting to work, which […]
Summary No. 3
Summary Fall 2019
This issue of the Summary features a Strategic Analysis identifying the four main structural problems for the US economy and how the feedback effects between them explain the 2007–9 crisis and account for the weak recovery that followed, as well as offering an estimate of the macroeconomic benefits of recent proposals designed to reduce inequality […]
Working Paper No. 936
Fiscal Reform to Benefit State and Local Governments
This paper will present the Modern Money Theory approach to government finance. In short, a national government that chooses its own money of account, imposes a tax in that money of account, and issues currency in that money of account cannot face a financial constraint. It can make all payments as they come due. It […]