Filter by
3496 results found
-
Working Paper No. 887Trump’s Bait and Switch
March 20, 2017 President Trump’s faux populism may deliver some immediate short-term benefits to the economy, masking the devastating long-term effects from his overall policy strategy. The latter can be termed “welfare state...more Publication -
Working Paper No. 886
How Germany’s Anti-Keynesianism Has Brought Europe to Its Knees
March 03, 2017 This paper investigates the (lack of any lasting) impact of John Maynard Keynes’s General Theory on economic policymaking in Germany. The analysis highlights the interplay between economic history and the...more Publication -
BlogIndia’s Unexplored “Bill of Rights”: A Tool for Gender-Sensitive Public Policy
March 03, 2017 The Justice Verma Committee submitted its report on January 23, 2013. In addition to recommendations for reforming laws related to sexual violence, harassment, and trafficking, it provided a comprehensive framework for gender justice through a proposed “Bill of Rights.” The Verma Committee’s recommendations are still waiting to be transformed into public policy. We must not forget [...] Blog -
Working Paper No. 885
Quality of Statistical Match of Household Budget Survey and SILC for Turkey
February 27, 2017 This paper presents the quality analysis of the statistical matching conducted for a research study on household consumption behavior, household indebtedness, and inequality for Turkey. The match has been done...more Publication -
Working Paper No. 884
Gendered Patterns of Time Use over the Life Cycle
February 24, 2017 Using data from the 2006 Turkish Time-Use Survey, we examine gender differences in time allocation among married heterosexual couples over the life cycle. While we find large discrepancies in the...more Publication -
Working Paper No. 883
Fiscal Policy, Economic Growth and Innovation
February 24, 2017 This paper analyzes the effectiveness of public expenditures on economic growth within the analytical framework of comprehensive Neo-Schumpeterian economics. Using a fixed-effects model for G20 countries, the paper investigates the...more Publication -
Blog
“America First” and Financial Stability: 26th Minsky Conference
February 16, 2017 REGISTRATION IS NOW OPEN: April 18–19, 2017 Levy Economics Institute of Bard College Blithewood Annandale-on-Hudson, New York 12504 The 2017 Minsky Conference will address the implications of the new administration’s “America First” policies, focusing on the outlook for trade, taxation, fiscal, and financial regulation measures to generate domestic investments capable of moving the growth rate beyond [...] Blog -
Blog
L. Randall Wray on MMT and Positive Money
February 16, 2017 [iframe width=”427″ height=”240″ src=”https://www.youtube.com/embed/-7StbLkjBQk?;start=135″ frameborder=”0″ allowfullscreen></iframe] Blog -
Greece’s Economy Minister Confident of Reaching Deal with Creditors
February 09, 2017 Minister Dimitri B. Papadimitriou expects agreement to be reached at February 20 Eurogroup meeting. News -
Public Policy Brief No. 143Brazil Still in Troubled Waters
February 07, 2017 Since inheriting the Brazilian presidency five months ago, the new Temer administration has successfully ratified a constitutional amendment imposing a radical, two-decades-long public spending freeze, purportedly aimed at sparking an...more Publication -
One-Pager No. 53Falling Labor Force Participation
February 06, 2017 Aging demographics, “social shifts,” and other supply-side and institutional factors have commonly been blamed for the fall in the US labor force participation rate. However, depressed labor force participation for...more Publication -
Public Policy Brief No. 142
Full Employment: Are We There Yet?
February 03, 2017 Flavia Dantas and L. Randall Wray argue that the emerging conventional wisdom—that the US economy has reached full employment—is flawed. The unemployment rate is not providing an accurate picture of...more Publication -
Working Paper No. 882
Investing in Social Care Infrastructure and Employment Generation
January 13, 2017 This paper examines the aggregate and gender employment impact of expanding the early childhood care and preschool education (ECCPE) sector in Turkey and compares it to the expansion of the...more Publication -
Working Paper No. 881
The Long-run Determinants of Indian Government Bond Yields
January 11, 2017 This paper investigates the long-term determinants of Indian government bonds’ (IGB) nominal yields. It examines whether John Maynard Keynes’s supposition that short-term interest rates are the key driver of long-term...more Publication -
Working Paper No. 880
The Great Recession and Racial Inequality
January 04, 2017 The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses...more Publication -
Blog
Xmas Cheer: The Debt Is Not Our Biggest Problem
December 31, 2016 Why do so many pundits and politicians, including the future director of the Office of Management and Budget, beat the debt drum so loudly and so often? It’s one of the most effective, and most abused, wedge issues in American politics. by Kerry Pechter The nomination of Mick Mulvaney—deficit hawk, three-term Republican congressman from South [...] Blog -
Working Paper No. 879
Distribution-led Growth through Methodological Lenses
December 22, 2016 This paper presents a methodological discussion of two recent “endogeneity” critiques of the Kaleckian model and the concept of distribution-led growth. From a neo-Keynesian perspective, and following Kaldor (1955) and...more Publication -
Blog
“Stimulus” Isn’t the Best Reason to Support (or Oppose) Infrastructure Spending
December 15, 2016 A little while back, Pavlina Tcherneva appeared with Bloomberg’s Joe Weisenthal to talk about the potential infrastructure policy of president-elect Donald Trump. She noted that, contrary to initial assumptions, the upcoming administration may not end up pushing public-debt-financed infrastructure spending, and that if the program simply amounts to tax incentives and public-private partnerships, it won’t [...] Blog -
Working Paper No. 878
The Short- and Long-run Inconsistency of the Expansionary Austerity Theory
December 12, 2016 This paper provides a critical analysis of expansionary austerity theory (EAT). The focus is on the theoretical weaknesses of EAT—the extreme circumstances and fragile assumptions under which expansionary consolidations might...more Publication -
Blog
Call for Papers: Gender and Macro Workshop in NYC
November 30, 2016 New York City September 13–15, 2017 A workshop organized by the Levy Economics Institute of Bard College with the generous support of The William and Flora Hewlett Foundation The goal of this workshop is to advance the current framework that integrates gender and unpaid work into macroeconomic analysis and enables the development of gender-aware and [...] Blog -
Blog
Can Financial Regulatory Changes Help Jumpstart Long-Term Investment?
November 15, 2016 In a presentation here at the Levy Institute, Emilios Avgouleas argued that financial regulatory changes since the crisis have become so complex they represent a source of financial instability, and that new liquidity and capital requirements have contributed to the problem of “short-termism” in finance. Avgouleas proposed regulatory simplification and a reorientation that would create greater [...] Blog -
Working Paper No. 877
Financial Stability and Secure Currency in a Modern Context
November 15, 2016 Against the background of modern-day monetary proposals, ranging from a return to the gold standard to the wholesale abolition of currency, this paper seeks to draw implications from David Ricardo’s...more Publication -
Blog
Apply Now for the 2017 Minsky Summer Seminar
October 24, 2016 If you’re a grad student or just starting out your career and want to learn more about the work of Hyman Minsky and Wynne Godley, and wouldn’t mind doing so in a turn-of-the-century manor on the banks of the Hudson, you’re in luck. The Levy Institute’s annual Minsky Summer Seminar is now accepting applications for the June 2017 session: The [...] Blog