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BlogTcherneva: The Biggest Existential Threat to the Eurozone Is Its Design
[iframe width=”427″ height=”240″ src=”https://www.youtube.com/embed/EOFjduXU9N8?;start=1289″ frameborder=”0″ allowfullscreen></iframe] Related: “Euroland’s Original Sin” (pdf) -
Press ReleaseLeading Economists and Policymakers to Discuss US Economic Growth and Employment in the Context of the Global Economy at the Levy Economics Institute’s 25th Annual Hyman P. Minsky Conference, April 12–13
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Working Paper No. 862Japan’s Liquidity Trap
Japan has experienced stagnation, deflation, and low interest rates for decades. It is caught in a liquidity trap. This paper examines Japan’s liquidity trap in light of the structure and performance of the country’s economy since the onset of stagnation. It also analyzes the country’s liquidity trap in terms of the different strands in the […] -
Press Release
Structural Weaknesses and Instability of Global Economy Keep US Economy on Fragile Ground, New Levy Economics Institute Study Says
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Blog
Bloomberg: Modern Money Theory Gaining Converts
Bloomberg just published an article focused on the rise of Modern Money Theory (MMT), featuring comments by Senior Scholar Randall Wray: The 20-something-year-old doctrine, on the fringes of economic thought, is getting a hearing with an unconventional take on government spending in nations with their own currency. Such countries, the MMTers argue, face no risk of fiscal crisis. [...] -
Ignored for Years, a Radical Economic Theory Is Gaining Converts
In an American election season that’s turned into a bonfire of the orthodoxies, one taboo survives pretty much intact: Budget deficits are dangerous. A school of dissident economists wants to toss that one onto the flames, too…. Read more: http://www.bloomberg.com/news/articles/2016-03-13/ignored-for-years-a-radical-economic-theory-is-gaining-converts -
Blog
As the Euro Time Bomb Ticks Away the ECB Turns Desperate
These are not happy times for Europe. Ukraine, Russia, and rising anti-democratic influences in Hungary and Poland represent latent threats at the European Union’s eastern front. The prospect of Brexit is a more acute one at its western front. After letting loose manifold conflicting forces that continue shaping internal politics in many EU countries and [...] -
Strategic AnalysisDestabilizing an Unstable Economy
Our latest strategic analysis reveals that the US economy remains fragile because of three persistent structural issues: weak demand for US exports, fiscal conservatism, and a four-decade trend in rising income inequality. It also faces risks from stagnation in the economies of the United States’ trading partners, appreciation of the dollar, and a contraction in […] -
Blog
Tcherneva on the Jobs Numbers
[iframe width=”427″ height=”240″ src=”https://www.youtube.com/embed/zNM-C6F8B_A?;start=795″ frameborder=”0″ allowfullscreen></iframe] -
MME, March 3, 2016
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Χρήσιμο εργαλείο η «εγγυημένη απασχόληση»
Kathimerini, 3 Μαρτίου 2016. Με επιφύλαξη παντός δικαιώματος. Οι σημαντικές δυνατότητες συμβολής του θεσμού της «εγγυημένης απασχόλησης» στην αντιμετώπιση της κρίσης αναδείχθηκαν σε εκδήλωση που διοργάνωσαν το Ιδρυμα Friedrich Ebert, το Levy Economics Institute και το Ινστιτούτο Εργασίας της ΓΣΕΕ…. Διαβάστε περισσότερα κάνοντας ΚΛΙΚ ΕΔΩ: http://www.kathimerini.gr/851774/article/oikonomia/epixeirhseis/xrhsimo-ergaleio-h-eggyhmenh-apasxolhsh -
e-Pamphlet
Rising Corporate Concentration, Declining Trade Union Power, and the Growing Income Gap
Jordan Brennan, of Unifor and the Canadian Centre for Policy Alternatives, examines the rise of income inequality and the deceleration of economic growth in the United States in this two-part analysis. The first section explores the consolidation of corporate power, through mergers and acquisitions, between 1895 and 2013, and finds that reduced competition, declines in […]