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BlogThe State of Labor, New Models of Organizing, and the Future of Work
The Levy Institute and SEIU 775 are cosponsoring a labor workshop at Bard College on April 20th. The workshop, which is free and open to the public, will focus on three major themes, each corresponding to a panel: The State of the American Labor Movement, The Future of Work, and New Models of Organizing and [...] -
Greek Debt: Do the Right Thing
Adjusting the terms of Greece’s debt repayment is an ethical imperative, says Levy President Dimitri Papadimitriou. -
Greek Debt: Do the Right Thing
Adjusting the terms of Greece’s debt repayment is an ethical imperative, says Levy President Dimitri B. Papadimitriou. -
Blog
The Plunging Euro and Its Muddled Cheerleaders
Greg Ip had a couple of pieces on currency wars and gyrations in the Wall Street Journal last week (here and here), essentially arguing that talk about currency warfare is much beside the point and that exchange rate gyrations are merely benevolent side-effects of monetary policies that will inevitably make the whole world better off. [...] -
Working Paper No. 835On the Determinants of Changes in Wage Inequality in Bolivia
In recent years, Bolivia has experienced a series of economic and political transformations that have directly affected the labor markets, particularly the salaried urban sector. Real wages have shown strong increases across the distribution, while also presenting a decrease in inequality. Using an intertemporal decomposition approach, we find evidence that changes in demographic and labor […] -
Blog
Beyond the Debt Negotiations: Greece’s New Deal?
The negotiations over Greece’s public debt and the terms of its bailout agreement have understandably taken center stage. Behind all the twists and turns, the key consideration is that even if the public debt could be repaid through continuing with austerity policies — and there is little reason to believe it can — it would [...] -
Blog
Wray: What’s Wrong with the Euro Setup?
In this March 7th presentation, L. Randall Wray argues that the central problem in the EMU is not profligate peripheral nations, trade imbalances, or insufficient “structural reform.” The fundamental issue, which can best be framed through an understanding of money, is a flawed setup — the EMU is designed to fail. La Asociación de Economía [...] -
MME, March 8, 2015
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Η αναδιάρθρωση του χρέους
Kathimerini, 8 Μάρτιος 2015. Με επιφύλαξη παντός δικαιώματος. Παρά τη σκληρή διαπραγμάτευση που έλαβε χώρα στο Eurogroup μεταξύ της νεοεκλεγείσας κυβέρνησης και των υπουργών Οικονομικών της Ευρωζώνης και τη συμφωνία για την παράταση της δανειακής σύμβασης επί τέσσερις μήνες, δεν βρέθηκε λύση για το δύσκολο πρόβλημα της βιωσιμότητας του ελληνικού χρέους. Και όμως η αναδιάρθρωση […] -
MME, March 7, 2015
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Το πρόβλημα του Ελληνικού δημόσιου χρέους
Capital.gr, 7 Μαρτίου 2015. Με επιφύλαξη παντός δικαιώματος. Η ελληνική οικονομική κρίση ξεκίνησε ως μια κρίση δημόσιου χρέους πριν από πέντε χρόνια. Ωστόσο, παρά την εφαρμογή της λιτότητας και ένα γενναίο «κούρεμα», το δημόσιο χρέος βρίσκεται σήμερα περίπου στο 175% του ελληνικού ΑΕΠ. Στο παρόν σημείωμα πολιτικής υποστηρίζουμε ότι το δημόσιο χρέος της Ελλάδας είναι […] -
TeorÃa monetaria moderna y trabajo garantizado
El Salmon Contracorriente, 5 Marzo 2015. Reservados todos los derechos. Randall Wray abrió el acto explicando al público una de las bases de su enfoque teórico: la apertura del discurso económico hacia una perspectiva distinta a la que se imparte en la universidad. El profesor estadounidense planteó que para criticar el actual modelo económico es […]