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Levy Economics Institute President Dissects the Myth of the Greek “Success Story”
Truthout, May 4, 2014. All Rights Reserved. When the global financial crisis of 2008 reached Europe’s shores sometime in late 2009, Greece was the first victim of the euro system’s failure. Facing persistently large deficits and very high public debt levels, the country ended up being shut out of the global bond markets, raising the […] -
MME, May 4, 2014
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«Η ελληνική οικονομία μοιάζει με έναν άγρια ξυλοδαρμένο πυγμάχο»
Eleftherotypia, 4 Μαΐου 2014. Με επιφύλαξη παντός δικαιώματος. Θα ήταν πράγματι ειρωνικό αν οι ψηφοφόροι, παρά τις καταστροφικές συνέπειες που εξακολουθούν να υπομένουν, συνεχίσουν να στηρίζουν με την ψήφο τους τη σημερινή ευρωπαϊκή ηγεσία. Αυτό θα ήταν αυτομαστίγωση Τα αποτελέσματα της διάσωσης της Ελλάδας διχάζουν. Από τη μια μεριά, η φράου Μέρκελ και οι Ευρωπαίοι […] -
Research Project ReportTime Deficits and Poverty
Official poverty lines in Turkey and other countries often ignore the fact that unpaid household production activities that contribute to the fulfillment of material needs and wants are essential for the household to reproduce itself as a unit. This omission has consequences. Taking household production for granted when measuring poverty yields an unacceptably incomplete picture, […] -
Working Paper No. 798Quality of Match for Statistical Matches Using the American Time Use Survey 2010, the Survey of Consumer Finances 2010, and the Annual Social and Economic Supplement 2011
This paper describes the quality of the statistical matching between the March 2011 supplement to the Current Population Survey and the 2010 American Time Use Survey and Survey of Consumer Finances, which are used as the basis for the 2010 LIMEW estimates for the United States. In the first part of the paper, the alignment […] -
Press ReleaseRising Inequality and Dependence on Excessive Private Borrowing Threaten Sustainability of US Economic Recovery, New Levy Economics Institute Study Says
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CEA’s Furman Looks at “Great Moderation”
MoneyNews, April 30, 2014. All Rights Reserved. Jason Furman, the brilliant economist who chairs the Council of Economic Advisers, spoke recently at the 23rd Annual Hyman Minsky Conference, sponsored by the Levy Economics Institute of Bard College. The title of Furman’s presentation was "Whatever Happened to the Great Moderation?" He argued that with the right […] -
Rep. Maloney Attacks Ryan Budget — Part I
MoneyNews, April 28, 2014. All Rights Reserved. Rep. Carolyn Maloney, D-N.Y., spoke at the 23rd Annual Hyman P. Minsky Conference, held in Washington at the National Press Club recently. The conference was sponsored by the Levy Economics Institute of Bard College, an independent group that “encourages diversity of opinion in the examination of economic policy […] -
Strategic AnalysisIs Rising Inequality a Hindrance to the US Economic Recovery?
The US economy has been expanding moderately since the official end of the Great Recession in 2009. The budget deficit has been steadily decreasing, inflation has remained in check, and the unemployment rate has fallen to 6.7 percent. The restrictive fiscal policy stance of the past three years has exerted a negative influence on aggregate […] -
Strategic Analysis
Αποτελεί η αυξανόμενη ανισότητα εμπόδιο στην οικονομική ανάκαμψη των ΗΠΑ;
Η οικονομία των Ηνωμένων Πολιτειών αναπτύσσεται με μέτριο ρυθμό μετά από την επίσημη λήξη της Ύφεσης το 2009. Το έλλειμμα του προϋπολογισμού μειώνεται σταθερά, ο πληθωρισμός βρίσκεται υπό έλεγχο και το ποσοστό ανεργίας μειώθηκε από 9,8% στο 6,7% (τον Μάρτιο του 2014). Η περιοριστική δημοσιονομική πολιτική των τελευταίων τριών ετών έχει ασκήσει αρνητική επίδραση στη […] -
BlogThe Reality of the Present and the Challenge of the Future: Fagg Foster for the 21st Century
(Here is a presentation I gave at the University of Denver at the annual J. Fagg Foster honors ceremony. Most of you will not know of Foster, but you should. While he did not publish much, he was the professor of a number of prominent institutionalists who attended DU in the early postwar period. I [...] -
Working Paper No. 797
Gender-responsive Budgeting as Fiscal Innovation
Gender-responsive budgeting (GRB) is a fiscal innovation. Innovation, for the purposes of this paper, is defined as a way of transforming a new concept into tangible processes, resources, and institutional mechanisms in which a benefit meets identified problems. GRB is a fiscal innovation in that it translates gender commitments into fiscal commitments by applying a […]