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Fed President James Bullard at the Minsky Conference in New York: Monetary policy “too blunt” to lower high unemployment levels.
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BlogInternational Conference on Applied Business and Economics
October 2—4, 2013 International Conference on Applied Business and Economics The Levy Institute is cosponsoring the 2013 edition of the International Conference on Applied Business and Economics (ICABE), which will be held in Manhattan at the John Jay College of Criminal Justice, City University of New York. The main goal of this annual conference is [...] -
MME, July 21, 2013
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Επίκαιρος ξανά ο Χάιμαν Μίνσκι στην εποχή της ευρωκρίσης
Του Χ. Ι. Πολυχρονίου Κυριακάτικη Ελευθεροτυπία, 21 Ιουλίου 2013. Με επιφύλαξη παντός δικαιώματος. Στο κείμενο, ο Ερευνητής και Policy Fellow του Levy Economics Institute Χ. I. Πολυχρονίου αναφέρεται στην συνεισφορά του Χάιμαν Μίνσκι στα οικονομικά και εξηγεί γιατί οι αναλύσεις του για τις χρηματοπιστωτικές φούσκες και την αντιμετώπιση της ανεργίας και της φτώχειας παραμένουν επίκαιρες […] -
MME, July 20, 2013
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Ανεργία στο 34% το 2016 βλέπει για την Ελλάδα το ινστιτούτο Levy
NewMoney.gr, 20 Ιουλίου 2013. Με επιφύλαξη παντός δικαιώματος. Τις πραγματικές τάσεις της οικονομίας με βάση την εφαρμοζόμενη πολιτική της λιτότητας , αλλά και την εναλλακτική τροχιά που θα μπορούσε να ακολουθήσει υπό προϋποθέσεις, παρουσιάζει έκθεση του Οικονομικού Ινστιτούτου Levy. Είναι χαρακτηριστικό ότι στη συγκεκριμένη έκθεση υπό τον τίτλο “Η ελληνική οικονομική κρίση και η εμπειρία […] -
Working Paper No. 769Quality of Statistical Match and Simulations Used in the Estimation of the Levy Institute Measure of Time and Consumption Poverty (LIMTCP) for Turkey in 2006
The quality of match of the statistical match used in the Levy Institute Measure of Time and Consumption Poverty (LIMTCP) estimates for Turkey in 2006 is described. The match combines the 2006 Zaman Kullanim Anketi (ZKA 2006) with the 2006 Hanehalki Bütçe Anketi (HBA 2006). These are the national time-use survey and household income and […] -
Blog
A New Modest Proposal for the Euro Crisis
Yanis Varoufakis and Stuart Holland have come out with a new version of their “Modest Proposal” for resolving the euro crisis (an earlier version of the Proposal appeared as a Levy Institute policy note in 2011). The latest iteration (4.0) adds a new co-author in James Galbraith and an additional “sub-crisis” to the original three: [...] -
Blog
A Quantum of Herring
Casey B. Mulligan, of whom I have written before, has a new post on the New York Times Economix blog, in which he attempts to school the less wise what policy impact assessment is all about. It is not about Red Herrings, for example. He references one of his recent posts that I opted to [...] -
Blog
How BIG is BIG Enough: Would the Basic Income Guarantee Satisfy the Unemployed?
(This is a prequel, Part 1 on BIG; I already did Part 2. Sorry it is longish, but not technical.) Last week I criticized an article by Allan Sheahan who argued that “Jobs Are Not the Answer” to America’s unemployment problem. The thesis was based on two propositions. First, labor productivity has grown so we’d [...] -
Blog
A New Stock-Flow Model for Greece Shows the Worst Is Yet to Come
Dimitri Papadimitriou, Gennaro Zezza, and Michalis Nikiforos have put together a stock-flow consistent model for Greece in order to analyze the path of that nation’s struggling economy and assess alternatives to reigning austerity policies. This is a macroeconomic model based on the New Cambridge approach of Wynne Godley and is the same sort of model [...] -
Blog
Deficit Lovers?
Here’s a piece from yesterday’s NYTimes by Annie Lowrey: “Warren Mosler, a Deficit Lover With a Following.” In the piece, Lowrey quotes blogger Mark Thoma as follows: “They [followers of MMT] deny the fact that the government use of real resources can drive the real interest rate up,” said Mark Thoma, an economics professor and [...]