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MME, March 26, 2013
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Ράνια Αντωνοπούλου: Όταν δεν μπορεί ο ιδιώτης, μπορεί το κράτος
TVSX, 26 Μαρτίου 2013 Τη λύση του κράτους, ως «εργοδότη ύστατης προσφυγής», εισηγείται για τη δραστική μείωση της ανεργίας σε συνέντευξή της στο tvxs η Ράνια Αντωνοπούλου, εκφράζοντας την άποψη ότι το κράτος μπορεί να αναλάβει προσωρινά μεγάλο αριθμό ανέργων, όπως έκανε το 1933 ο Ρούσβελτ (New Deal) και αντέγραψε το 2009 ο Ομπάμα. Το […] -
BlogKregel and Galbraith on the Euro Crisis
Earlier this month the Athens Development and Governance Institute and the Levy Economics Institute held a forum on the eurozone crisis: “Exiting the Crisis: The Challenge of an Alternative Policy Roadmap.” Below are the remarks delivered by senior scholars Jan Kregel and James Galbraith. -
Cyprus Bailout Could Rally U.S. Markets
The Associated Press, March 25, 2013. All Rights Reserved. The last-ditch effort to save the banking system in Cyprus should bring a rally when U.S. stock markets open today, according to several investment managers. Cyprus and its international creditors agreed early today on key elements of a deal for a 10-billion-euro ($13-billion) bailout. Cyprus’ second-biggest bank, […] -
Blog
Polychroniou on a Post-Keynesian Political Economy for the 21st Century
In a new, wide-ranging policy note, C. J. Polychroniou traces the roots and evolution of the present “era of global neoliberalism”; an era he portrays as mired in perpetual crisis and dysfunction, and ripe for change. [N]eoliberalism itself is more of an ideological construct than a solidly grounded theoretical approach or an empirically-derived methodology. In [...] -
Press ReleaseAusterity Budget Cuts Threaten to Undermine Economic Recovery and Keep Unemployment High, New Levy Study Says
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Press Release
Economic Catastrophe in Greece Highlights Failure of EU and IMF Neoliberal Economic Policies and Corruption and Ineptitute of Greece’s Domestic Political Elite, New Levy Study Says
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Strategic AnalysisIs the Link between Output and Jobs Broken?
As this report goes to press, the official unemployment rate remains tragically elevated, compared even to rates at similar points in previous recoveries. The US economy seems once again to be in a “jobless recovery,” though the unemployment rate has been steadily declining for years. At the same time, fiscal austerity has arrived, with the […] -
Strategic Analysis
Ισχύει ακόμη η σύνδεση παραγωγής και δημιουργίας θέσεων εργασίας;
Καθώς ετοιμάζεται να δημοσιευθεί η παρούσα έκθεση, η ανεργία παραμένει σε εξαιρετικά υψηλά επίπεδα ακόμη και σε σχέση με ανάλογα χρονικά σημεία από προηγούμενες περιόδους οικονομικής ανάκαμψης. Η οικονομία των ΗΠΑ φαίνεται να βιώνει για άλλη μια φορά μια «άνεργη» ανάκαμψη—αν και τα ποσοστά της ανεργίας μειώνονται σταθερά εδώ και χρόνια. Ταυτόχρονα, η δημοσιονομική λιτότητα […] -
Blog
Papadimitriou on the Cyprus Crisis
Yesterday, Dimitri Papadimitriou joined Ian Masters to discuss the response to the banking crisis in Cyprus. The plan on the table, in which Cypriot banks would impose a deposit tax (9.9 percent on deposits above €100,000, and 6.75 on deposits below that) in order to gain access to a €10 billion bailout from the troika, [...] -
Working Paper No. 759Wages, Exchange Rates, and the Great Inflation Moderation
Several explanations of the “great inflation moderation” (1982–2006) have been put forth, the most popular being that inflation was tamed due to good monetary policy, good luck (exogenous shocks such as oil prices), or structural changes such as inventory management techniques. Drawing from Post-Keynesian and structuralist theories of inflation, this paper uses a vector autoregression […] -
The Banking Crisis in Cyprus and the Targeting of Russian Deposits
March 18, 2013. Copyright © 2013 KPFK. All Rights Reserved. Pacifica Radio host Ian Masters interviews Levy Institute President Dimitri B. Papadimitriou about the banking meltdown in Cyprus that has revived concerns about the viability of the eurozone. They also look into the exposure that Russian companies and individuals have in troubled banks in Cyprus, where […]