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BlogHow Much Fiscal Stimulus Do We Need?
How much fiscal stimulus would the government need to inject into the economy over the next two years in order to get the unemployment rate into the 5.5–5.9 percent range? In their newest strategic analysis, Dimitri Papadimitriou, Greg Hannsgen, and Michalis Nikiforos provide us with some harrowing answers. The authors lay out a scenario (“scenario [...] -
MME, March 27, 2013
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Η μεθόδευση της λεηλασίας του Νότου από την αυτοκρατορική Γερμανία
Η Αυγή, 27 Μάρτιος 2013. Με επιφύλαξη παντός δικαιώματος. H Κύπρος, έχοντας εξελιχθεί σε μια οικονομία παροχής χρηματοπιστωτικών υπηρεσιών «άκρως ανταγωνιστικών» προδιαγραφών, αποτελούσε πλυντήριο μαύρου χρήματος εδώ και δεκαετίες. Με την κατάρρευση του τραπεζικού της συστήματος, η Γερμανία επιτυγχάνει δύο στόχους: τη βέβαιη αποσύνδεση της Κύπρου από τη Ρωσία και την περαιτέρω ενίσχυση της ανταγωνιστικότητας […] -
Rethinking the State: Interview with Jan Kregel
“Rethinking the State” is a video project funded by the Ford Foundation and the Institute for New Economic Thinking (INET) with the aim of using the recent economic crisis to question assumptions behind economic theory and to rethink the role of the state, finance, and austerity in promoting growth and innovation. In the first of […] -
Working Paper No. 760Indirect Domestic Value Added in Mexico’s Manufacturing Exports, by Origin and Destination Sector
As domestic exports usually require imported inputs, the value of exports differs from the domestic value added contained in exports. The higher the domestic value added contained in exports, the higher the domestic national income created by exports will be. In this case, exports will expand the domestic market. Therefore, exports will push economic growth […] -
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 […] -
Blog
Kregel 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, […] -
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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