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MME, February 18, 2013
Δημήτρης Β. Παπαδημητρίου: «Το 2013 και το 2014 θα είναι ακόμη πιο ταραχώδη από το 2012»
ΑΥΓΗ, 17 Φεβρουαρίου 2013. All Rights Reserved. Ανάκαμψη προς το τέλος του 2013; Ούτε κατά διάννοια, μας λέει στη συνέντευξη που ακολουθεί ο κ. Δημήτρης Β. Παπαδημητρίου, πρόεδρος του διεθνούς φήμης Levy Economics Institute, Καθηγητής Οικονομικών στην έδρα “Jerome Levy” και εκτελεστικός αντιπρόεδρος του Bard College στη Νέα Υόρκη. Όχι μόνο αυτό, αλλά η κατάσταση […]
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Budget Wars Roundup
A couple of links worth sharing on the politics and policy of the budget debate. First, the Wall Street Journal reports that Alan Simpson and Erskine Bowles are coming out with a new deficit reduction plan, worth $2.4 trillion. If it’s anything like the last plan, every lawmaker will claim to love it, journalists will [...]
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No, the Euro Crisis Is Not Over. An Interview with Jörg Bibow
Jörg Bibow was recently interviewed by CJ Polychroniou in Kyriakatiki Eleftherotypia (Κυριακάτικη Ελευθεροτυπία).* An English transcript of the interview follows: Since Mario Draghi’s announcement last fall that the ECB will intervene with the purchase of government bonds, the euro crisis is in a state of relative calm. Is it over? And if not, what developments [...]
MME, February 17, 2013
Jörg Bibow: «Ο βασικός ένοχος της κρίσης είναι η Γερμανία»
Κυριακάτικη Ελευθεροτυπία, 17 Φεβρουαρίου 2013. All Rights Reserved. Στη συνέντευξη που ακολουθεί, ο ερευνητής του Ινστιτούτου Jorg Bibow εξηγεί τους λόγους για τους οποίους θεωρεί ότι η Γερμανία φέρει την κύρια ευθύνη για την κρίση στην ευρωζώνη, ενώ αμφισβητεί τον ισχυρισμό ότι έληξε η κρίση στην ευρωζώνη.
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More Data on the Golden Age of Postwar Austerity
Here’s yet another way of representing the fact that to the extent the United States has a “spending problem,” it is a problem of too little spending. From a speech by Janet Yellen, Vice Chair of the Federal Reserve: … discretionary fiscal policy hasn’t been much of a tailwind during this recovery. In the year following [...]
Working Paper No. 756
Long-Term Benefits from Temporary Migration
Utilizing a nationally representative sample of households from Sri Lanka, this study examines gender differences in the long-term impact of temporary labor migration. We use a propensity score matching (PSM) framework to compare households with return migrants, households with current migrants, and equivalent nonmigrant households in terms of a variety of outcomes. Our results show […]
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Event: Lewis and Taibbi on Fixing Wall Street
Salim B. “Sandy” Lewis in conversation with Matt Taibbi Tuesday, February 19, 7 pm Bard College, Annandale-on-Hudson, NY Room 103, Reem-Kayden Science Building Lewis will explore “Why Fixing Wall Street and the Economy Is Critical to the World” in a discussion with Matt Taibbi, the renowned political and financial columnist for Rolling Stone. The discussion will be moderated by [...]
Working Paper No. 755
The Economics of Inclusion
This paper presents a review of the literature on the economics of shared societies. As defined by the Club de Madrid, shared societies are societies in which people hold an equal capacity to participate in and benefit from economic, political, and social opportunities regardless of race, ethnicity, religion, language, gender, or other attributes, and where, […]
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Europe’s Perilous Quest for Stability
Europe’s currency union is built on two key principles. The first is that the central bank must be independent of political control and its policies squarely focused on maintaining price stability. The second is that fiscal policy must be disciplined and never threaten price stability. Price stability, in turn, is the foundation for economic stability [...]
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Reverse Pivot?
Is the era of the “grand bargain” over? That was the implication of a number of news stories that pre-framed last night’s speech. “When President Obama delivers his State of the Union address Tuesday evening,” wrote the Washington Post‘s Lori Montgomery, “here’s one thing you won’t hear: an ambitious new plan to rein in the national [...]