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19th Annual Hyman P. Minsky Conference on the State of the US and World Economies
A conference organized by the Levy Economics Institute of Bard College with support from the Ford foundation From his extensive research, Hyman Minsky was convinced that economic systems are prone to financial instability and crisis, and urged that lessons be learned from the crisis of 1929–1933 so that “it”—the Great Depression—could not happen again. This […] -
Public Policy Brief Highlight No. 109
The Trouble with Pensions
Pension funds have taken a big hit during the current financial crisis, with losses in the trillions of dollars. In addition, both private and public pensions are experiencing significant funding shortfalls, as is the government-run Pension Benefit Guaranty Corporation, which insures the defined-benefit pension plans of private American companies. Yeva Nersisyan and Senior Scholar L. […] -
Public Policy Brief Highlight No. 108
Why President Obama Should Care About “Care”: An Effective and Equitable Investment Strategy for Job Creation
In his State of the Union address President Obama acknowledged that “our most urgent task is job creation”—that a move toward full employment will lay the foundation for long-term economic growth and ensure that the federal government creates the necessary conditions for businesses to expand and hire more workers. According to a new study by […] -
Public Policy Brief Highlight No. 107
No Going Back: Why We Cannot Restore Glass-Steagall’s Segregation of Banking and Finance
The purpose of the 1933 Banking Act—aka Glass-Steagall—was to prevent the exposure of commercial banks to the risks of investment banking and to ensure stability of the financial system. A proposed solution to the current financial crisis is to return to the basic tenets of this New Deal legislation. Senior Scholar Jan Kregel provides an […] -
Report No. 2
Report April 2010
The April Report highlights a brief by Institute scholars that finds that social sector investment generates more jobs than infrastructure spending or investing in green energy. The issue also includes a summary of our latest Strategic Analysis, which concerns the various policy actions required to emerge from the current recession. NEW PUBLIC POLICY BRIEF Why […] -
Press Release
Leading Economists and Policymakers to Discuss Aftermath of Financial Crisis at the Levy Economics Institute’s 19th Annual Hyman P. Minsky Conference, in New York City, April 14-16
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Summary No. 2
Summary Spring 2010
This issue leads off with an updated Strategic Analysis that confirms the necessity of strong policy action to achieve full employment in the medium term, including a persistently high government deficit in the short term. This implies a growing public debt, which is sustainable as long as interest rates are kept at the current low […] -
Press Release
High Unemployment Poses Greater Risk to Future Generations than Growing Government Debt, New Study from Levy Economics Institute Says
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Public Policy Brief No. 110
Toward True Health Care Reform: More Care, Less Insurance
The United States has the most expensive health care system in the world, yet its system produces inferior outcomes relative to those in other countries. This brief examines the health care reform debate and argues that the basic structure of the health care system is unlikely to change, because “reform” measures actually promote the status […] -
Working Paper No. 591
Global Imbalances, the US Dollar, and How the Crisis at the Core of Global Finance Spread to “Self-Insuring†Emerging Market Economies
This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard since mid-2008. Their deteriorating fortunes are […] -
Working Paper No. 590
Determining Gender Equity in Fiscal Federalism: Analytical Issues and Empirical Evidence from India
Despite the policy realm’s growing recognition of fiscal devolution in gender development, there have been relatively few attempts to translate gender commitments into fiscal commitments. This paper aims to engage in this significant debate, focusing on the plausibility of incorporating gender into financial devolution, with the Thirteenth Finance Commission of India as backdrop. Given the […] -
Public Policy Brief No. 109
The Trouble with Pensions
Pension funds have taken a big hit during the current financial crisis, with losses in the trillions of dollars. In addition, both private and public pensions are experiencing significant funding shortfalls, as is the government-run Pension Benefit Guaranty Corporation, which insures the defined-benefit pension plans of private American companies. Yeva Nersisyan and Senior Scholar L. […]