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Working Paper No. 429
Bad for Euroland, Worse for Germany
This paper assesses the contribution of the European Central Bank (ECB) to Germany’s ongoing economic crisis, a vicious circle of decline in which the country has become stuck since the early 1990s. It is argued that the ECB continues the Bundesbank tradition of asymmetric policymaking: the bank is quick to hike, but slow to ease. […]
Press Release
Levy Institute Conference Gathers Leading Economists, Social Scientists, and Other Well-Being, Valuing Unpaid Household Production, and Other Topics
Audio
Time Use and Economic Well-Being
This conference was organized as part of the Levy Institute’s research and policy program of the distribution of income and wealth. Its purpose was to cover issues and topics related to time allocation. Presentations focus on utilizing time-use data in investigating the determinants of time allocation by gender and other demographic and economic characteristics (e.g., […]
Report No. 4
Report October 2005
A new Levy Institute Strategic Analysis examines the current states of the economy’s main balances and proposes an alternative to the piecemeal protectionist measures that some have advocated. The authors argue that some of the dire events in their baseline scenario—which shows that the balance of trade is likely to deteriorate by the end of […]
Audio
UNDP/BDP–Levy Conference: Unpaid Work and the Economy
Organized by the Bureau for Development Policy, United Nations Development Programme, in partnership with The Levy Economics Institute of Bard College View Conference Website The purpose of convening this conference was to share views, research, and methodologies from around the world, on women’s unpaid work and its relationship to the economy within the context of […]
Conference Proceedings
UNDP/BDP–Levy Conference: Unpaid Work and the Economy
Organized by the Bureau for Development Policy, United Nations Development Programme, in partnership with The Levy Economics Institute of Bard College View Conference Website The purpose of convening this conference was to share views, research, and methodologies from around the world on women’s unpaid work and its relationship to the economy within the context of […]
Policy Notes No. 6
Social Security’s 70th Anniversary
Social Security turned 70 on August 14, although no national celebration marked the occasion. Rather, our top policymakers in Washington continue to suggest that the system is “unsustainable.” While our nation’s most successful social program, and among its longest lived, has allowed generations of Americans to live with dignity in retirement, many think it is […]
Press Release
Social Security Needs Gradual Reform, Not Sweeping Overhaul, Levy Scholar Says
Fed can handle reserves to keep US rates on target
Copyright 2005 The Financial Times Limited (London, England) Wednesday, September 21, 2005; Financial Times; USA Edition; Letters to the Editor Sir, In his article, “Only leadership can defuse America’s fiscal time-bomb” (September 15), Jagadeesh Gokhale claims that US fiscal deficits will force the Fed to face a “surfeit of Treasuries,” leading it to put too many dollars […]
Press Release
International Effort Needed to Address Serious Economic Threats Posed by US Trade Imbalance, New Levy Study Says
Summary No. 3
Summary Fall 2005
In a new Policy Note, Distinguished Scholar Wynne Godley observes that the state of aggregate demand in the United States is precariously based, as private debt and borrowing cannot continue to provide the motor for expansion for more than a couple of years, particularly if interest rates continue to rise. The risk is a return […]
Strategic Analysis
The United States and Her Creditors
The main arguments in this paper can be simply stated: 1) If output in the United States grows fast enough to keep unemployment constant between now and 2010, and if there is no further depreciation in the dollar, the deficit in the balance of trade is likely to get worse, perhaps reaching 7.5 per cent […]