Filter by
4190 results found
-
Press ReleaseLevy Institute Distinguished Scholar Wynne Godley Issues Warning about Surging Trade Deficit and Private Debt
-
Working Paper No. 421A Simplified Stock-flow Consistent Post-Keynesian Growth Model
Despite being arguably the most rigorous form of structuralist/post-Keynesian macroeconomics, stock-flow consistent models are quite often complex and difficult to deal with. This paper presents a model that, despite retaining the methodological advantages of the stock-flow consistent method, is intuitive enough to be taught at an undergraduate level. Moreover, the model can easily be made […] -
Press Release
Leading Policymakers and Economists to Explore Economic Imbalances and Their Impact at Levy Institute Conference on April 21–22
-
Report No. 2Report April 2005
A new Strategic Analysis by the Levy Institute’s Macro-Modeling Team assesses the main sector balances, all of which are now deficits. The private sector, led by personal borrowing, is now running a deficit approaching 2 percent of GDP; although this trend has helped support the economy in the short term, it is unsustainable, given the […] -
Press Release
Encouraging Business Investment Could Stabilize US Economy, Says New Report from Levy Economics Institute
-
Working Paper No. 420
Is the Equalizing Effect of Retirement Wealth Wearing Off?
Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One of the most dramatic changes in the retirement income system over the last two decades has been a decline in traditional Defined Benefit (DB) pension plans and a sharp rise in Defined Contribution (DC) pensions. Using data […] -
Working Paper No. 419
FDIC-sponsored Self-Insured Depositors
Insured depositors have no reason to care how their banks perform or how safe they are. Only uninsured depositors have that incentive. This paper offers a plan to replace some insured deposits with uninsured deposits. The plan: the FDIC would guarantee loan contracts if the loan takers deposited the proceeds exclusively in uninsured deposits and […] -
Research Project ReportEconomic Well-Being in US Regions and the Red and Blue States
This report analyzes regional aspects of economic well-being according to four regions identified by the United States Census Bureau: the Northeast, Midwest, South, and West. Using the official measures and the Levy Institute Measure of Economic Well-Being (LIMEW), the authors examine how the average American household fared from 1989 to 2001 and discuss disparities in […] -
Strategic AnalysisHow Fragile Is the US Economy?
As we projected in a previous Strategic Analysis, the United States’ economy experienced growth rates higher than 4 percent in 2004. The question we want to raise in this Strategic Analysis is whether these rates will persist or come back down. We believe that several signs point in the latter direction. In what follows, we […] -
Working Paper No. 418
Asset Ownership along Gender Lines
Gender differences have long been documented in earnings, employment opportunities, and time spent within the unpaid care economy. This paper joins the recent efforts in the economics literature on gender differences in asset ownership. Specifically, it investigates whether a gender-specific composition in asset ownership between heads of households and spouses can be detected among low-income, […] -
Press Release
Bush Social Security Warnings Unfounded, Says New Report from Levy Economics Institute
-
Policy Notes No. 2Manufacturing a Crisis
For seven decades, the far right has never veered from its avowed mission to gut America’s most comprehensive, successful, and popular safety net: Social Security. While it had won a few small battles (most notably, the Greenspan Commission’s huge 1983 payroll tax hikes and two-year increase in the normal retirement age), its efforts never gained […]