Search

4212 results found

• 

  Public Policy Brief Highlight No. 73

  Asset and Debt Deflation in the United States

  In an asset and debt deflation, the process of reducing debt by saving and curtailing spending takes a long time, say authors Philip Arestis and Elias Karakitsos. Current imbalances and poor prospects for spending in the private sector affect the balance sheets of the commercial banks. The downward spiral between the banks and the private […]
• 

  Public Policy Brief Highlight No. 72

  What Is the American Model Really About?

  The “American Model” serves as a point of reference in discussions of economic policy around the world, especially in Europe. Many claim that the American version of the free market represents an ideal type—it is the highest form of capitalism. Senior Scholar James K. Galbraith argues, however, that the United States has relied heavily on […]
• 

  Public Policy Brief No. 73

  Asset and Debt Deflation in the United States

  In an asset and debt deflation, the process of reducing debt by saving and curtailing spending takes a long time, say authors Philip Arestis and Elias Karakitsos. Current imbalances and poor prospects for spending in the private sector affect the balance sheets of the commercial banks. The downward spiral between the banks and the private […]
• 

  Public Policy Brief No. 72

  What Is the American Model Really About?

  The “American Model” serves as a point of reference in discussions of economic policy around the world, especially in Europe. Many claim that the American version of the free market represents an ideal type—it is the highest form of capitalism. Senior Scholar James K. Galbraith argues, however, that the United States has relied heavily on […]
• 

  Press Release

  Imbalances in the US Economy Threaten to Undermine Stock Market Rally, According to New Levy Institute Study

• 

  Working Paper No. 385

  Macroeconomic Policies of the Economic Monetary Union

  This paper presents two issues: first, an effort to decipher the theoretical and policy framework of the Economic and Monetary Union (EMU); and second, an argument that the challenges to the EMU’s macroeconomic policies lie in their potential to achieve full employment and low inflation in the euro area. We conclude that the institutional and […]
• 

  Working Paper No. 384

  Minsky’s Acceleration Channel and the Role of Money

  Using Minsky (1986), this paper attempts to answer two questions: (1) How does policy affect real and nominal variables? and (2) How should monetary policy be conducted so as to improve the performance of the economy? Minsky asserted that rising interest rates, brought about by contractionary monetary policy, compromised the balance sheets of firms that […]
• 

  Working Paper No. 383

  Financial Sector Reforms in Developing Countries with Special Reference to Egypt

  Financial reforms, and financial liberalization in particular, have been at the root of many recent cases of financial and banking crises. In several countries financial reforms allowed real interest rates to reach levels exceeding 20 percent per annum in some cases; in other cases, banking and financial crises led to currency crises. National governments either […]
• 

  Policy Notes No. 3

  Caring for a Large Geriatric Generation

  The time has more than come to begin planning seriously for the aging of the baby-boom generation. The need for planning goes beyond concerns about the solvency of Social Security and Medicare. Another crisis looms in the form of a huge bill for the care of baby boomers who in their old age will need […]
• 

  Report No. 2

  Report June 2003

  This issue provides an overview of the Institute’s Annual Hyman P. Minsky Conference, the focus of which was the formulation of economic policy for sustainable growth; topices included the effects of low interest rates and the reemergence of budget deficits, the implications of ongoing current account deficits, and the potential for deflation in the American […]
• 

  Press Release

  Europe Should Emulate Big Government Successes of US Economy, New Levy Institute Study Says

• 

  Working Paper No. 382

  The Case for Fiscal Policy

  This paper reconsiders the case for the use of fiscal policy based on a “functional finance” approach that advocates the use of fiscal policy to secure high levels of demand in the context of private aggregate demand, which would otherwise be too low. This “functional finance” view means that any budget deficit should be seen […]