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Levy Scholar Yeva Nersisyan featured by ABC News discussing federal government shutdown effects on Federal Reserve
October 02, 2025 “This makes life harder for the Fed,” Yeva Nersisyan, a professor of economics at Franklin & Marshall College, told ABC News. The loss of data arrived during an uneasy period for policymakers....more News -
Working Paper No. 1094Lebanon’s Eventual Transition to a Floating Exchange Rate System
October 01, 2025 Lebanon’s longstanding fixed exchange rate regime collapsed in the wake of the country’s 2019 financial crisis. This paper examines the underlying causes of the collapse, offering a new policy framework...more Publication -
EventLevy Graduate Programs Information Session October 10
Thinking about graduate school in economics? The Levy Institute programs in economic theory and policy may be just the transformative experience you’re looking for. Our info sessions provide an overview...more Event -
Release: Former Commissioner of the Bureau of Labor Statistics Erika McEntarfer ’95 Spoke at Bard College in First Public Remarks Since Dismissal
September 19, 2025 Hosted by the Levy Economics Institute, Bard alumna Erika McEntarfer ’95, former commissioner of the Bureau of Labor Statistics (BLS), spoke to an audience of Bard students, faculty, staff, and...more News -
Newest Class of Levy Graduate Students Welcomed to Blithewood
September 19, 2025 The beginning of September marked the arrival of our latest group of new Levy Graduate students. As these bright individuals embark on their intellectual journeys at the Levy Institute, learning...more News -
Watch Former BLS Commissioner Erika McEntarfer’s First Public Address Since Dismissal
September 19, 2025 News -
Working Paper No. 1093
“Trapped Inside a World of Labor”: Gender Gaps in Agricultural Productivity and Reproductive Labor in Malawi
September 19, 2025 This paper investigates the relationship between the work of reproductive labor and the efficiency of gender-segmented farm production in Malawi. It starts by presenting quantitative estimates of the gender gap...more Publication -
Working Paper No. 1092
Recent Initiatives in Improving the Collection of Time-use Data for Measuring Work: Some Issues
September 19, 2025 Time-use data are expected to help in understanding and addressing critical socioeconomic concerns including gender inequalities in a country. The data also help in integrating gender into economic analysis and...more Publication -
Policy Note No. 2025/7No, the Fed Is NOT Independent—It Is a Creature of Congress
September 19, 2025 In response to President Trump’s attack on the Federal Reserve, the natural critics of misguided monetary policy find themselves defending the Fed and the notion that the Fed is—and must...more Publication -
Working Paper No. 1091
Banking on Payments?
September 04, 2025 For the past hundred years or more, payments have been primarily associated with banking, and banking as we know it today—being the result of many centuries of evolution—features a bundling...more Publication -
EventWelcome to Levy Economics: What It Is and Why It Matters | James K. Galbraith
In this virtual discussion, Senior Scholar James K. Galbraith (University of Texas at Austin & Levy Economics Institute) will explore a powerful idea: how the tools of economics shape the economic world itself....more Event -
BlogClimate Catastrophe and the Second Coming
August 21, 2025 Back in the early 2000s, financial market participants would wisecrack that unlikely events that should happen once in 10,000 years were occurring every month. We know where that led—to the Global Financial Crisis. Everything crashed. The Fed had to spend and lend $29 trillion to bail out the world’s financial system. It took economies a [...] Blog -
Policy Note No. 2025/6The USMCA Is Not Competitive Against China
August 21, 2025 The governments of the US and Canada are pressuring Mexico not to import products or accept investments from China, such that Mexico would be forced to import products from them...more Publication -
Watch President Pavlina Tcherneva on C-SPAN: “Labor Market Dislocations and the Impact of Climate Change”
August 19, 2025 On Monday, August 18, Levy President Pavlina R. Tcherneva appeared on C-SPAN along with Representative Sean Casten (D-IL) and other experts during the segment hosted by Public Citizen, titled “Heat &...more News -
Working Paper No. 1090
Education and Economic Isolation
August 14, 2025 This study examines the impact of the Gaza blockade on private returns to education, with a focus on regional and gender disparities in the Palestinian territories. Using data from the...more Publication -
EventThe Importance of Official Data in Assessing Economic Conditions | Erika McEntarfer
Following the events of August 1, 2025, when the world saw President Trump question the integrity of one of the most widely used government data sources, the Levy Institute was...more Event -
EventLevy Graduate Programs Information Session August 22nd
Thinking about graduate school in economics? The Levy Institute programs in economic theory and policy may be just the transformative experience you’re looking for. Our info sessions provide an overview...more Event -
BlogSeminar on Modern Monetary Theory and Launch of New Macroeconomics
August 08, 2025 On July 19, 2025, the Seminar on Modern Monetary Theory and the Launch of New Macroeconomics was held in the main hall of the Mingde Building (明德楼) at Renmin University （人民大学）of China. The event was jointly hosted by the School of Economics at Renmin University, the Central Compilation and Translation Press, and the Ministry of [...] Blog -
Levy Institute Collaboration with University of Ghana and Stellenbosch on “Gendered Aspects of Economic Security” in Cape Town
August 08, 2025 With support from the William & Flora Hewlett Foundation and in collaboration with the University of Ghana and Stellenbosch Business School, the Levy Institute is holding “Gendered Aspects of Economic...more News -
Working Paper No. 1089
Rising Temperatures, Falling Yields: The Effect of Climate Shocks on Olive Oil Production in Palestine
August 07, 2025 This study investigates the effect of climate shocks on olive oil production in Palestine, a region acutely vulnerable to both environmental change and political instability. We estimate the influences of...more Publication -
President Pavlina R. Tcherneva weighs in on recent BLS report: “It wasn’t terribly surprising”
August 05, 2025 Listen to the perspectives from Levy President Pavlina R. Tcherneva and other economists regarding recent labor market statistics as reported in Friday’s BLS jobs report. You can hear the report...more News -
Working Paper No. 1088
The Job Guarantee: Lessons from Argentina’s Jefes Plan and Its Reform
August 01, 2025 According to current macroeconomic models, there is a need to maintain a natural rate of unemployment to contain inflation. Put simply, unemployment is considered an (inevitable) cost of price stability....more Publication -
Policy Note No. 2025/5Working Harder, Paying Less: Wage Suppression in Greece
July 30, 2025 The state of the labor market in Greece exemplifies the socioeconomic damage caused by austerity.[i] More than 15 years into a recession that has proven both deep and enduring, signs...more Publication -
Working Paper No. 1087
A Model of External Debt Sustainability and Monetary Hierarchy
July 30, 2025 The author develops a dynamic macroeconomic model of a small open economy to identify two key vulnerabilities that prevent emerging markets from fully integrating into global markets: high financial integration...more Publication