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Emmanouil Karakostas
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Aashima Sinha
Aashima Sinha is a research scholar in the Institute’s Gender Equality and the Economy program. Her research interests span the fields of feminist, development, and labor economics. Currently, her research focuses on the micro- and macroeconomic implications of social reproduction. She investigates the gender-differentiated effects of unpaid care work time on the well-being outcomes of [...] People -
Nischal Dhungel
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Yousuf Daas
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Working Paper No. 1110Speculation or Fundamentals? European Natural Gas Price Swings Post 2020
March 30, 2026 We investigate the role of speculation in the European natural gas market over the period 2020–2024, a period marked by extreme price volatility driven by the energy crisis following Russia’s...more Publication -
Working Paper No. 1109
The Evolution of Income Inequality in the United States, Its Consequences, and Some Policy Measures
March 30, 2026 This paper discusses the key concepts and main stylized facts concerning household real income and income inequality in the United States in recent decades. It explains the widely used summary...more Publication -
EventLevy Master’s Alumni Panel + Q&A
Join Thomas Masterson, Director of Levy’s Graduate Programs, and Tyler Emerson, Levy’s Recruiter, in conversation with Levy Alumni about their careers in academia, public policy, and the private sector. We...more Event -
Working Paper No. 1108
Monetary Policy Transmission to Consumption: Inequalities by Gender and Race
March 05, 2026 This paper estimates the causal effects of monetary policy shocks on household consumption, with additional analysis of labor market and income responses, disaggregated by gender and race. I find that...more Publication -
EventInsights from a 25-Year Monetary Policy Experiment
Free and open to the public. The year 2026 marks the 40th anniversary of the Levy Institute’s founding, and this event inaugurates a broader series of programs commemorating this significant...more Event -
Policy Note No. 2026/1The US Supreme Court Rules and Future Prospects of Trump’s Tariff Gambit
February 24, 2026 The Supreme Court Strikes Down IEEPA Tariffs On February 20, 2026, the Supreme Court of the United States ruled, by a majority of six to three, that the International Emergency...more Publication -
EventLevy Graduate Programs Information Session March 6
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 -
Working Paper No. 1107Artificial Intelligence: Friend, Foe, Fraud
February 20, 2026 The over-hyped Dot.com revolution bubbled and crashed at the end of the 1990s, leaving a largely unused physical and virtual infrastructure that eventually supported the rise of social media that...more Publication -
Working Paper No. 1106
Monetary Policy, Deposit Funding Shocks, and Bank Credit Supply: Bank-Level IV Evidence
February 19, 2026 This paper examines how monetary tightening transmits to bank credit supply through deposit funding conditions during the 2022–23 cycle. Using a quarterly panel of more than 3,800 US commercial banks,...more Publication -
BlogCost Estimate for New York Student Voter Empowerment Act
February 17, 2026 This memo estimates the annual statewide cost of implementing the Student Voter Empowerment Act (A.3954–A/S2056-A). The Act requires every public and private college or university campus in New York State to designate a Student Voting Coordinator and maintain a baseline set of nonpartisan voter outreach, voter education, and annual reporting activities. Since the enactment of [...] Blog -
BlogThe “Dark Horse” and the Bright Line: Why a Fundamental Fed Reform Is Overdue
February 13, 2026 The return of Judy Shelton to the center of the monetary policy debate has been greeted by the financial press with a mixture of alarm and condescension. While critics fixate on her affinity for the gold standard (and with good reason), they are missing the more profound shift her presence represents: a long-overdue challenge to [...] Blog -
“The labor market is a very challenging place for young workers,” Tcherneva for Marketplace
February 06, 2026 Listen to the perspectives from Levy President Pavlina R. Tcherneva and other economists regarding labor market trends for young workers under the lens of AI. You can hear the report...more News -
EventPrivate Sectoral Balances, Financial Markets and Business Cycles in the US Economy
Join us on February 25 for a presentation of research with Scholar Giuliano Toshiro Yajima. The presentation will be streamed live on Zoom. ABSTRACT This paper studies the dynamic...more Event -
EventLevy Economics Institute Anniversary Conference
On May 8, 2026, the Levy Economics Institute convenes its annual conference on the 40th anniversary of the Institute’s founding. This year’s conference will be held in person on the...more Event -
EventLevy Graduate Programs Information Session February 6
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 -
Working Paper No. 1105
OPENSIMPLEST: The Smallest SFC Open Economy Model
January 22, 2026 This article introduces OPENSIMPLEST, a highly parsimonious stock-flow consistent (SFC) model of an open economy. The model is designed as a pedagogical and analytical benchmark that preserves the core mechanisms...more Publication -
Working Paper No. 1104
Levy Institute Measure of Time and Income Poverty: United States, 2007–2022
January 20, 2026 In this paper, we present the empirical methodology used to estimate the Levy Institute Measure of Time and Income Poverty (LIMTIP) for the United States over the period 2007–2022. We...more Publication -
BlogLevy Institute Capitol Hill Series: Rethinking the Federal Reserve’s Policy Framework and Independence
January 14, 2026 A PDF of this document can be found here. “Congress retains the ultimate authority to instruct, to direct, and to even redefine the Federal Reserve’s objectives” — Pavlina Tcherneva, President, Levy Economics Institute As the independence of the Federal Reserve is publicly under threat from the Trump White House, the Levy Economics Institute brought [...] Blog -
Working Paper No. 1103
Legal Tender, Debt, and the Institutional Settlement of Monetary Obligations in English Law
January 08, 2026 This paper challenges the widespread public and institutional misconception that legal tender laws in English law compel creditors to accept payment in a specific form. We argue that legal tender...more Publication -
EventLevy Graduate Programs Application Workshop
This workshop and information session provides an overview of the Levy academic programs, student life, admission requirements, enrollment steps, financial aid procedures, and immigration requirements for international students. Bring your...more Event