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Working Paper No. 1098Creative Destruction Meets Financial Instability: Toward a New Synthesis
October 17, 2025 This paper reconstructs Joseph Schumpeter’s major works to propose a coherent new departure point for analyzing economic and social change. I argue that Capitalism, Socialism and Democracy (1942) (CSD) marks...more Publication -
EventLevy Graduate Programs Information Session November 14
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 -
Levy Scholar Fadhel Kaboub to participate in UN Global Policy Dialogue
October 14, 2025 On October 24th, the 80th anniversary of the signing of the charter of the United Nations, the UN Department of Economic and Social Affairs (UN DESA) will convene a Global Policy...more News -
Strategic AnalysisThe US Economy amid Rising Global Uncertainty
October 14, 2025 Contrary to upbeat announcements on the prospects for the US economy from the current administration in Washington, economic conditions are softening for this year. The market for labor is increasing...more Publication -
Policy Note No. 2025/8How Secure Is Wage Employment in Sub-Saharan Africa?
October 08, 2025 Employment security refers to the ability of both formal and informal institutions to provide employed individuals protection against economic risks and support their economic progress. It is related, but not...more Publication -
Working Paper No. 1097
How Fiscal Policy Matters: An Empirical Analysis of the “Crowding-In” Effects of Public Infrastructure Investment in India
October 08, 2025 Using high-frequency data, the paper analyzes the link between public infrastructure investment and private corporate investment in India for the decade ending 2023–24. We adopt the ARDL model to investigate...more Publication -
Working Paper No. 1096
Gender Norms and Women’s Employment During the COVID-19 Pandemic: Evidence from India
October 07, 2025 We examine the role of household-level social norms regarding women’s mobility in determining the impact of the COVID-19 pandemic on women’s employment. The shock of the pandemic containment measures, such...more Publication -
EventRethinking the Federal Reserve’s Policy Framework and Independence
Part of the Levy Economics Institute Capitol Hill Series The Levy Economics Institute is proud to launch our Capitol Hill Series. In this series of talks, we will be hosting...more Event -
Working Paper No. 1095
A Short History of MGNREGA: Twenty Years in Ten Charts
October 06, 2025 India’s Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), enacted in 2005, is an experiment of major significance. Drawing on official statistics, this paper presents a broad-brush retrospective on MGNREGA’s...more Publication -
“[This is] another look at the weakening labor market…” Tcherneva for Marketplace on private sector jobs loss
October 02, 2025 Listen to Institute President Pavlina R. Tcherneva on yesterday’s Marketplace report. The report covers recent ADP data that indicate a loss of 32,000 private sector jobs in September 2025. News -
Levy Scholar Rania Antonopoulos to speak at Expert Roundtable on Beyond GDP and Human Rights
October 02, 2025 Senior Scholar Rania Antonopoulos has been invited to speak at the opening Expert Roundtable on Beyond GDP and Human Rights, scheduled for October 8th and 9th, 2025, in Geneva. The...more News -
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. 1094
Lebanon’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 monetary factors that contributed to the collapse, offering a...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