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Research Project ReportInvesting in Early Childhood Education and Care Services in Jordan
May 20, 2025 Written in October 2022, through a collaboration between Istanbul Technical University (ITU) and the Levy Economics Institute in New York by Ipek Ilkkaracan (ITU), Ayse Aylin Bayar (ITU), Luiza Nassif...more Publication -
Policy Note No. 2025/3What Do We Save When We DOGE the Government?
May 20, 2025 The second Trump administration has seemingly added a new term to the English vocabulary – getting DOGE-ed. Almost every week we hear about another government agency getting the DOGE treatment,...more Publication -
Working Paper No. 1082Growth vs. Discipline: Italy’s Fiscal Dilemmas in a Stock-Flow Consistent Model
May 12, 2025 This paper investigates the implications of the European Union’s revised fiscal governance framework for Italy, a country facing the dual challenge of high public debt and persistent economic stagnation. Using...more Publication -
BlogTribute to Edwin Le Héron
May 12, 2025 Our eminent French economist colleague, Edwin Le Héron, passed away on 23 April 2025 in Bordeaux. A professor at Sciences Po Bordeaux since 1987, he was the founder and long-standing president of the Association pour le Développement des Études Keynésiennes (ADEK), established in 2000. ADEK has brought together French-speaking post-keynesian economists and organized major international [...] Blog -
One-Pager No. 73The Incoming Recession: Are Imports the Real Culprit?
May 05, 2025 The preliminary estimates for real GDP growth in the first quarter of 2025 show an annualized contraction rate of 0.28 percent, along with an extraordinary increase in imports of 41.3...more Publication -
US House Representative Ro Khanna (CA-17) to Give Keynote Address at 32nd Annual Conference
May 05, 2025 The Levy Institute is pleased to announce the keynote speaker for our 32nd Annual Conference: US House Representative Ro Khanna (CA-17)! The 32nd Annual Levy Economics Institute Conference, Money, Finance, and...more News -
EventSide Event at UN Women 2025 ECOSOC Forum on Financing for Development & FfD4 Conference
The Levy Economics Institute is proud to co-sponsor the side event, “Engendering Fiscal Space: The Role of Macro-Level Economic Policies, External Debt, Concessional Finance, Special Drawing Rights, and Economic Modelling,”...more Event -
Policy Note No. 2025/2Remembering Pope Francis’s Call for a Universal Basic Wage
April 21, 2025 On April 21, 2025, a day after Easter Sunday, the world mourned the passing of His Holiness Pope Francis. Five years earlier, on Easter Sunday, April 12, 2020—amid the devastating...more Publication -
Working Paper No. 1081
The Rise and Rise of Feminist Macroeconomics: Who’s Recognizing?
April 21, 2025 Macroeconomics is arguably the most male-dominated field within the discipline of economics. Since the mid-1990s, feminist economists have thoroughly and meticulously challenged this field through empirical and theoretical analyses and...more Publication -
Policy Note No. 2025/1Trump’s Tariffs: Ending Globalization
April 21, 2025 The Trump administration is reintroducing a number of 40-year-old, Reagan-era economic and military policies, but is particularly preoccupied with the imposition of tariffs for all of the country’s imports. Trump,...more Publication -
Levy Scholar Ajit Zacharias Appointed to National Academies Committee on Measuring the Care Economy
April 17, 2025 Senior Scholar Ajit Zacharias has been appointed to serve on the Committee on A Data Infrastructure for Measuring the Care Economy with The National Academies of Science, Engineering, and Medicine. This...more News -
Levy Scholar James K. Galbraith for Bloomberg: “Why Economists Are Looking at Economics All Wrong”
April 15, 2025 Senior Scholar James K. Galbraith appeared on the Bloomberg podcast Merryn Talks Money to discuss his new book Entropy Economics. This interview was recorded before the market chaos of the last week. There’s a...more News -
The Levy Institute Welcomes Three New Members to Our Board of Advisors
April 09, 2025 The Levy Institute is proud to welcome three new members to our Board of Advisors. Rebeca Grynspan, Secretary-General, UN Trade and Development (UNCTAD) Robert Skidelsky, Emeritus Professor of Political...more News -
Working Paper No. 1080
Protecting Social Security: The Case Against Extending the Full Retirement Age
April 04, 2025 The Social Security “full retirement age” (FRA) is the age at which retirement income benefits are available without reduction for early commencement. Presently, that age is 67 for those born...more Publication -
Working Paper No. 1079
Job Allocation in the Levy Institute Microsimulation Model
April 04, 2025 The Levy Institute Microsimulation Model (LIMM) is a tool used for policy simulations to estimate ex-ante the employment and income effects of sectoral investments. In Istenes (2023), a simple implementation...more Publication -
Galbraith for The Nation: “Trump’s Economics—and America’s Economy”
April 04, 2025 You can’t make America great again by wrecking the government. “What to make of the blur of news, revolutionary rhetoric, panicky fundraising texts, economic indicators, the plunging stock market, and,...more News -
BlogThe Levy Institute and the Future of Economics
April 04, 2025 According to my vita, my first paper for the Levy Economics Institute, “Unemployment, Inflation, and the Job Structure,” was first published almost exactly thirty years ago, in May 1995.[1] It was a categorical dissent from the micro-market framework, dominant then and still, of mainstream economics. The abstract reads: In this working paper, James K. Galbraith [...] Blog -
BlogUnmasking Hidden Poverty in America: The Role of Time Deficits
April 04, 2025 What if Household Production is recognized as a necessity? Imagine if unpaid work done at home—cooking, cleaning, childcare, eldercare[1]—were recognized as part of basic needs as, for example, a minimal quantity of food and clothing? Would it change how much poverty we find? An upcoming study by the Levy Economics Institute suggests it absolutely would. [...] Blog -
BlogTcherneva on Musk’s “Magic Money Computers”
April 03, 2025 There has been a lot of discussion about the birthright citizenship clause of the 14th Amendment recently. But there is another little-known clause that says that “the validity of the public debt of the United States, authorized by law … shall not be questioned.” In this Roundtable discussion, Institute President Pavlina R. Tcherneva discussed how [...] Blog -
EFSyn features the latest Strategic Analysis from the Levy Institute’s Macro-Modeling Team, “Greece: Growing on an Unsustainable Path”
April 02, 2025 The Greek journal, EFSyn featured the predictions of the Levy Institute’s Macro-Modeling Team in a report over the weekend: The authors of the report (D. Papadimitriou, N. Rodousakis, G.T. Yajima, G. Zezza)...more News -
“Small businesses are a bellwether for overall trends in the economy”: Tcherneva on Marketplace
April 01, 2025 On April 1, Institute President Pavlina R. Tcherneva spoke on the Marketplace Morning Report episode, “Keep an eye on rising layoffs at the smallest businesses.” Tcherneva asserted that the behavior of small businesses...more News -
Working Paper No. 1078
“A Concentration of Private Power without Equal in History”
April 01, 2025 This manuscript presents a detailed summary and reassessment of the 1941 final report of the Temporary National Economic Committee (TNEC). We portion the manuscript into four major parts: background, major...more Publication -
Applying to the Levy Graduate Programs in Economic Theory and Policy
April 01, 2025 The Levy Economics Institute Graduate Programs in Economic Theory and Policy were created to offer students an alternative to mainstream programs in economics and finance. These innovative programs combine a...more News -
“The Trump tax cuts don’t have to be paid for,” Yeva Nersisyan for The Hill
March 26, 2025 Cutting government spending to “pay for” tax cuts makes a bad economic policy much worse. If Republicans want to cut taxes, the best option for Democrats is to insist that...more News