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Working Paper No. 899
Gender Pay Gaps in the Former Soviet Union: A Review of the Evidence
The goal of this paper is to examine the patterns and movements of the gender pay gaps in the countries of the former Soviet Union (FSU) and to place them in the context of advanced economies. We survey over 30 publications and conduct a meta-analysis of this literature. Gender pay gaps in the region are […]
Summary No. 1
Summary Winter 2018
This issue of the Summary opens with a public policy brief that suggests looking to the postwar clearing union proposals made by John Maynard Keynes and Richard Kahn for insight into possible reforms of the current eurozone financial system. Two policy notes featured in this issue focus on current policy in the United States: the […]
Press Release
Time Deficits and Hidden Poverty Threaten to Undermine U.N.’S Sustainable Development Goals, New Levy Institute Study Says
Blog
Join Us for the 2018 Minsky Summer Seminar
The Levy Economics Institute of Bard College is pleased to announce the ninth Minsky Summer Seminar will be held from June 17–23, 2018. The Seminar will provide a rigorous discussion of both the theoretical and applied aspects of Minsky’s economics, with an examination of meaningful prescriptive policies relevant to the current economic and financial outlook. [...]
Policy Notes No. 4
How Time Deficits and Hidden Poverty Undermine the Sustainable Development Goals
The predominant framework for measuring poverty rests on an implicit assumption that everyone has enough time available to devote to household production or enough resources to compensate for deficits in household production by purchasing market substitutes. Senior Scholar Ajit Zacharias argues that this implicit bias in our official poverty statistics threatens to undermine the Sustainable […]
Blog
Watch Live: A New New Deal and the Job Guarantee
Today at the New School, L. Randall Wray and Stephanie Kelton take part in a public workshop organized by the National Jobs for All Coalition that is focused on developing a “A New ‘New Deal’ for NYC and the USA.” Wray and Kelton will be sharing initial findings from an upcoming Levy Institute project that [...]
Blog
Applications Open for the Levy Institute M.S. and New One-Year M.A.
The Levy Institute is accepting applications to the M.S. and M.A. in Economic Theory and Policy for Fall 2018. The new, one-year M.A.* joins the two-year M.S. in offering students an alternative to mainstream programs in economics and finance. Our graduate curriculum is rooted in the Institute’s distinctive research program, including macroeconomic theory and policy analysis, [...]
Working Paper No. 898
Corporate Tax Incidence in India
The paper attempts to measure the incidence of corporate income tax in India under a general equilibrium setting. Using seemingly uncorrelated regression coefficients and dynamic panel estimates, we tried to analyze both the relative burden of corporate tax borne by capital and labor and the efficiency effects of corporate income tax. The data for the […]
Greek Economy Minister Dimitri Papadimitriou talks to Sky News’s Ian King.
Dimitri Papadimitriou joins the hosts of “Bloomberg Daybreak: Europe.”
Blog
IMF Provides Cover for Europe’s Dysfunctional Currency Union
The Council on Foreign Relations’ Brad W. Setser has produced a couple of interesting blogposts on Germany’s fiscal policies of late. The first one, titled “Germany Cannot Quit Fiscal Consolidation,” was published at the end of August. On September 18th, the second one appeared, titled “The Global Cost of the Eurozone’s 2012 Fiscal Coordination Failure.” The [...]
Working Paper No. 897
Quantitative Easing and Asset Bubbles in a Stock-flow Consistent Framework
Ever since the Great Recession, central banks have supplemented their traditional policy tool of setting the short-term interest rate with massive buyouts of assets to extend lines of credit and jolt flagging demand. As with many new policies, there have been a range of reactions from economists, with some extolling quantitative easing’s expansionary virtues and […]