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MME, October 25, 2016

Ινστιτούτο Levy: Αυτά τα μέτρα οδηγούν σε ύφεση

Naftemporikii, 25 Οκτωβρίου 2016. Με επιφύλαξη παντός δικαιώματος. «Νέο γύρο δημοσιονομικής λιτότητας», η οποία θα επιτείνει την ύφεση, διαπιστώνει ανάλυση του οικονομικού ινστιτούτου Levy, το οποίο υπογραμμίζει ότι η συγκεκριμένη πορεία της ελληνικής οικονομίας μπορεί να αντιστραφεί μόνο με τόνωση της ζήτησης…. Διαβάστε περισσότερα κάνοντας ΚΛΙΚ ΕΔΩ: http://www.naftemporiki.gr/finance/story/1163735/institouto-levy-auta-ta-metra-odigoun-se-ufesi

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Apply Now for the 2017 Minsky Summer Seminar

If you’re a grad student or just starting out your career and want to learn more about the work of Hyman Minsky and Wynne Godley, and wouldn’t mind doing so in a turn-of-the-century manor on the banks of the Hudson, you’re in luck. The Levy Institute’s annual Minsky Summer Seminar is now accepting applications for the June 2017 session: The [...]

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New Book on Fiscal Policy and Macro in India

*Post Updated Below* Fiscal Consolidation, Budget Deficits and the Macro Economy, by Research Associate Lekha Chakraborty, deals with debates about the macroeconomic effects of budget deficits in the context of examining fiscal policy in India over the period 1980/81–2012/13. From the Introduction: In India, efforts were … made to contain the fiscal deficit by both the [...]

Press Release

Latest Round of Austerity Measures in Greece Will Lead to Severe Recession, New Levy Economics Institute Study Says

Summary No. 3

Summary Fall 2016

This issue opens with a policy note that traces the “narrow path” ahead for Brazil as the country struggles through a joint economic and political crisis that has paralyzed its policymaking apparatus and constrained its fiscal and monetary policy space. Two related papers examine the role played by Greece’s public debt in that country’s economic […]

Working Paper No. 876

Normalizing the Fed Funds Rate

In December 2015, the Federal Reserve Board (FRB) initiated the process of “normalization,” with the objective of gradually raising the federal funds rate back to “normal”—i.e., levels that are “neither expansionary nor contrary” and are consistent with the established 2 percent longer-run goal for the annual Personal Consumption Expenditures index and the estimated natural rate […]

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The Problem with “Gender-Blind” Economics

Pavlina Tcherneva joins Laura Flanders to discuss the need for a more gender-aware economics: [iframe width=”427″ height=”240″ src=”https://www.youtube.com/embed/fqmy5F98SAs” frameborder=”0″ allowfullscreen></iframe]

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Levy M.S. Now Accepting Applications for Fall 2017

Designed as a terminal degree with a professional focus, the Levy Economics Institute Master of Science in Economic Theory and Policy offers students an alternative to mainstream graduate programs in economics and finance. This innovative two-year program combines a rigorous course of study with exceptional opportunity to participate in advanced economics research, with direct access [...]

Strategic Analysis

Greece: Getting Out of the Recession

The Greek government has agreed to a new round of fiscal austerity measures consisting of a sharp increase in taxes on income and property and further reductions in pension and other welfare-related expenditures. Based on our model of the Greek economy, policies aimed at reducing the government deficit will cause a recession, unless other components […]

Working Paper No. 875

Minsky at Basel

The global financial crisis shattered the conventional wisdom about how financial markets work and how to regulate them. Authorities intervened to stop the panic—short-term pragmatism that spoke volumes about the robustness of mainstream economics. However, their very success in taming the collapse reduced efforts to radically change the “big bank” business model and lessened the […]

Tsipras Defeat in Attica Battle Bolsters Bank of Greece Governor

Bloomberg, September 21, 2016. All Rights Reserved. Advantage Yannis Stournaras. In the battle of wits between Greece’s central bank governor and Prime Minister Alexis Tsipras, the former seems to have won the latest round, giving him a leg up should he harbor any ambitions of a return to politics…. Read more: http://www.bloomberg.com/news/articles/2016-09-21/tsipras-defeat-in-attica-battle-bolsters-bank-of-greece-governor