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Summary No. 2Summary Spring 2016
This issue includes two strategic analyses: one for the United States and one for Greece. The first reports that the US recovery continues to be hampered by structural weaknesses—rising income inequality, weak demand for US exports, and fiscal conservatism—while external risks include sluggish growth in US trading partners, dollar appreciation, and asset price declines. Turning […] -
Public Policy Brief No. 141What We Could Have Learned from the New Deal in Confronting the Recent Global Recession
To the extent that policymakers have learned anything at all from the Great Depression and the policy responses of the 1930s, the lessons appear to have been the wrong ones. In this public policy brief, Director of Research Jan Kregel explains why there is still a great deal we have to learn from the New […] -
BlogPreliminary Program for the 25th Minsky Conference
The preliminary program has been posted for the 25th Annual Hyman Minsky Conference, being held April 12-13 here at Blithewood on the Bard College campus. The deadline for registration is April 1st. Tuesday, April 12 8:30−9:00 a.m. Registration 9:00−9:15 a.m. Welcome and Introduction Dimitri B. Papadimitriou, President, Levy Institute 9:15−10:30 a.m. Session 1. GLOBAL FRAGILITY AND EMERGING MARKETS [...] -
MME, March 20, 2016
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Αποψη: Τα ημίμετρα συμβάλλουν στη συνέχιση της ανθρωπιστικής κρίσης
Kathimerini, 20 Μάρτιος 2016. Με επιφύλαξη παντός δικαιώματος. Ολοι –με πρώτη την κυβέρνηση– αναμένουμε με ανυπομονησία την ολοκλήρωση της αναφοράς του κουαρτέτου για την πρόοδο της αξιολόγησης των μέτρων που η κυβέρνηση συμφώνησε να ψηφίσει και να εφαρμόσει…. Διαβάστε περισσότερα κάνοντας ΚΛΙΚ ΕΔΩ: http://www.kathimerini.gr/853677/article/oikonomia/ellhnikh-oikonomia/apoyh-ta-hmimetra-symvalloyn-sth-synexish-ths-an8rwpistikhs-krishs -
Blog
Tcherneva: The Biggest Existential Threat to the Eurozone Is Its Design
[iframe width=”427″ height=”240″ src=”https://www.youtube.com/embed/EOFjduXU9N8?;start=1289″ frameborder=”0″ allowfullscreen></iframe] Related: “Euroland’s Original Sin” (pdf) -
Press ReleaseLeading Economists and Policymakers to Discuss US Economic Growth and Employment in the Context of the Global Economy at the Levy Economics Institute’s 25th Annual Hyman P. Minsky Conference, April 12–13
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Working Paper No. 862Japan’s Liquidity Trap
Japan has experienced stagnation, deflation, and low interest rates for decades. It is caught in a liquidity trap. This paper examines Japan’s liquidity trap in light of the structure and performance of the country’s economy since the onset of stagnation. It also analyzes the country’s liquidity trap in terms of the different strands in the […] -
Press Release
Structural Weaknesses and Instability of Global Economy Keep US Economy on Fragile Ground, New Levy Economics Institute Study Says
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Blog
Bloomberg: Modern Money Theory Gaining Converts
Bloomberg just published an article focused on the rise of Modern Money Theory (MMT), featuring comments by Senior Scholar Randall Wray: The 20-something-year-old doctrine, on the fringes of economic thought, is getting a hearing with an unconventional take on government spending in nations with their own currency. Such countries, the MMTers argue, face no risk of fiscal crisis. [...] -
Ignored for Years, a Radical Economic Theory Is Gaining Converts
In an American election season that’s turned into a bonfire of the orthodoxies, one taboo survives pretty much intact: Budget deficits are dangerous. A school of dissident economists wants to toss that one onto the flames, too…. Read more: http://www.bloomberg.com/news/articles/2016-03-13/ignored-for-years-a-radical-economic-theory-is-gaining-converts -
Blog
As the Euro Time Bomb Ticks Away the ECB Turns Desperate
These are not happy times for Europe. Ukraine, Russia, and rising anti-democratic influences in Hungary and Poland represent latent threats at the European Union’s eastern front. The prospect of Brexit is a more acute one at its western front. After letting loose manifold conflicting forces that continue shaping internal politics in many EU countries and [...]