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Strategic Analysis
Destabilizing an Unstable Economy
Our latest strategic analysis reveals that the US economy remains fragile because of three persistent structural issues: weak demand for US exports, fiscal conservatism, and a four-decade trend in rising income inequality. It also faces risks from stagnation in the economies of the United States’ trading partners, appreciation of the dollar, and a contraction in […] -
Blog
Tcherneva on the Jobs Numbers
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MME, March 3, 2016
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Χρήσιμο εργαλείο η «εγγυημένη απασχόληση»
Kathimerini, 3 Μαρτίου 2016. Με επιφύλαξη παντός δικαιώματος. Οι σημαντικές δυνατότητες συμβολής του θεσμού της «εγγυημένης απασχόλησης» στην αντιμετώπιση της κρίσης αναδείχθηκαν σε εκδήλωση που διοργάνωσαν το Ιδρυμα Friedrich Ebert, το Levy Economics Institute και το Ινστιτούτο Εργασίας της ΓΣΕΕ…. Διαβάστε περισσότερα κάνοντας ΚΛΙΚ ΕΔΩ: http://www.kathimerini.gr/851774/article/oikonomia/epixeirhseis/xrhsimo-ergaleio-h-eggyhmenh-apasxolhsh -
e-Pamphlet
Rising Corporate Concentration, Declining Trade Union Power, and the Growing Income Gap
Jordan Brennan, of Unifor and the Canadian Centre for Policy Alternatives, examines the rise of income inequality and the deceleration of economic growth in the United States in this two-part analysis. The first section explores the consolidation of corporate power, through mergers and acquisitions, between 1895 and 2013, and finds that reduced competition, declines in […] -
Working Paper No. 861
Money, Power, and Monetary Regimes
Money, in this paper, is defined as a power relationship of a specific kind, a stratified social debt relationship, measured in a unit of account determined by some authority. A brief historical examination reveals its evolving nature in the process of social provisioning. Money not only predates markets and real exchange as understood in mainstream […] -
Blog
Why Minsky Matters and Boom Bust Boom
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European Disunion: EU Negotiates UK on #Brexitb
Reuters, February 19, 2016. All Rights Reserved. All eyes are on Brussels as European leaders converge for meetings that could ultimately redefine the region, and the Organization for Economic Cooperation and Development has lowered its global economic forecast. Ameera David weighs in and then sits down with Marshall Auerback—research associate at the Levy Economics Institute—to […] -
Working Paper No. 860
Looking Into the Abyss?
The Brazilian economy in 2015 was afflicted by a lethal combination of decelerating activity and accelerating inflation. Expectations for 2016 are equally or even more adverse, since the effects of rising unemployment emerge only after a lag. The domestic debate has pitted analysts who believe the crisis is due exclusively to past policy mistakes against […] -
Blog
On the Intellectual Origins of Modern Money Theory
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Blog
The Next Step: Boosting Public Investments
The eurozone has been in crisis since 2008. By the end of 2015 domestic demand was still 3 percent below its pre-crisis peak. Throughout, the European Central Bank (ECB) has acted as the eurozone’s prime crisis manager. As capital flows reversed and inter-bank lending seized up, the ECB provided emergency liquidity to keep banking systems [...] -
Blog
Auerback on European Growth, Brexit, and Negative Rates
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