Filter by
3536 results found
-
Policy Note No. 1Europe at the Crossroads
February 12, 2015 Given the continuing divergence between progress in the monetary field and political integration in the euro area, the German interest in imposing austerity may be seen as representing an attempt...more Publication -
Policy Note No. 1
Η Ευρώπη στο σταυροδρόμι
February 12, 2015 Με δεδομένη τη συνεχιζόμενη απόκλιση ανάμεσα στην πρόοδο στον τομέα της νομισματικής και της πολιτικής ολοκλήρωσης στη ζώνη του ευρώ, το ενδιαφέρον της Γερμανίας σχετικά με την επιβολή της λιτότητας...more Publication -
One-Pager No. 48Can Reform of the International Financial Architecture Support Emerging Markets?
February 11, 2015 The developed world’s policy response to the recent financial crisis has produced complaints from Brazil of “currency wars” and calls from India for increased policy coordination and cooperation. Chinese officials have echoed the...more Publication -
One-Pager No. 48
Μπορεί η μεταρρύθμιση του διεθνούς χρηματοπιστωτικού συστήματος να στηρίξει τις αναδυόμενες οικονομίες;
February 11, 2015 Η πολιτική απάντηση του αναπτυγμένου κόσμου στην πρόσφατη χρηματοπιστωτική κρίση προκάλεσε την αντίδραση της κυβέρνησης της Βραζιλίας, η οποία έκανε λόγο για κίνδυνο νομισματικών πολέμων, και έφερε την Ινδία στο...more Publication -
Public Policy Brief No. 139Emerging Market Economies and the Reform of the International Financial Architecture
February 11, 2015 Emerging market economies are taking an ill-targeted and far too limited approach to addressing their ongoing problems with the international financial system, according to Senior Scholar Jan Kregel. In this...more Publication -
Working Paper No. 833Emerging Markets and the International Financial Architecture
February 11, 2015 If emerging markets are to achieve their objective of joining the ranks of industrialized, developed countries, they must use their economic and political influence to support radical change in the...more Publication -
Working Paper No. 832
The Rise of Money and Class Society
February 11, 2015 This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels to the case of ancient Egypt. In doing so, the paper examines...more Publication -
Working Paper No. 832
Η άνοδος του χρήματος και της ταξικής κοινωνίας
February 11, 2015 Η παρούσα εργασία διερευνά την άνοδο του χρήματος και της ταξικής κοινωνίας στην αρχαία Ελλάδα, αντλώντας ιστορικούς και θεωρητικούς παραλληλισμούς από την περίπτωση της αρχαίας Αιγύπτου. Με τον τρόπο αυτό,...more Publication -
BlogCountering Austerity Economics
February 11, 2015 As deflation sets in in the economies of Europe and Japan, Robert Kuttner’s words in Debtor’s Prison: The Politics of Austerity versus Possibility—an interesting, readable new volume—complement those of many of the Levy Institute’s scholars. The book argues that during the financial crisis and its aftermath, policymakers continually relied on excessively optimistic projections of economic [...] Blog -
Blog
The Modern Money Primer: Spanish Language Edition
February 06, 2015 For our Spanish-speaking followers, my Modern Money Primer has just been released in Spanish and is available: Here’s the description of the book: El esfuerzo intelectual que se realizó en el campo de la física tras la aparición de la teoría de la relatividad o del modelo copernicano, no se llevó a cabo en la [...] Blog -
Blog
Jobs for Greeks and for Americans, Too
February 03, 2015 Here’s a nice piece: The Workers’ Think Tank: With an eye on the United States and Greece, scholars at the Levy Economics Institute are developing plans to ensure full employment, by Sasha Abramsky, The Nation. As Sasha notes, the Levy Institute has a novel approach to fighting unemployment: JOBS! Hardly anyone ever thinks about that—that the [...] Blog -
The Workers’ Think Tank
February 03, 2015 The Nation profiles the work of the Levy Institute, including its proposal of a job guarantee to ensure full employment. News -
Working Paper No. 831
Beyond Market Failures
January 30, 2015 Recent decades witnessed a trend whereby private markets retreated from financing the real economy, while, simultaneously, the real economy itself became increasingly financialized. This trend resulted in public finance becoming...more Publication -
Blog
“The Top 10 Percent Get It All”
January 30, 2015 Yesterday on the floor of the US Senate, Sen. Bernie Sanders delivered a speech featuring Pavlina Tcherneva’s widely-discussed chart, which illustrates how the bottom 90 percent’s share of income gains during economic expansions has shrunk to (literally) less than nothing. Watch (beginning at 26min50s): [iframe width=”461″ height=”351″ src=”//www.c-span.org/video/standalone/?c4525785″ frameborder=”0″ allowfullscreen></iframe] Blog -
Blog
Needed Macro Policies: Targeted, Broad, and Universal
January 30, 2015 The recent 40 percent jump in the value of the Swiss Franc will have some effects similar to those of deflation where it seems to be taking hold, including Japan and much of Europe. When a currency increases in value, foreign debts in those currencies become more of a burden. The New York Times brings [...] Blog -
Blog
ECB: The Ultimate Enforcer of the European Neoliberal Project?
January 28, 2015 If one were asked to describe the formal economic and political processes that have shaped the condition of the eurozone since the eruption of the euro crisis in late 2009 in a terse and peremptory way, he or she might boldly and truly say this: “German Chancellor Angela Merkel’s policies spearhead the unraveling of the [...] Blog -
Blog
Jobs for Greeks
January 28, 2015 With Syriza in the driver’s seat, Greece now has some hope for the end to austerity imposed by Germany and the troika. Here’s a good short piece in the New York Times by C. J. Polychroniou, a research associate and policy fellow at the Levy Economics Institute. As he explains, what Syriza wants is no [...] Blog -
Blog
What an Interest Payment Moratorium Could Do for Greece
January 23, 2015 After a record-setting 23 straight quarters of shrinking GDP, the Greek economy was less awful in 2014, and an economic recovery of sorts might finally be under way. However, the Levy Institute’s latest projections (which are generated using a stock-flow consistent macroeconomic model tailored to Greece) indicate that Greece still faces years of anemic growth if [...] Blog -
Blog
Now that the QE Dream Has Come True, What Next?
January 23, 2015 The ECB is to be congratulated on finally defying its German masters, who have long kept the euro’s guardian of stability in captivity. For a number of years, Germany’s unholy triangle of power over the land of the euro – Berlin, Frankfurt, Karlsruhe – has enforced a diktat that undermined both the euro economy and [...] Blog -
Blog
Looking Beyond the Tax System to Fight Inequality
January 22, 2015 In the context of last Tuesday’s State of the Union, Pavlina Tcherneva was interviewed by Wall Street Journal Live‘s Sara Murray on the issue of the effectiveness of policies to combat widening income inequality. [iframe width=”475″ height=”288″ src=”http://video-api.wsj.com/api-video/player/iframe.html?guid=84206A51-1034-4E5F-A37D-363CBF7499CD” autoplay=”0″ frameborder=”0″ allowfullscreen></iframe] In the interview, Tcherneva comments that while some of the progressive taxation policies [...] Blog -
Working Paper No. 830
Quality of Match for Statistical Matches Using the Consumer Expenditure Survey 2011 and Annual Social Economic Supplement 2011
January 22, 2015 This paper describes the quality of the statistical match between the Current Population Survey (CPS) March 2011 supplement and the Consumer Expenditure Survey (CEX) 2011, which are used for the...more Publication -
Working Paper No. 829
Η κατάργηση του νόμου Glass-Steagall και η έκτακτη παρέμβαση του Ομοσπονδιακού Αποθεματικού κατά τη διάρκεια της παγκόσμιας χρηματοοικονομικής κρίσης
January 22, 2015 Πριν από την παγκόσμια χρηματοπιστωτική κρίση επικρατούσε η αντίληψη ότι η στήριξη του δανειστή έσχατης καταφυγής περιοριζόταν στις εμπορικές τράπεζες. Ωστόσο, κατά τη διάρκεια της κρίσης, η Ομοσπονδιακή Τράπεζα των...more Publication -
Working Paper No. 829
The Repeal of the Glass-Steagall Act and the Federal Reserve’s Extraordinary Intervention during the Global Financial Crisis
January 22, 2015 Before the global financial crisis, the assistance of a lender of last resort was traditionally thought to be limited to commercial banks. During the crisis, however, the Federal Reserve created...more Publication -
Blog
It Seems QE Is Finally Coming to Euroland—Will It Matter at All?
January 21, 2015 When French president François Hollande pre-announced the ECB Governing Council’s long-awaited adoption of “quantitative easing” at its meeting tomorrow, German chancellor Angela Merkel was quick to respond by pointing out that this was still the independent ECB’s decision alone. It was good of her to do so. For in recent times one could not help [...] Blog