Filter by
3536 results found
-
Working Paper No. 816Coping with Imbalances in the Euro Area
September 30, 2014 In this paper we outline alternative policy recommendations addressing the problems of differential inflation, divergence in competitiveness, and associated current account imbalances within the euro area. The major purpose of...more Publication -
BlogNo, Tourism Will Not Save Greece
September 25, 2014 From Dimitri Papadimitriou today in New Geography: Will Lindsay Lohan Save Greece? It’s September, but island beaches from the Aegeans to Zante are still buzzing in Greece. Mykonos has been the summer’s Go-To spot for superstars and supermodels; the mainland and cities are also seeing the British and Europeans coming back. Greece’s reemergence on the [...] Blog -
Blog
Post Keynesian Conference Goes Live Tonight
September 24, 2014 The 12th International Post Keynesian conference, cosponsored by the University of Missouri–Kansas City, Journal of Post Keynesian Economics, and Levy Institute, with support from the Ford Foundation, begins this evening at UMKC with a keynote by Bruce Greenwald. The full schedule for the conference can be accessed here. If you can’t attend, portions of the event will [...] Blog -
Blog
Europe at the Crossroads: A Union of Austerity or Growth Convergence?
September 19, 2014 Co-organized by the Levy Economics Institute of Bard College and Economia Civile with support from the Ford Foundation Megaron Athens International Conference Centre Athens, Greece November 21–22, 2014 On November 21 and 22, the Levy Economics Institute of Bard College will hold its second annual conference at the Megaron Athens International Conference Centre in Athens, [...] Blog -
Blog
Options for an Independent Scotland
September 18, 2014 People in Scotland are heading to the polls today to decide the question of secession. One of the major policy questions for an independent Scotland is whether the country should attempt to keep the pound. As many have now begun to appreciate — with a little help from the eurozone spectacle — this would likely be a big mistake. In “Euroland’s [...] Blog -
Working Paper No. 815
Public Preferences for Redistributive Policies in Israel
September 17, 2014 This paper contributes to the literature on inequality and welfare policy by studying public support for redistributive policies in Israel, a society with an extreme level of socioeconomic inequality. Drawing...more Publication -
Public Policy Brief No. 137The ECB and the Single European Financial Market
September 15, 2014 The flaws of the Maastrict Treaty are a frequent object of commentary but, as yet, Europe remains unable—or, perhaps more accurately, unwilling—to address these flaws. The European project will remain...more Publication -
Public Policy Brief No. 137
Η ΕΚΤ και η ενιαία ευρωπαϊκή χρηματοπιστωτική αγορά
September 15, 2014 Οι ατέλειες της Συνθήκης του Maastrict είναι συχνά αντικείμενο σχολιασμού, ωστόσο, όμως, η Ευρώπη παραμένει ανίκανη ή μάλλον απρόθυμη να αντιμετωπίσει αυτές τις αδυναμίες. Το ευρωπαϊκό σχέδιο θα παραμείνει ημιτελές...more Publication -
Blog
Mission-Oriented Finance (Video)
September 10, 2014 The following clips are from the Mission-Oriented Finance for Innovation conference held in London, organized by Mariana Mazzucato as part of a research project with L. Randall Wray on “Financing Innovation.” L. Randall Wray, “Financing the Capital Development of the Economy: A Keynes-Schumpeter-Minsky Synthesis” (slides) [iframe width=”512″ height=”288″ src=”//www.youtube.com/embed/Uo2XzWsniqM?feature=player_detailpage” frameborder=”0″ allowfullscreen></iframe] Pavlina Tcherneva, “Full Employment, Value Creation and the [...] Blog -
Blog
Can Fiscal Policy Stabilize the Economy?
September 10, 2014 [WolframCDF source=”http://multiplier-effect.org/files/2014/09/alternative-fiscal-policies.cdf” width=”397″ height=”448″ altimage=”https://www.levyinstitute.org//wp-content/uploads/2014/09/alternative-fiscal-policies.png” altimagewidth=”397″ altimageheight=”448″] Here is a new Wolfram CDF, which I have constructed based on a macro model. The assumptions behind the model–other than the exact parameter values–are loosely stated in this list: 1) industries dominated by a handful of firms, rather than perfect competition 2) production technology that requires [...] Blog -
Blog
Is the Eurozone Turning into Germany?
September 08, 2014 It has been pretty clear since at least the spring of this year that the ECB was keen to see the euro weakening. At the time the euro stood near to $1.40. Policymakers in a number of euro area member states issued calls for a more competitive exchange rate, directing barely hidden criticisms in this [...] Blog -
Working Paper No. 814
Distribution-led Growth in the Long Run
September 03, 2014 The paper examines the long-run fluctuations in growth and distribution through the prism of wage-and profit-led growth. We argue that the relation between distribution of income and growth changes over...more Publication -
Blog
Greece, Rock Bottom, and Co-operative Banking
August 29, 2014 In a recent interview, C. J. Polychroniou asked Dimitri Papadimitriou about the idea that Greece is on the verge of economic recovery: Both the International Monetary Fund (IMF) and the European Commission (EC), in their assessments of the performance of the Greek economy, appear more optimistic on the future of Greece because of the deceleration of the negative growth [...] Blog -
Blog
Direct Job Creation and Greece’s Debt Trap
August 28, 2014 Dimitri Papadimitriou, after noting the ongoing failure of austerity policies in Greece, shares the results of a recent study led by Rania Antonopoulos on the effects of implementing direct job creation programs of various sizes in the beleaguered country. In one scenario, a 300,000-job program (in the low-to-medium-sized range of the policy options examined) would have reduced [...] Blog -
Research Project ReportThe Measurement of Time and Income Poverty in Korea
August 28, 2014 This report presents findings from a joint project of the Levy Economics Institute and the Korea Employment Information Service, with the central objective of developing a measure of time and...more Publication -
Public Policy Brief No. 136
Can Child-care Subsidies Reduce Poverty?
August 28, 2014 In partnership with the Korea Employment Information Service, Senior Scholar Ajit Zacharias and Research Scholars Thomas Masterson and Kijong Kim investigate the complex issues of gender, changing labor market conditions,...more Publication -
Blog
12th International Post Keynesian Conference
August 27, 2014 Update: see here for the complete conference schedule. There is still time to register for our upcoming Post Keynesian conference at the University of Missouri-Kansas City. Unfortunately, the program is full so we cannot accept paper proposals. However, there is still space for participants. The registration is very affordable, and includes all dinners and special events, some [...] Blog -
Blog
Last Update on Greek GDP
August 24, 2014 ElStat, the Greek statistical institute, has recently published a flash estimate for GDP in the second quarter of 2014. In current euro prices, GDP keeps falling by 2.5% against the same quarter of 2013. We already know many will claim this as a success of the austerity plans, since the fall is now slower than [...] Blog -
Blog
A Fiscal Policy Rule Without Austerity
August 18, 2014 What will happen about fiscal policy after the tumultuous events beginning in 2010 or so in Europe and the end of Great-recession-era fiscal stimulus in the US? In the US, Paul Krugman and other economists debate the meaning of the CBO’s recent fiscal report, which, as Krugman points out, clearly show a drastic fall in [...] Blog -
Blog
Can a Euro Treasury End the Crisis?
August 14, 2014 Dimitri Papadimitriou introduces Jörg Bibow’s plan for the creation of a Euro Treasury: It was only a matter of time until the euro area was hit with the kind of crisis from which it is still struggling to recover—this was understood well in advance, by many at the Levy Institute and elsewhere. The problem has always [...] Blog -
Public Policy Brief No. 135
Το σχέδιο για ένα ευρω-υπουργείο Οικονομικών
August 12, 2014 Σε αντίθεση με τoν πρόσφατο ισχυρισμό της γερμανίδας καγκελαρίου Άνγκελα Μέρκελ, η ευρω-κρίση δεν έχει σχεδόν τελειώσει, αλλά παραμένει άλυτη, αφήνοντας την ευρωζώνη εξαιρετικά ευάλωτη σε ανανεωμένες πιέσεις. Στην πραγματικότητα,...more Publication -
Public Policy Brief No. 135
The Euro Treasury Plan
August 12, 2014 Contrary to German chancellor Angela Merkel’s recent claim, the euro crisis is not nearly over but remains unresolved, leaving the eurozone extraordinarily vulnerable to renewed stresses. In fact, as the...more Publication -
Blog
A New Book on Money to Please Fans of Minsky and MMT
August 12, 2014 Opinions heard on the subject of money and the economy often seem uninformed or absurd. For a great book about money and monetary theory, I would strongly recommend Money: The Unauthorized Biography by Felix Martin, a 2014 book from Alfred A. Knopf. This book might just please students of history and finance and others who [...] Blog
