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FDIC’s Hoenig: Blanket Small Bank-Exemption from Volcker Unwise
MNI Deutsche Börse Group, April 15, 2015. All Rights Reserved. WASHINGTON (MNI) – The vice chair of the Federal Deposit Insurance Corp. Wednesday argued against giving all small banks an exemption from the ban on proprietary trading by traditional banks, commonly known as the Volcker Rule, arguing that it does not impose any added regulatory […] -
Warren pitches ideas for stronger Wall Street curbs
The Boston Globe, April 15, 2015. All Rights Reserved. Massachusetts Senator Elizabeth Warren wants to limit to just one the number of deals financial institutions accused of wrongdoing can cut with the government, a change that she believes would force corporations to follow the rules or face criminal charges. It’s among several new ideas that […] -
Warren Says Banks Should Face Bigger Tax Burden to Balance Risks
Chicago Tribune, April 15, 2015. All Rights Reserved. Wall Street banks and their top executives should face new tax penalties to keep them from engaging in risky practices that can pose threats to the financial system, Sen. Elizabeth Warren said Wednesday. Warren, who has been a leading defender of the Dodd-Frank Act, called on the […] -
Elizabeth Warren Hammers the Endless Failures of Wall Street Regulators
The Huffington Post, April 15, 2015. All Rights Reserved. WASHINGTON — Sen. Elizabeth Warren (D-Mass.) assailed the nation’s top bank regulators on Wednesday for coddling Wall Street offenders and ducking the responsibilities Congress assigned them in the wake of the 2008 financial meltdown. At a conference hosted by the Levy Economics Institute, Warren called not […] -
How Warren’s Banking Agenda Could Influence Clinton
American Banker, April 15, 2015. All Rights Reserved. WASHINGTON — Hillary Clinton just kicked off her presidential bid on Sunday, but progressives have already begun a campaign of their own to shape the financial policy debate ahead of the 2016 elections. Sen. Elizabeth Warren, D-Mass., delivered a wide-ranging address on Wednesday, laying out an agenda for tending […] -
Warren on the Warpath: Slams SEC, Pitches Financial Reforms
Compliance Week, April 15, 2015. All Rights Reserved. If she had not already emphatically dismissed the idea of running for president, Sen. Elizabeth Warren (D-Mass.) delivered what would have been a headline-grabbing stump speech on Wednesday. Speaking at Bard College’s Levy Economics Institute, Warren presented her view of what is needed for continuing financial reforms beyond the […] -
Elizabeth Warren: The Unfinished Business of Financial Reform
Value Walk, April 15, 2015. All Rights Reserved. In a speech at the Levy Institute’s annual Hyman P. Minsky Conference today, Senator Elizabeth Warren laid out a set of proposals to advance the process of financial reform that began with the enactment of the Dodd-Frank Act of 2010. Read more: http://www.valuewalk.com/2015/04/elizabeth-warren-financial-reform/ -
Elizabeth Warren’s New Agenda for Democrats on Financial Reform
National Journal, April 15, 2015. All Rights Reserved. For Sen. Elizabeth Warren, the Dodd-Frank financial reform law was an important first step to taming financial markets. On Wednesday, she laid out a series of bold next steps for financial reform that could provide a road map for the Democratic Party in 2016. Speaking at the […] -
Audio
24th Annual Hyman P. Minsky Conference on the State of the US and World Economies
Organized by the Levy Economics Institute of Bard College with support from the Ford Foundation The 2015 Minsky Conference addressed, among other issues, the design, flaws, and current status of the Dodd-Frank Wall Street Reform Act, including implementation of the operating procedures necessary to curtail systemic risk and prevent future crises; the insistence on fiscal […] -
Press Release
Top U.S. and European Economic Leaders to Discuss Dodd-Frank Reforms, Monetary Policy, and the Sustainability of the U.S. Economic Recovery at the Levy Economics Institute’s 24th Annual Hyman P. Minsky Conference, in Washington, D.C., April 15–16
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Working Paper No. 836
Direct Estimates of Food and Eating Production Function Parameters for 2004–12 Using an ATUS/CE Synthetic Dataset
This paper evaluates the presence of heterogeneity, by household type, in the elasticity of substitution between food expenditures and time and in the goods intensity parameter in the household food and eating production functions. We use a synthetic dataset constructed by statistically matching the American Time Use Survey and the Consumer Expenditure Survey. We establish […] -
Blog
How Greece Has Been “Helped”
How has the Greek government used international loans? Using the data available from the flow of funds published by the Bank of Greece and the sectoral accounts published by the Hellenic Statistical Institute (ElStat), we have the following: Table 1. Greece. Use of international loans (billion euro) 2010 2011 2012 2013 2014* Sum Sources of [...]