Publications

This issue of the Summary opens with a policy note regarding the predictions of an impending Chinese “Minsky moment” and the far more likely prospect of another crisis in the United States. It also presents the results of a research project investigating the macroeconomic impact of a one-time cancellation of existing US student loan debt.
 
Working papers included in this issue examine Hyman Minsky’s and Abba Lerner’s writings on the functional finance approach to fiscal policy; the forces underlying the gender pay gap in the countries of the former Soviet Union; and the impact of corporate taxes on capital and labor in a modern, open economy. The issue closes with a look at the newest book in the Levy Institute Book Series, a compilation of essays dedicated to classical political economist, Alessandro Roncaglia.
 
INSTITUTE RESEARCH
Program: Monetary Policy and Financial Structure

• L. RANDALL WRAY, Does the United States Face Another Minsky Moment?
• L. RANDALL WRAY, Functional Finance: A Comparison of the Evolution of the Positions of Hyman Minsky and Abba Lerner

 
Program: Gender Equality and the Economy

• TAMAR KHITARISHVILI, Gender Pay Gaps in the Former Soviet Union: A Review of the Evidence

 
Program: Economic Policy for the 21st Century

• SCOTT FULLWILER, STEPHANIE A. KELTON, CATHERINE RUETSCHLIN, and MARSHALL STEINBAUM, The Macroeconomic Effects of Student Debt Cancellation
• SAMIKSHA AGARWAL and LEKHA S. CHAKRABORTY, Corporate Tax Incidence in India

 
INSTITUTE NEWS
New Books in the Levy Institute Book Series

• Classical Economics Today: Essays in Honor of Alessandro Roncaglia, edited by MARCELLA CORSI, JAN KREGEL, and CARLO D’IPPOLITI

 
Upcoming Events

• 27th Annual Hyman P. Minsky Conference
• The Hyman P. Minsky Summer Seminar