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Monetary Policy and Financial Structure
This research program encompasses monetary policy, modern money, public finance, and the structure of markets and institutions operating in the financial sector. Research builds on the work of Distinguished Scholar Hyman P. Minsky and examines the institutional, regulatory, and market arrangements that contribute to financial instability, as well as the policies necessary to contain it.
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The State of the US and World Economies
This program’s central focus is the use of the Levy Institute’s stock-flow consistent macroeconomic models, created by Distinguished Scholar Wynne Godley, to generate strategic analyses of the US and world economies that help policymakers understand the implications of various policy options.
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Economic Policy for the 21st Century
Levy Institute research often goes beyond economic analysis of pressing economic challenges to develop actionable strategies for policymakers. This program examines specific subject areas—including Social Security, climate, and healthcare—while also exploring the the historical foundations of economic policy and the legal and institutional architecture that shapes policy implementation.
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Employment Policy and Labor Markets
This research program examines the latest dynamics, institutions, and trends shaping employment and earnings, with a focus on policies to achieve full employment and the tendency of modern market economies to fall short of the mark. A cornerstone of this program is research on the job guarantee—a policy that would offer a publicly funded job to all who are willing and able to work.
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The Distribution of Income, Wealth, and Well-being
This program explores both the persistent inequalities within and across nations and innovative policies to address them. A key part of this program is the development of alternative measures of economic deprivation and well-being that are more comprehensive than the prevailing approaches.
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Gender Equality and the Economy
This program focuses on the ways in which economic processes and policies affect gender equality, and examines the influence of gender inequalities on economic outcomes. Its goal is to examine key economic concepts, models, and indicators—with a particular view to reformulating policy to promote gender equality.
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Archived Programs
Immigration, Ethnicity, and Social Structure
This program is led by Senior Scholar Joel Perlmann, who guides a research initiative, “Ethnicity and Economy in America—Past and Present,” that focuses on the processes by which immigrants and their descendants are assimilated into US economic life. The Levy Institute believes that this work will shed light on current policy issues related to immigration, […]
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