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BlogSAPRIN and the Greek Experiment
From C. J. Polychroniou’s latest policy note: [I]n 2001, a three-year, multi-country study by the Structural Adjustment Participatory Review International Network (SAPRIN), prepared in cooperation with the World Bank, national governments, and civil society organizations, offered a damning indictment of the policies of structural adjustment reform pursued by the IMF and the World Bank in [...] -
Press ReleaseLevel of Economic Activity, not Size of Deficit or Debt, Should Be Main Concern in Debt Ceiling Debate, New Levy Study Says
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Blog
A Euro Treasury? An Interview with Jörg Bibow
(The following is the translation of an interview that appeared in Sunday’s Eleftherotypia. C. J. Polychroniou talks to Jörg Bibow about the latter’s proposal for a Euro Treasury and how it represents a viable solution to the eurozone crisis — a crisis that is very much ongoing, Bibow explains.) CJP: A number of economists, [...] -
Policy Notes No. 3
The Myth of the Greek Economic “Success Story”
In 2001, a three-year, multicountry study by the Structural Adjustment Participatory Review International Network (SAPRIN), prepared in cooperation with the World Bank, national governments, and civil society organizations, offered a damning indictment of the policies of structural adjustment reform pursued by the IMF and the World Bank in third world countries. The structural adjustment programs […] -
Strategic Analysis
Prospects and Policies for the Greek Economy
In this report, we discuss alternative scenarios for restoring growth and increasing employment in the Greek economy, evaluating alternative policy options through our specially constructed macroeconometric model (LIMG). After reviewing recent events in 2013 that confirm our previous projections for an increase in the unemployment rate, we examine the likely impact of four policy options: […] -
Strategic Analysis
Προοπτικές και εναλλακτικές πολιτικές για την ελληνική οικονομία
Στην παρούσα έκθεση, εξετάζουμε εναλλακτικά σενάρια για την αποκατάσταση της ανάπτυξης και τη δημιουργία απασχόλησης στην ελληνική οικονομία μέσω του ειδικά διαμορφωμένου μακροοικονομικού μοντέλου του Levy Institute(LIMG). Μετά την ανασκόπηση οικονομικών εξελίξεων για το 2013, οι οποίες επιβεβαιώνουν τις προηγούμενες προβλέψεις μας για κατακόρυφη αύξηση της ανεργίας, εξετάζουμε τον πιθανό αντίκτυπο τεσσάρων εναλλακτικών: (1) Εξωτερική […] -
MME, February 9, 2014
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Joerg Bibow: «Κοινά ομόλογα από ένα Ευρωπαϊκό Θησαυροφυλάκιο»
Enet.gr, 9 Φεβρουαρίου 2014. Με επιφύλαξη παντός δικαιώματος. «Αυτός ο θεσμός θα ήταν δείγμα της δέσμευσης της Ευρώπης να επενδύει σταθερά στο κοινό μέλλον της, για το οποίο μιλάνε πολύ οι Ευρωπαίοι αξιωματούχοι, τη στιγμή που εφαρμόζουν διεστραμμένα μέτρα λιτότητας, τα οποία καταστρέφουν τις κοινωνίες. Με τις σημερινές πολιτικές, επιβαρύνουμε τα εγγόνια μας με σάπιες […] -
Blog
Working Paper Roundup 2/7/2014
Unions and Economic Performance in Developing Countries: Case Studies from Latin America Fernando Rios-Avila The Rational Expectations Hypothesis: An Assessment from Popper’s Philosophy Iván H. Ayala and Alfonso Palacio-Vera Integrating Time in Public Policy: Empirical Description of Gender-specific Outcomes and Budgeting Lekha S. Chakraborty Financial Crisis Resolution and Federal Reserve Governance: Economic Thought and Political [...] -
Blog
The 1943 Proposal to Fund Government Debt at Zero Interest Rates
One thing Jan Kregel’s new policy note makes clear is that congressional debates about raising the debt ceiling were a great deal more enlightening in the 1940s and ’50s. Here is Rep. Wright Patman (D-TX) in 1943 defending his proposal to fund what were expected to be huge wartime expenditures by bypassing the private financial [...] -
Blog
The 23rd Annual Minsky Conference Is Coming to D.C.
23rd Annual Hyman P. Minsky Conference Stabilizing Financial Systems for Growth and Full Employment The National Press Club Washington, D.C. April 9–10, 2014 Organized by the Levy Economics Institute with support from the Ford Foundation. In a context of global uncertainty, with growth and employment well below normal levels, the 2014 Minsky Conference will address [...] -
Press Release
By Ignoring Household Work, Official Measurements in Korea and Many Other Countries Vastly Underestimate Breadth and Depth of Poverty, New Levy Economics Institute Paper Says