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MME, November 4, 2012
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Να αξιοποιήσουν οι ΗΠΑ τα διδάγματα της κρίσης του ευρώ ενώπιον του «δημοσιονομικού γκρεμού»
ΕΞΠΡΕΣ, 4 Noεμβρίου 2012. All Rights Reserved. ΟΙ Ηνωμένες Πολιτείες καλούνται σύντομα να κάνουν μια βασική επιλογή στην οικονομική τους πολιτική, που θα διαμορφώσει την αμερικανική οικονομία για τα επόμενα χρόνια. Οι αυθεντίες και οι φορείς χάραξης πολιτικής διαφωνούν για το πώς πρέπει να αντιμετωπιστεί αυτό που ευρέως αναφέρεται ως «δημοσιονομικός γκρεμός». Θα συνεχίσουν οι […] -
Press ReleaseLeading European and US Policymakers to Discuss Financial Instability and Its Global Economic Implications at the Levy Economics Institute’s Hyman P. Minsky Conference, in Berlin, November 26–27
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BlogFiscal Policy Debates and Macro Models Abound in the News
Many of the themes in fiscal policy, economic growth, and distribution that we have been working on here have been in the news lately. Scholars from many fields are weighing in. One common theme is dynamics and their importance: 1) Evidence of a self-reinforcing fiscal trap in operation in Britain, forwarded by the NIESR, a [...] -
Blog
Stephanie Kelton on Le Show
Research associate Stephanie Kelton made an appearance on Harry Shearer’s “Le Show” over the weekend. In the interview they managed to cover just about all of the major themes related to the debt and deficit anxiety that commands our civic dialogue (solvency constraints, inflation, interest rates, the gold standard, and so on; all the greatest [...] -
Press Release
Looming Automatic Tax Increases and Budget Cuts Would Have Devastating Consequences For US Economy, Levy Study Says
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Scholars Oppose US Government Austerity Moves
Los Angeles Times, October 29, 2012. All Rights Reserved. The idea of expansive government and greater spending to prop up a still flagging economy has gotten little support this election year. But two economists issued a warning Monday of a renewed recession if the government continues to restrict spending — particularly with the sharp tax […] -
Will Bailouts Help Europe?
CNBC, October 26, 2012. All Rights Reserved. President Dimitri B. Papadimitriou talks to CNBC’s Rick Santelli about the failure of the bailouts in Greek and Spain, and the need for a completely different approach to the "European problem," including a broad-reaching plan to aid development in Europe’s southern tier, a banking union to insure deposits, […] -
Blog
Announcing the Levy Institute Master of Science in Economic Theory and Policy
An announcement from the Levy Institute: Starting in fall 2013, the Levy Economics Institute will begin offering the Master of Science in Economic Theory and Policy, a two-year degree program designed to meet the preprofessional needs of undergraduates in economics and finance. Headed by Senior Scholar and Program Director Jan Kregel, this innovative program draws [...] -
Blog
How Profligate Was the Greek Government?
Breezily blaming the eurozone crisis on government profligacy is a widely-used journalistic shortcut, but by now it should be clear that it’s a shortcut that doesn’t help us understand what went wrong with the euro project. It has been repeated often, though evidently not often enough, that Spain, one of the hardest hit countries, had [...] -
In the Media, October 24, 2012
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Επιτακτική η ανάγκη της διαμόρφωσης ενός εργοδότη της ύστατης προσφυγής στην Ελλάδα
Ναυτεμπορική, 24 Οκτωβρίου 2012. All rights reserved. Η κρίση χρέους στην ευρωζώνη συνεχίζει να εξαπλώνεται, με κύρια χαρακτηριστικά την αύξηση της ανεργίας, χαμηλό επίπεδο εμπιστοσύνης καταναλωτών, και εκτεταμένες περικοπές στους προϋπολογισμούς σε όλη την επικράτεια. Στην Ελλάδα, οι πολιτικές λιτότητας που υιοθετήθηκαν στο πλαίσιο του δεύτερου πακέτου διάσωσης έχουν επιδεινώσει την κατάσταση της οικονομίας, με […]