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Is a Job Guarantee Possible in America?
Newsy, July 6, 2018. All Rights Reserved. With recent polling showing nearly half of American support a job guarantee program, Levy Research Associate Pavlina Tcherneva speaks with Newsy’s Bianca Facchinei about the costs and benefits of guaranteed employment. Read more: https://www.newsy.com/stories/job-guarantee-bill-can-the-u-s-ensure-jobs-for-all/ -
What Is A Federal Jobs Guarantee?
Huffington Post, July 6, 2018. All Rights Reserved. Though official unemployment numbers are currently low, there are still many who feel they have been left behind. Levy Research Scholar Stephanie Kelton and the coauthors of the Levy Institute research project report “Public Service Employment: A Path to Full Employment” think the answer lies in a […] -
Working Paper No. 909External Instability in Transition
This inquiry argues that the successful completion of the transition process in the post-Soviet economies is constrained by the prevailing social structure and low levels of technological progress, both of which require institutional reforms aimed at increasing growth in national income, productivity, and the degree of export competitiveness. Domestic policy implementation has not shown significant […] -
Press ReleaseEuropean Commission’s Sovereign Bond-Backed Securities (SBBS) Proposal Unlikely to Work and Could Undermine Financial Stability, Says New Levy Institute Study
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Americans are drowning in student-loan debt. The U.S. should forgive all of it.
Washington Post, June 19, 2018. All Rights Reserved. Katrina vanden Heuvel discusses student debt forgiveness and the recent Levy Research Project Report, “The Macroeconomic Effects of Student Debt Cancellation.” Read more: https://www.washingtonpost.com/opinions/americans-are-drowning-in-student-loan-debt-the-us-should-forgive-all-of-it/2018/06/19/82565218-7314-11e8-9780-b1dd6a09b549_story.html?utm_term=.1a2216214882 -
One-Pager No. 56An Alternative to Sovereign Bond-Backed Securities for the Euro Area
The European Commission's proposal for the regulation of sovereign bond-backed securities (SBBSs) follows the release of a high-level taskforce report, sponsored by the European Systemic Risk Board, on the feasibility of an SBBS framework. The proposal and the SBBS scheme, Mario Tonveronachi argues, would fail to yield the intended results while undermining financial stability. Tonveronachi articulates […] -
Public Policy Brief No. 145European Sovereign Bond-Backed Securities
In response to a proposal put forward by the European Commission for the regulation of sovereign bond-backed securities (SBBSs), Mario Tonveronachi provides his analysis of the SBBS scheme and attendant regulatory proposal, and elaborates on an alternative approach to addressing the problems that have motivated this high-level consideration of an SBBS framework. As this policy […] -
Working Paper No. 908
Twenty Years after the Fall of the Berlin Wall
Many of the hopes arising from the 1989 fall of the Berlin Wall were still unrealized in 2010 and remain so today, especially in monetary policy and financial supervision. The major players that helped bring on the 2008 financial crisis still exist, with rising levels of moral hazard, including Fannie Mae, Freddie Mac, the too-big-to-fail […] -
Policy Notes No. 4Wage Employment and the Prospects of Women’s Economic Empowerment
In this policy note, Thomas Masterson and Ajit Zacharias address the nexus between wage employment, consumption poverty, and time deficits in the context of Ghana and Tanzania. Based on a recently completed research project supported by the Hewlett Foundation, the authors apply the Levy Institute Measure of Time and Consumption Poverty (LIMTCP) to estimate whether […] -
One-Pager No. 55
The Job Guarantee and the Economics of Fear
The job guarantee (JG) is finally getting the public debate it deserves, according to Pavlina R. Tcherneva, and criticism is expected. Following the Levy Institute’s latest report analyzing the economic impact of a JG proposal and providing a blueprint for its implementation, Tcherneva responds to alarmist claims that the JG is (1) an expensive big-government […] -
BlogBanks, Capital Markets, and Institutional Investors as Providers of Long-Term Finance
by Felipe Rezende This is the second in a series of blog posts on financing infrastructure assets. From 1990 to 2012, the stock of global financial assets increased from $56 trillion to $225 trillion. In 2012, it included a $50 trillion stock market, $47 trillion public debt securities market, $42 trillion in financial institution bonds [...] -
Blog
The Job Guarantee and the Economics of Fear: A Response to Robert Samuelson
The Job Guarantee is finally getting the public debate it deserves and criticism is expected. Building on several decades of research, the Levy Institute’s latest proposal analyzes the program’s economic impact and advances a blueprint for its implementation. Critics have taken note and are (thus far) restating the usual concerns, but with a notably alarmist [...]