| Public Policy Brief No. 151, June 2020
Michalis Nikiforos
Michalis Nikiforos discusses of the relationships between austerity, Greece’s macroeconomic performance, debt sustainability, and the provision of healthcare and other social services over the last decade, explaining that the austerity imposed in the name of debt sustainability led to a vicious cycle where each round of austerity led to a deeper recession and, eventually, more austerity. Predicting that the pandemic shock will lead to an explosion of public debt, he suggests policies to address structural imbalances in Greece and throughout the eurozone.
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Public Policy Brief No. 150, June 2020
Jan Kregel and Paolo Savona
In this policy brief, Senior Scholar Jan Kregel and Paolo Savona analyze the impacts of some recent technological innovations—such as cryptocurrencies, distributed ledger technology, artificial intelligence, and data science—on the present institutional environment and outline an appropriate regulatory framework, arguing that a public monopoly on cryptocurrency's issuance could help repair the dissociation between finance and the real economy to decrease the risks of instability that threaten national financial systems.
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Levy Graduate Programs in Economic Theory and Policy Now Accepting Students for Fall 2020 |
Designed as preparation for a professional career in economic research and policy formulation, the Levy Economics Institute Graduate Programs in Economic Theory and Policy offer an alternative to mainstream programs in economics and finance. With small classes in a dedicated facility, we can also offer more options for social distancing while completing your degree in these uncertain times.
Our diverse student body comes from around the world, with research interests focusing on banking regulations, monetary policy, trade, financial regulations, economic forecasting, poverty, unemployment and exclusion, modern monetary theory, and stock-flow-consistent modeling. To find out more about our innovative programs that combine a rigorous course of study with exceptional opportunity to participate in advanced economics research alongside the Institute's global network of researchers, visit bard.edu/levygrad or follow the program's Facebook page.
Applications for fall 2020 are now open, with new part-time options in the MA program and generous financial aid available for Bard alumni. Interested students should contact the program recruiter, Martha Tepepa ([email protected]), to discuss their options. Scholarships are available. |
Reflecting on her Project Syndicate op-ed, "What Would Roosevelt Do?," Pavlina Tcherneva tells Thom Hartmann that the polices currently put forth fall short of the bold measures this moment calls for, suggesting a more robust public response is necessary to ensure recovery in the post-pandemic era, and discusses why demand-side solutions will not work for issues caused by the pandemic’s supply-side shock with fellow Bardian Elmira Bayrasli.
Employing a framework developed in his M.S. thesis for the Institute's Graduate Programs in Economic Theory and Policy, Alex Williams '20 outlines a program of federal block grants for stabilizing state budgets in downturns. In his article for Medium, he asserts that such grants would shorten recessions, while also creating jobs and guaranteeing funding for vital public services.
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