Save the Date: 29th Annual Hyman P. Minsky Conference on the State of the US and World Economies, May 5-6, 2021

March 17, 2021
Save the Date

May 5--6, 2021
The 29th Annual Hyman P. Minsky Conference on the State of the US and World Economies <[link removed]>
Levy Economics Institute of Bard College
Annandale-on-Hudson, N.Y.

The Institute's 29th annual conference will be held virtually, May 5--6, 2021. This year's discussion will focus on "Prospects and Challenges for the US and Europe in an Emerging Post-Pandemic Recovery" and feature speakers from government, academia, financial institutions, and the media, as well as Levy Institute scholars.

Scheduled presenters include Lakshman Achuthan, Economic Cycle Research Institute; Binyamin Appelbaum, New York Times; Robert Barbera, Johns Hopkins University; Peter Coy, Bloomberg Businessweek; Charles Evans, Federal Reserve Bank of Chicago; Jason Furman, Harvard University; Charles Goodhart, London School of Economics; Michael Greenberger, University of Maryland School of Law; Bruce Greenwald, Columbia Business School; Jan Hatzius, Goldman Sachs; David P. Henry, Reuters; Lex Hoogduin, University of Groningen; Kathryn Judge, Columbia Law School; Robert Kaplan, Federal Reserve Bank of Dallas; Bruce Kasman, JP Morgan; Denis MacShane, former Europe Minister and Avisa Partners; Patricia McCoy, Boston College; James Paulsen, Leuthold Group; Paolo Savona, CONSOB; Jeanna Smialek, New York Times; Deborah Solomon, New York Times; and Frank Veneroso, Veneroso Associates.

For more information or to register, please visit the conference website <[link removed]>.


June 28--July 16, 2021
Institute to Host Intensive Virtual Course in Gender-Sensitive Macroeconomic Modeling for Policy Analysis <[link removed]>

The purpose of this virtual course is to enhance capacity building in research and teaching of gender-sensitive economic analysis, with a focus on care and macroeconomic policy aspects to guide participants toward the formulation of viable research projects focused on addressing care needs in developing countries. The deadline for applications is April 8, 2021.

For more information or to apply, please email AU-Levy Intensive Course Administrator, Thomas Masterson ([email protected]) or visit the seminar website <[link removed]>.

This course is organized by the American University's Care Work and the Economy Project and the Levy Institute and is made possible by the generous support of the William and Flora Hewlett Foundation.
New Publications

One-Pager No. 65, February 2021
COVID Relief and the Inflation Warriors <[link removed]>
Yeva Nersisyan and L. Randall Wray <[link removed]>

With the unveiling of President Biden's nearly $2 trillion proposal for addressing the COVID-19 crisis, Democrats appear keen to avoid repeating the mistakes of the Great Recession—most notably the inadequate fiscal response. Yeva Nersisyan and Senior Scholar L. Randall Wray <[link removed]> observe that while Democrats are not falling for the "deficit bogeyman" this time, critics have pushed the idea that the increase in government spending will cause inflation. Nersisyan and Wray argue that the current fiscal package should be evaluated as a set of relief measures, not stimulus, and that the objections of the inflation worriers should not stand in the way of taking needed action.

Read complete text (pdf) <[link removed]>


Working Paper No. 986, March 2021
Keynes's Theories of the Business Cycle: Evolution and Contemporary Relevance <[link removed]>
Pablo Gabriel Bortz

Pablo Gabriel Bortz examines John Maynard Keynes's evolving theory of the business cycle from his early writings in 1913 to his policy prescriptions for the control of fluctuations in the early 1940s to assess if the policy mix Keynes promoted for ensuring macroeconomic stability is relevant today. Though he identifies six different "theories" of business fluctuations in this 30-year span, he contends the driver of fluctuations—cyclical changes in expectations about future returns—remained substantially the same.

Read complete text (pdf) <[link removed]>
Levy Graduate Programs in Economic Theory and Policy Now Accepting Students for Fall 2021

Backed by over 30 years of proven policy impact, the Levy Institute Graduate Programs in Economic Theory and Policy provide innovative approaches to topics such as time use, poverty, gender, student debt, and employment that other programs neglect, encouraging students to evaluate policies, examine behavior, and dig deeper into the social phenomena that underlie economic outcomes. Working alongside professors who are actively engaged in tackling today's most pressing economic problems, the Levy graduate programs allow you to apply what you learn in the classroom to real-world research while giving you unprecedented access to leaders in government, NGOs, central banking, academia, and journalism. Along with a challenging academic environment, the Levy programs also offer a supporting and caring community where students make lifetime connections. To find out more, visit bard.edu/levygrad or follow the program's Facebook <[link removed]> page.

Applications for fall 2021 are now open. Interested students should contact the program recruiter, Martha Tepepa ([email protected]), to discuss their options. Scholarships are available.
Media and Web Coverage


President Biden has been urged to include progressive policy proposals in the agenda for his first 100 days—such as student debt forgiveness <[link removed]>, extended COVID-19 relief funds <[link removed]>, and a job guarantee <[link removed]>—that have been thoroughly investigated by Institute scholars. The reports have been cited in Newsweek <[link removed]> and Foreign Policy <[link removed]>, and Research Associates Pavlina Tcherneva <[link removed]> and Stephanie Kelton <[link removed]> were both featured recently on The Hill to discuss these policies and their economywide benefits.

Alex Williams ('20) <[link removed]>, research analyst at Employ America, weighs in on how we estimate the scope of fiscal relief in a modern industrial economy, suggesting that "stimulus should be calibrated with reference to achieving specific labor market outcomes, among other policy objectives."






In This Issue

Save the Date: 29th Annual Minsky Conference <#minsky29>

Upcoming Event: Intensive Virtual Course in Gender-Sensitive Macroeconomic Modeling for Policy Analysis <#gender_sem>

COVID Relief and the Inflation Warriors <#op_65>

Keynes's Theories of the Business Cycle <#wp_986>

Levy Graduate Programs <#grad>

Web and Media Coverage <#media>


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Levy Book Series

Visit the Institute's Book Series webpage <[link removed]> for selected books by our scholars.
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