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The United Nations Conference on Trade and Development’s (UNCTAD) 2019 report, "Trade and Development: Financing a Global Green New Deal,” was released on September 25th. Together with Yilmaz Akyuz and Andrew Cornford, Senior Scholar and Director of the Graduate Programs in Economic Theory and Policy Jan Kregel has been a collaborator on UNCTAD’s reports since Secretary Rubens Ricupero's tenure in the 1990s.
The report also cites work by Graduate Programs in Economic Theory and Policy alum, Tamim Akiki, '19.
To access the full report, visit the UNCTAD website, or see more of Kregel’s work on his Levy Institute publications page. |
The Early Decision deadline for applying to the Levy Institute Graduate Programs in Economic Theory and Policy is November 15. To find out more about the programs, join us for an informational webinar on Friday, November 8 from 10am-12pm (Eastern Time). The session will be hosted by Professor Martha Tepepa, who will answer your questions about admissions requirements, financial aid, specifications for international students, and life at Bard.
To learn more or to register, visit the webinar registration site or use Facebook Live to join us on November 8 through our Facebook page. |
The Levy Institute welcomes its newest Research Associate, Sameh Hallaq. In addition to his role at the Institute, Hallaq is an assistant vice president for finance and administration at Al-Quds Bard College, Al-Quds University, and serves as an assistant professor in the economics program there. He holds an MBA from Al-Quds University and obtained his Ph.D. in economics at the University of Wuppertal, Germany. Hallaq’s research focuses on educational and labor economics in Palestine. |
Published in February by Red Globe Press, the new textbook Macroeconomics by Senior Scholar L. Randall Wray, William Mitchell, and Martin Watts is already in its third printing. Suitable for both introductory and intermediate courses, the book encourages students to take a more critical approach to the orthodox assumptions of macroeconomics, and is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of John Maynard Keynes, Michal Kalecki, Thorstein Veblen, Karl Marx, and Hyman Minsky, among others.
Together with R. Mohan and T. M. Thomas Isaac, Research Associate Lekha Chakraborty's new book, Challenges to Indian Fiscal Federalism (Leftword, 2019), examines the principle of fiscal federalism as enshrined in India's constitution, and discusses the challenges for the 15th Finance Commission and beyond. |
June 7–13, 2020
Applications are now being accepted for the 11th Minsky Summer Seminar, to be held June 7–13, 2020 at Blithewood on the Bard College campus. The Seminar offers a rigorous discussion of the theoretical and applied aspects of Hyman Minsky’s economics, with an examination of meaningful prescriptive policies relevant to the current economic and financial outlook, as well as special sessions introducing the theory and applications of Wynne Godley’s stock-flow consistent modeling methods.
The Summer Seminar will be of particular interest to graduate students, recent graduates, and those at the beginning of their academic or professional careers. The teaching staff includes international economists working in the theory and policy tradition of Minsky and Godley.
To learn more or submit your application, visit the Seminar website. |
September 26–27, 2019
In partnership with the William and Flora Hewlett Foundation, the Levy Institute hosted a workshop on “Gender and Macroeconomics: Inequality, Development, and Growth,” September 26–27 in New York City. This invite-only event hosted scholars from around the world to discuss issues related to the multiple dimensions of gender inequalities in macroeconomic processes, outcomes, and policies, as well as how to facilitate the integration of gender and unpaid activities into macroeconomic analyses. Contributors to the event addressed these interconnections, making relevant connections for public policy development and public action to transform inequalities utilizing existing and novel macroeconomic modeling approaches and empirical studies. |
Working Paper No. 939, October 2019
Srinivas Raghavendra, Kijong Kim, Sinead Ashe, Mrinal Chadha, Felix Asante, Petri T. Piiroinen, and Nata Duvvury
Srinivas Raghavendra, Research AssociateKijong Kim, Sinead Ashe, Mrinal Chadha, Felix Asante, Petri T. Piiroinen, and Nata Duvvury apply the social accounting approach to analyzing the impact of violence against women and girls (VAWG) in Ghana to account for its broader impacts on the macroeconomy. Using data from a field survey on VAWG’s prevalence in Ghana, their findings suggest that the cumulative macroeconomic losses due to violence are sizable, resulting in resource constraints and lost economic growth.
» Read complete text (pdf) |
With student debt emerging as a major issue in the 2020 elections, several outlets have turned to the Institute’s 2018 Research Project Report, “The Macroeconomic Effects of Student Debt Cancellation,” to support the argument for debt cancellation. Recently, MarketWatch and Politicus USA have both pointed to the report’s findings that student debt cancellation would spur economic activity, boosting GDP and creating new jobs, while allowing former debt holders to start families, buy homes, and invest in their communities.
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