Economics Roundtable

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

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March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

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May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .

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Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.

Remember M1?

Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?

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The Economics Roundtable is sponsored by EconModel.

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The Levy Economics Institute Blog

March 3, 2017, 11:23 am, 1725471

The Justice Verma Committee submitted its report on January 23, 2013. In addition to recommendations for reforming laws related to sexual violence, harassment, and trafficking, it provided a comprehensive framework for gender justice through a proposed “Bill of Rights.” The Verma Committee’s recommendations are still waiting to be transformed ...

February 16, 2017, 3:23 pm, 1720633


April 18–19, 2017

Levy Economics Institute of Bard College
Annandale-on-Hudson, New York 12504

The 2017 Minsky Conference will address the implications of the new administration’s “America First” policies, focusing on the outlook for trade, taxation, fiscal, and financial regulation measures to generate domestic investments capable ...

February 16, 2017, 1:23 pm, 1720588

December 31, 2016, 11:23 pm, 1706799
by Kerry Pechter

Why do so many pundits and politicians, including the future director of the Office of Management and Budget, beat the debt drum so loudly and so often? It’s one of the most effective, and most abused, wedge issues in American politics.

The nomination of Mick Mulvaney—deficit hawk, three-term Republican ...

December 15, 2016, 5:23 pm, 1703021

A little while back, Pavlina Tcherneva appeared with Bloomberg’s Joe Weisenthal to talk about the potential infrastructure policy of president-elect Donald Trump. She noted that, contrary to initial assumptions, the upcoming administration may not end up pushing public-debt-financed infrastructure spending, and that if the program simply amounts to tax incentives ...

November 30, 2016, 3:23 pm, 1698676

New York City
September 13–15, 2017

A workshop organized by the Levy Economics Institute of Bard College with the generous support of The William and Flora Hewlett Foundation

The goal of this workshop is to advance the current framework that integrates gender and unpaid work into macroeconomic analysis and enables the development ...

November 15, 2016, 5:23 pm, 1694527

In a presentation here at the Levy Institute, Emilios Avgouleas argued that financial regulatory changes since the crisis have become so complex they represent a source of financial instability, and that new liquidity and capital requirements have contributed to the problem of “short-termism” in finance.

Avgouleas proposed regulatory simplification and a reorientation ...

October 24, 2016, 5:23 pm, 1686290

Fiscal Consolidation, Budget Deficits and the Macro Economy, by Research Associate Lekha Chakraborty, deals with debates about the macroeconomic effects of budget deficits in the context of examining fiscal policy in India over the period 1980/81–2012/13.

From the Introduction:

In India, efforts were … made to contain the fiscal deficit by both the ...

October 24, 2016, 5:23 pm, 1686289

If you’re a grad student or just starting out your career and want to learn more about the work of Hyman Minsky and Wynne Godley, and wouldn’t mind doing so in a turn-of-the-century manor on the banks of the Hudson, you’re in luck.

The Levy Institute’s annual Minsky Summer Seminar is now accepting applications for ...

October 7, 2016, 5:23 pm, 1681906

Pavlina Tcherneva joins Laura Flanders to discuss the need for a more gender-aware economics: