Archive for November, 2016

Call for Papers: Gender and Macro Workshop in NYC

Michael Stephens | November 30, 2016

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 of gender-aware and equitable economic policies. We are interested in contributions that address the gender implications of macroeconomic processes and policies and examine mechanisms that link gender inequalities to macroeconomic outcomes. These may include but are not limited to:

  • Incorporation of the realm of unpaid productive activities into economy-wide models (e.g., SAM, CGE).
  • Analysis of the links that connect economic structure (e.g., sectoral composition of economy, degree of openness) and growth regimes (e.g., wage-led versus investment-led growth) with women and men’s economic outcomes and gender inequalities.
  • Assessment of the channels through which macroeconomic policies influence women’s and men’s economic outcomes and gender inequalities. These include fiscal policies and monetary policies related to interest rates, exchange rates, and financial markets.
  • Evaluation of the mechanisms whereby gender inequalities influence macroeconomic outcomes, such as aggregate output and employment and their sectoral composition, inflation, budget deficits, and current account balance.
  • Aspects of interconnections between unequal international economic relations (trade and finance) and gender inequalities.

The types of gender inequalities to be modeled may potentially encompass inequalities in care and unpaid work, labor force participation, employment composition (by sector and/or type of employment, such as formal or informal), education, and access to and utilization of social and financial services.

We invite theoretical contributions that utilize existing and novel macroeconomic modeling approaches as well as empirical studies, in particular those focusing on the dimensions of gender inequalities relevant to the countries of Sub-Saharan Africa and other low-income economies. We are also interested in papers that provide a comprehensive picture of the state of the art, identify gaps, and indicate directions for future research.

Accommodation and travel-related expenses will be covered by the workshop organizers. Please submit your abstract using the form found here.

If you have any questions, please contact Ajit Zacharias at zacharia@levy.org.

Important dates:
500-word abstract due January 25, 2017
Acceptance notifications e-mailed March 1, 2017
Final paper due July 31, 2017

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Can Financial Regulatory Changes Help Jumpstart Long-Term Investment?

Michael Stephens | November 15, 2016

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 that would create greater relative incentives for funding long-term investment projects (e.g., infrastructure), including a lower regulatory and tax burden on long-term instruments. Empowering issuers of long-term instruments like project bonds with intellectual property rights could, he suggested, help control the quality of these financial products by preventing “slicing and dicing” in derivatives markets, on pain of losing prescribed privileges.

You can watch the presentation below: “The Financial Regulation Conundrum: Why We Should Discriminate in Favor of Long-Term Finance”

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