Archive for April, 2021

The Minsky Conference Returns

Michael Stephens | April 29, 2021

After pausing last spring due to the pandemic, the Minsky Conference is back. Join us next week, May 5-6.

It would be an understatement to say this has been an eventful year in world economies and financial markets. It is also a period in which we are seeing some signs of change in economic thought and policymaking. The conference has always been an important occasion for contact between heterodox and more mainstream economics; this year, that could be a particularly interesting dynamic to watch.

The full program is below. Register here for the online event.


Wednesday, May 5, 2021
9:15–9:30 a.m. Welcome and Introduction
Dimitri PapadimitriouPresident, Levy Institute
9:30–10:30 a.m. Speaker
Charles EvansPresident and CEO, Federal Reserve Bank of Chicago
MODERATOR: Binyamin AppelbaumEditorial Board Member, New York Times
MODERATOR: Robert HuebscherAdvisor Perspectives
SPEAKERS: Charles GoodhartEmeritus Professor of Banking and Finance, London School of Economics
Paolo SavonaChairman, CONSOB
Jan KregelDirector of Research, Levy Institute
12:00–1:00 p.m. Speaker
Robert Barbera, Director, J.H.U. Center for Financial Economics; Economics Department Fellow, The Johns Hopkins University
1:00–2:30 p.m. Session 2. WHAT’S AHEAD FOR THE US ECONOMY
MODERATOR: Michael StephensLevy Institute
SPEAKERS: Lakshman AchuthanCofounder, Economic Cycle Research Institute
Michalis NikiforosResearch Scholar, Levy Institute; Professor University of Geneva
Frank VenerosoPresident, Veneroso Associates, LLC
MODERATOR: David Henry, Reuters
SPEAKERS: Jason Furman, Aetna Professor of the Practice of Economic Policy, Harvard Kennedy School (HKS) and the Department of Economics at Harvard University
Bruce GreenwaldProfessor, Columbia Business School
L. Randall WraySenior Scholar, Levy InstituteProfessor, Bard College
Thursday, May 6, 2021
10:00–11:00 a.m. Speaker
Robert KaplanPresident and CEO, Federal Reserve Bank of Dallas
MODERATOR: Deborah SolomonEconomics Editor, New York Times
11:00 a.m.–12:30 p.m. Session 4. FINANCIAL GOVERNANCE AND REGULATION
MODERATOR: Peter CoyBloomberg
SPEAKERS: Michael GreenbergerProfessor, University of Maryland Law School
Kathryn JudgeHarvey J. Goldschmid Professor of Law, Columbia Law School
Patricia McCoy, Liberty Mutual Insurance Professor, Boston College Law School
12:30–2:30 p.m. Session 5. US FINANCIAL MARKET INSTABILITY
MODERATOR: Jeanna Smialek, New York Times
SPEAKERS: Jan Hatzius, Chief Economist, Goldman Sachs
Bruce KasmanManaging Director and Global Head of Economic Research, J.P. Morgan
James PaulsenChief Investment Strategist, The Leuthold Group, LLC
2:30–4:00 p.m. Session 6. WHAT’S AHEAD FOR EUROPE
MODERATOR: Dimitri Papadimitriou, Levy Institute
Lex HoogduinProfessor, Groningen University, the Netherlands; Founder, GloComNet
Denis MacShaneFormer Europe Minister, UK; Senior Advisor, Avisa Partners, Brussels
Gennaro Zezza, Research Scholar, Levy Institute; Professor, University of Cassino

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Direct Job Creation in Greece

Michael Stephens | April 28, 2021

Senior Scholar Rania Antonopoulos recently participated in a webinar for the European Trade Union Institute, during which she discussed the rationale behind and experience with the implementation of the “Kinofelis” direct job creation program—a limited job guarantee for Greece. Watch her presentation below (accompanying slides are here).

The Levy Institute’s previous Strategic Analysis for Greece found that supplementing EU Recovery Funds with a more expansive job guarantee program (employing up to 300,000 people by 2022Q1) would help lift the Greek economy closer to its pre-pandemic growth trend.