Economic Policy for the 21st Century

Nearly all Levy Institute research focuses not only on economic analysis, but also on the creation of possible strategies through which policymakers may solve the issue at hand. This program includes research on those macroeconomic policy areas most closely associated with public sector activities: monetary policy and financial institutions, federal budget policy, and the labor market. Examples of studies on monetary policy and financial institutions include explorations of the repercussions the euro’s introduction has had on monetary and fiscal policies and monetary institutions within the European Community; the effectiveness of monetary policy; and Minskyan analyses of the current economic problems in the United States, Japan, and Brazil. Examinations of federal budget policies cover such topics as the effects of budget surpluses on the economy, the need for fiscal expansion to combat economic torpor, and analyses of the Social Security and health care systems.

Programs Federal Budget Policy
Explorations in Theory and Empirical Analysis

Research Group: James K. Galbraith, Dimitri B. Papadimitriou, Rania Antonopoulos, Philip Arestis, William J. Baumol, Jörg Bibow, Barry Bluestone, Robert E. Carpenter, Lekha S. Chakraborty, Pinaki Chakraborty, Steven M. Fazzari, Mathew Forstater, Greg Hannsgen, Thomas Karier, Stephanie A. Kelton, Feridoon Koohi-Kamali, William H. Lazonick, Jamee K. Moudud, Mary O'Sullivan, Thomas I. Palley, Robert W. Parenteau, James B. Rebitzer, Malcolm Sawyer, Willem Thorbecke, W. Ray Towle, Éric Tymoigne, Edward N. Wolff, L. Randall Wray, Ajit Zacharias