Sameh Hallaq, Rabeh Morrar, and Yousef Daas explore how prolonged political instability and economic restructuring have shaped the informal sector in Palestine. Read more at our website. levyinstitute.org/publications... #InformalEconomy #Palestine #LaborMarkets #economics #conflict

Hiring ticked up slightly in June, and job openings have been trending up since the beginning of the year. But, that's only one factor to consider. Levy's own @ptcherneva.bsky.social cial looks at the bigger picture on NPR Marketplace. #jobmarket #JOLTS #economics

In our latest policy note, Levy President Pavlina Tcherneva and Research Fellow J. Matias De Lucchi discuss mixed signals in Fed Chair Warsh's recent press conference. @ptcherneva.bsky.social #FederalReserve #KevinWarsh #MonetaryPolicy @thomasmasterson.bsky.social

In response to a panel discussion, Levy Senior Scholar L. Randall Wray traces his personal path from a 1986 Fulbright in Bologna under Hyman Minsky to the founding of Modern Monetary Theory. www.levyinstitute.org/blog/underst...

In our latest policy note, Levy Research Assoc. @tymoignee.bsky.social discusses how the "Retailization" of private markets is not only a source of instability for personal finances, but also reinforces the risk of financial instability in the economy Read now: www.levyinstitute.org/publications...

Recordings from the Levy Institute Anniversary Conference (held May 8) are now available for viewing on our YouTube page. Be sure to check them out, linked in the thread below!

Levy President (@ptcherneva.bsky.social) is among the core signatories backing the UN’s new Roadmap for Eradicating Poverty Beyond Growth. The report builds on years advancing job guarantee policies as a pathway to ending poverty and securing economic rights for all.

Senior Scholar L. Randall Wray tackles the coming AI-induced crash and rising oil prices in two new blog posts on the Levy Institute website. 🧵

Poverty isn't just about money, it's about time. When we count unpaid household labor like childcare, cooking & cleaning, nearly 40% more employed Americans are living in poverty than official statistics suggest. Read our latest brief, out now: www.levyinstitute.org/publications...

On May 8, we marked Levy's 40th anniversary by convening economists, journalists & policymakers to tackle the defining economic challenges of our time at our annual conference. In the coming weeks we will share video footage and highlights from the day's proceedings. Stay tuned.

From Minsky's vision and AI to financial instability and energy transitions, the speakers at the Levy Institute Anniversary Conference tackle today's most salient economic questions. Pictured: James Galbraith, L. Randall Wray, and Chris Kennedy.

We have officially kicked off our anniversary conference this morning with an introduction by Levy President Pavlina Tcherneva and our keynote speaker, William H. Janeway!

Tomorrow we hold the annual conference at the Levy Institute. The 33rd of its kind in the 40 years since the Institute’s founding, it convenes leading voices in independent economic thought from around the world. We look forward to sharing the day’s insights. www.levyinstitute.org/events/event...

Next Tuesday, May 12 @ 2 PM, join us at the Levy Institute for "Breaking the Tragedy of the Horizon? Characterizing the Green Turn of Monetary Regimes" with Louison Cahen-Fourot (@louisoncf.bsky.social). www.levyinstitute.org/events/event...

This Friday, we welcome Senior Levy Scholar and member of the Institute's Macro-Modeling Team, Gennaro Zezza to Blithewood for our anniversary conference! Zezza will focus on prospects for the US, outlining the sustainability of a K-shaped economy. www.levyinstitute.org/events/event...

We are pleased to welcome Professor @darrickhamilton.bsky.social from The New School's Institute on Race, Power, & Political Economy to our anniversary conference next week. Hamilton will present on employment & economic security alongside Pavlina Tcherneva. www.levyinstitute.org/events/event...

Next week, we are excited to invite Isabella Weber, University of Massachusetts Amherst, to the Levy Institute to present on China and alternative development at our anniversary conference. @isabellamweber.bsky.social Learn more: www.levyinstitute.org/events/event...

We are pleased to welcome Levy Scholar Yan Liang to our anniversary conference next week! Liang will be presenting alongside Isabella Weber on China & Alternative Development. www.levyinstitute.org/events/event...

In our latest working paper, Levy President Pavlina Tcherneva advocates for a job guarantee: "Not as a transitional measure. Not as a residual safety net. But as the institutional anchor of an economy that finally works for the people who do the work." www.levyinstitute.org/publications...

Tcherneva insists on a bottom-up approach to stabilization. The question is not “how to boost demand?” but how to design policy so prosperity is broadly shared, inflation contained, and unemployment no longer used as a policy tool? www.levyinstitute.org/publications...

Tcherneva shows that fiscal & monetary coordination isn't rare but the norm - from Bernanke's stabilization post-2008 to COVID policy - illustrating core MMT claim. Still, fiscal policy remains more potent.

Tcherneva argues that 2008 stabilization efforts were not only tepid but misdirected. Fiscal policy stabilizes profits and closes the output gap, but it does not close the employment gap. Direct employment avoids prolonged jobless recoveries. www.levyinstitute.org/wp-content/u...

That distributional focus is clear in Tcherneva’s widely circulated illustration of the growth patterns in the US in the postwar era: Growth since the 70s has brought more inequality, and macro-stabilization policies have helped contribute to this problem. www.levyinstitute.org/wp-content/u...

That matters because aggregate demand policy can raise output and prices and worsen inequality without actually producing full employment or solving the deeper problem of who gets decent work, good wages, and economic security. Beyond Pump Priming: www.levyinstitute.org/wp-content/u...

Tcherneva uses Minsky’s fundamental price equation to develop a stylized model for evaluating alternative fiscal policies to assess their employment and income distribution effects and impact on the price level. www.levyinstitute.org/publications...

Tcherneva finds that Keynes’s fiscal policy vision aligns more with a Job Guarantee and broad socialization of investment than with conventional stimulus or pump priming. www.levyinstitute.org/publications...

"What criteria shall we use to ensure that public money is effectively employed for the public good?" This and other foundational JG ideas are explored in Tcherneva's 2020 book, The Case for a Job Guarantee. www.levyinstitute.org/publications...

While many know Levy President Pavlina Tcherneva’s (@ptcherneva.bsky.social) work on the Job Guarantee, her broader research agenda has focused on evaluating macroeconomic policy by its effects on employment, inflation, and income distribution, rather than growth, stabilization, and stimulus alone.

NEW POLICY NOTE Senior Scholar L. Randall Wray breaks down the reality of the US war with Iran. What does warfare really cost the average American? www.levyinstitute.org/publications...

How much did speculation really drive Europe’s gas price surge? Today @ 5PM EST: Emanuele Citera will break down the 2020–24 energy crisis—and show why supply shocks and policy, not speculation, were the real story. bard.zoom.us/webinar/regi...