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Levy Institute

@levyecon.bsky.social
527 followers 20 following 288 posts

The Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan public policy think tank.

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Levy Institute @levyecon.bsky.social · 12/10/2026
Considering an MA or MS in Economics? Our next Info Session is TODAY! connect.bard.edu/register/?id... #MAeconomics #MSeconomics #hetrodoxeconomics #neoclassicaleconomics @BardCollegeCDO @ptcherneva @michlstephens @BardCollege
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Levy Institute @levyecon.bsky.social · 05/10/2026
Levy President Pavlina Tcherneva will be giving the Fall 2026 Paul J. Thomas Public Lecture in Economics at Youngstown State University tomorrow. ysu.edu/news/fall-20... #capitalism #youngeconomists #newchapter @ptcherneva.bsky.social
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Levy Institute @levyecon.bsky.social · 29/09/2026
Our Fall Speaker Series @BardCollege kicks off Thurs. 10/01/26 w/ John Cassidy, staff writer at The New Yorker, in discussion with Lucas Pinheiro, Asst. Prof. of Politics. tinyurl.com/CassidyandPi... #TheNewYorker #Capitalism #BardCollege #PoliticalEconomy
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Levy Institute @levyecon.bsky.social · 26/09/2026
Considering an MA or MS in Economics? Our next Info Session is Monday! connect.bard.edu/register/Lev... #MAeconomics #MSeconomics #hetrodoxeconomics #neoclassicaleconomics
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Levy Institute @levyecon.bsky.social · 25/09/2026
Author Ray Madoff and trustee Hilary Pennington discuss how the tax code "has created two... American societies: the working Americans who pay and the ultrarich who benefit." Register: tinyurl.com/RayMadoff #SecondEstate #TaxCode #economics #RayMadoff
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Levy Institute @levyecon.bsky.social · 18/09/2026
Levy Economics Graduate Programs Dir. Tom Masterson will present his work on early childhood education in Rwanda at the Bucknell Institute of Public Policy. There will be pizza, there will be policy. @bucknellupress.bsky.social @bardcollege.bsky.social
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Levy Institute @levyecon.bsky.social · 16/09/2026
Celebrating Wynne Godley’s 100th w/ these archival photos from the 2013 NYT article, “Embracing Wynne Godley, the Economist Who Modeled the Crisis”. Read more from Godley's legacy at: tinyurl.com/godley100 #economics #Macromodeling
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Levy Institute @levyecon.bsky.social · 14/09/2026
Applications for Fall 2027 open tomorrow! Visit our website at levygrad.bard.edu and register for an upcoming webinar to learn more. #economicsgraduateprogram #hetrodoxeconomics #highereducation @ptcherneva.bsky.social @thomasmasterson.bsky.social
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Levy Institute @levyecon.bsky.social · 17/08/2026
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
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Levy Institute @levyecon.bsky.social · 05/08/2026
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
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Levy Institute @levyecon.bsky.social · 01/08/2026
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
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Levy Institute @levyecon.bsky.social · 30/07/2026
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...
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Levy Institute @levyecon.bsky.social · 07/07/2026
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...
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Levy Institute @levyecon.bsky.social · 29/06/2026
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!
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Levy Institute @levyecon.bsky.social · 23/06/2026
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.
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Levy Institute @levyecon.bsky.social · 05/06/2026
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. 🧵
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Levy Institute @levyecon.bsky.social · 02/06/2026
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...
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Levy Institute @levyecon.bsky.social · 26/05/2026
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.
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Levy Institute @levyecon.bsky.social · 08/05/2026
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.
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Levy Institute @levyecon.bsky.social · 08/05/2026
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!
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Levy Institute @levyecon.bsky.social · 07/05/2026
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...
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Levy Institute @levyecon.bsky.social · 07/05/2026
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...
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Levy Institute @levyecon.bsky.social · 05/05/2026
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...
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Levy Institute @levyecon.bsky.social · 01/05/2026
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...
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Levy Institute @levyecon.bsky.social · 29/04/2026
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...
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Levy Institute @levyecon.bsky.social · 28/04/2026
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...
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Levy Institute @levyecon.bsky.social · 24/04/2026
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...
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Levy Institute @levyecon.bsky.social · 23/04/2026
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...
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Levy Institute @levyecon.bsky.social · 23/04/2026
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.
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Levy Institute @levyecon.bsky.social · 23/04/2026
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...
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Levy Institute @levyecon.bsky.social · 23/04/2026
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...
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Levy Institute @levyecon.bsky.social · 23/04/2026
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...
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Levy Institute @levyecon.bsky.social · 23/04/2026
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...
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Levy Institute @levyecon.bsky.social · 23/04/2026
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...
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Levy Institute @levyecon.bsky.social · 23/04/2026
"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...
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Levy Institute @levyecon.bsky.social · 23/04/2026
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.
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Levy Institute @levyecon.bsky.social · 22/04/2026
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...
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Levy Institute @levyecon.bsky.social · 21/04/2026
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...
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Levy Institute @levyecon.bsky.social · 20/04/2026
Alongside an expert lineup, Levy Institute President Pavlina Tcherneva will share insights on the U.S. job market in 2026. This week, we will be spotlighting her work ahead of our May 8 conference. @ptcherneva.bsky.social www.levyinstitute.org/events/event...
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Levy Institute @levyecon.bsky.social · 16/04/2026
The year before the 2007-9 Great Recession broke out in the United States, Wynne Godley and Gennaro Zezza warned of the decisive importance of the path of lending for the medium-term future of the US economy. www.levyinstitute.org/publications...
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Levy Institute @levyecon.bsky.social · 16/04/2026
In 2000, Godley and Lavoie presented a simple growth model grounded in a stock-flow monetary accounting framework such that credit, money, equities and stocks of real capital link periods of time with one another in articulated sequences. www.levyinstitute.org/publications...
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Levy Institute @levyecon.bsky.social · 16/04/2026
Godley’s 1999 landmark report, “Seven Unsustainable Processes” challenged the prevailing optimism about the US economy’s prospects, arguing that its expansion rested on unsustainable processes that would eventually trigger prolonged recession. www.levyinstitute.org/publications...
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Levy Institute @levyecon.bsky.social · 16/04/2026
His 1998 paper with Anwar Shaikh identified an inconsistency at the heart of the standard macro model’s treatment of the distribution of income. www.levyinstitute.org/publications...
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Levy Institute @levyecon.bsky.social · 16/04/2026
Next week, stay tuned for a special Levy at 40 podcast episode with Scholars Gennaro Zezza, Michalis Nikiforos, and Claudio H. Dos Santos as they discuss the life and legacy of Wynne Godley. See more on Godley in the thread below.
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Levy Institute @levyecon.bsky.social · 16/04/2026
Levy Distinguished Scholar and member of the six wise men of the British Treasury, Wynne Godley developed the SFC model, a framework so effective it was cited by Goldman Sachs’ chief economist as generating "the most important chart in the world." 🧵
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Levy Institute @levyecon.bsky.social · 15/04/2026
Pandemic inflation, the war in Ukraine & now a potential energy crisis from the war in Iran all highlight the relationship between inflation & sector-specific price shocks. Monday @ 11:30 EST: Sam Stockman discusses how price stability can be achieved. bard.zoom.us/webinar/regi...
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Levy Institute @levyecon.bsky.social · 14/04/2026
We're excited to welcome Chris Kennedy to our anniversary conference on May 8th! Kennedy, best known for his work as an industrial ecologist addressing global environmental challenges, will speak alongside Galbraith in our second panel of the day. www.levyinstitute.org/events/event...
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Levy Institute @levyecon.bsky.social · 09/04/2026
Wray’s work continues to inform the Levy Institute’s research and shapes how students critically engage with the assumptions underlying contemporary economic thought. You can read his 2025 keynote for our summer seminar here: www.levyinstitute.org/publications...
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Levy Institute @levyecon.bsky.social · 09/04/2026
As one of the early developers of Modern Money Theory, Wray’s collection of books serves as a comprehensive primer for researchers of MMT, Minsky, and the history of money. Among his published volumes is the new Edward Elgar publication, Understanding MMT. www.levyinstitute.org/news_items/u...
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Levy Institute @levyecon.bsky.social · 09/04/2026
Wray’s “Goldilocks and the Three Bears” set out a map of a Goldilocks economy facing a global financial crisis, global deflation and excess capacity, and a domestic fiscal surplus in conjunction with record private deficits. www.levyinstitute.org/publications...
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