News & Events

CNN Money, February 8, 2012. © 2012 Cable News Network. A Time Warner Company. All Rights Reserved. NEW YORK (CNNMoney)—Stop me if you’ve heard this before. Greece is close to getting another bailout from the European Union, International Monetary Fund and European Central Bank, the so-called troika. Greece may also be close to a deal […]

Huffington Post Canada, February 3, 2012. Copyright © 2012 TheHuffingtonPost.com, Inc. All rights reserved. As debate about income inequality mounts, a new study [see Working Paper No. 703] underscores how important public investment in social programs like education and health care is in narrowing the rich-poor divide. At a time when Ottawa prepares to beat […]

Los Angeles Times, January 5, 2012. Copyright © 2012 Los Angeles Times International experience shows that direct job creation by governments is one of the very few options that has succeeded at raising employment levels more than just marginally during a crisis. Is high unemployment as certain as death and taxes? Of course not. But […]

Copyright © 2011 KPFK. All Rights Reserved. Masters and Papadimitriou discuss the looming financial crisis in the eurozone, the possibility of contagion, and the OECD’s warning of an impending recession in Europe and the UK unless the European Central Bank takes action. Full audio of the interview is available here.

The Straddler, Fall 2011. All content © The Straddler I The events leading up to and following the financial crisis in 2008 led to widespread deployment of the term “Minsky Moment,” used to describe the painful termination of what Hyman Minsky called “runaway expansion.” In boom times, according to Minsky, stable profit growth resulting from […]