News & Events

The American Prospect, April 24, 2013. All Rights Reserved. Satisfied with the meager reforms of the Dodd-Frank financial-reform bill, the Treasury is standing in the way of further efforts to rein in mega-banks. These are heady times for the bipartisan group of reformers seeking a safer and more manageable U.S. financial system. The leaders of this […]

For video excerpts from Minneapolis Fed President Narayana Kocherlakota’s speech "Low Real Interest Rates," presented at the Levy Institute’s 22nd Annual Minsky Conference in New York on April 18, click here. Includes audience and press Q&A.

Katherimerini, 22 Aπριλίου 2013. Με επιφύλαξη παντός δικαιώματος. Οι τέσσερις κοινές ερωτήσεις 1 Μπορούσε η Ελλάδα να έχει αποφύγει το Μνημόνιο; 2 Με ποιον διαφορετικό τρόπο θα είχαμε αντιμετωπίσει την κρίση χρέους; 3 Ποια ήταν τα βασικά λάθη στην κατασκευή της πολιτικής του Μνημονίου και τι θα μπορούσε να έχει γίνει διαφορετικά στην εκτέλεσή του; […]

Bloomberg View, April 22, 2013. All Rights Reserved. It’s not every day that a central banker admits that his medicine for curing the last crisis may be laying the groundwork for the next. But that’s exactly what Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, said last week at the annual Hyman P. […]

The Age (Melbourne), April 21, 2013. All Rights Reserved. If we needed more evidence that economics is not a science, we have it now. A shock wave hit the economics world this week when two of its most famous practitioners—Kenneth Rogoff and Carmen Reinhart—were found to have produced some very dodgy data to support their […]

The Guardian, April 21, 2013. All Rights Reserved. If Reinhart and Rogoff’s ‘error’ has discredited the prevailing policy dogma, now is the time for an alternative that works The intellectual justification for austerity lies in ruins. It turns out that Harvard economists Carmen Reinhart and Ken Rogoff, who originally framed the argument that too high […]

Forbes, April 20, 2013. All Rights Reserved. The President of the Federal Reserve Bank of Boston, Erick Rosengren, suggested this week that there could still be runs on money market mutual funds, as took place at the peak of the 2008 financial crisis, since these funds have “no capital” and invest in uninsured short term […]